Security Safes In Hotels with Recurring Revenue

Listing Number: 0101-432401

Description

Time to retire. After 29 years. Safes that generate revenue. Enter the world of recurring revenues, maintenance & manufacturing. Safes ( lock up your valuables ) for in-room security serving the hotel/hospitality industry and others. This business has 1,342 safes of varying sizes from small to large. All safes have been manufactured in - house, by the this company. - with a fair market value of $313.300. And, also included is a 2011 Ford van, over 1,000 pedestals and other equipment. There are 768 safes placed in 6 hotels bringing in monthly revenue of approx. $14,000 per month for the past 12 months. And, 574 safes in the warehouse ready to be placed in service or sold. Currently, the seller only works 6 hours weekly and has 1 full-time employee in the warehouse and field doing maintenance and repairs. Add some sales and marketing and watch the business grow. A few contracts are in place and some are expiring. Expiring contracts continue from month to month or the customer does a buyout and contracts for maintenance. Recurring revenues are based on hotel occupancy. Excellent records as each hotel provides a monthly report and check. This business is being sold on the asset value of safes and equipment. Huge opportunity to expand.

Listing Details

• Price: $249,000
• Down Payment: $199,000
• Sellers Discretionary Earnings: $68,436
• Total Sales: $168,000
• Location: Broward County, Florida


• Inventory: $313,300
• FF&E: $6,500
• Employees: 1
• Year Established: 1992
• Reason for Selling: Retirement
• Category: Security Related