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Home Automation/Smart Home Security

  • Status: Sold
  • Price: $799,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
661-816-1141
Mobile:
661-816-1141
  • Listing No: 6510
  • Status: Sold
  • Area: Los Angeles County
  • Price: $799,000

Description

Smart Home Solutions Provider
Asking Price: $799,000
Financing: SBA Loan Possible

This is a premier provider of cutting-edge low-voltage smart home systems, based in West Hollywood and serving the greater Los Angeles area. With 6 years of experience, the company has established a stellar reputation for transforming residential developments into state-of-the-art smart homes.
Key Highlights:
C-10 Licensed, Bonded, and Insured: The company specializes in wiring and installing security systems, AV systems, intercoms, and more for new home constructions. Strong Industry Relationships: Trusted by builders, real estate developers, construction companies, architects, and designers. High Demand for Smart Homes: The market for home automation is booming, and they provides tailored solutions to meet current and future connectivity needs. Exclusive Dealerships: Control4®, Savant, Lutron, Sony, and Josh.AI dealerships offer the business a competitive edge with premium pricing, rewards, and rebate programs.
Project-Based Structure: No “master” contracts but steady relationships with vendors and clients that fuel continuous growth. 26 Active Projects: Solid pipeline of ongoing and future work, ensuring consistent revenue streams.
Financial Overview:
Annual Gross Revenue: $1.5 Million
Annual Net Income: $300K (including owner’s personal addbacks)
Rent: $1,600/month for a 700 sqft office space in Los Angeles County
Inventory: Approximately $50,000 (in addition to purchase price)
Equipment: 2 vans (one paid off, one 2019 Ford Transit 250)
Vendor Relationships: Control4, Savant, Lutron, Sony, Josh.AI, Snap One, Volutone, Koa CCTV, Blackwire Design, Wave Electronics, and more. C-10 Contractor License Required (C-7 Also Applicable) This is an excellent opportunity to acquire a thriving, well-established business in the high-demand smart home automation industry. With a robust client base, dealership advantages, and increasing year-over-year growth, they’re poised for continued success.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Security
License(s) Required:
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6510
Date Available: 09/17/2024
Reason For Sale: other interest

Financial Information

Annual Total:
1,500,000
Revenue:
Annual Net Income:
300,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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