17669 – Revenue-Projecting Digital Bus Surveillance Business!
ServiceFor Sale in PA
Financial & Assets Details
About the Business
From Pennsylvania, listing specializes in the 100% digital, mobile network video recording product used for tow trucks, school and public transit buses in need of surveillance, now servicing seventeen states! First of its kind to offer 1080p resolution with zoom-in accessibility that stores footage for later access, it keeps track of velocity, breaks and any hits throughout the user’s route, which can be double-checked using Google. Business operates from a retail spacing inside a commercial mall, where it features window displays and room for product demonstrations; facility is triennially leased and in excellent condition. A skilled team of eight nonunion employees agree to stay post-purchase as industry buyer transitions and takes on company methods, as well as its achievable growth possibilities, such as generating revenue through advertisements. Constantly upgrading, business easily adapted to covid regulations, checking passenger's temperatures and including security cameras outside of school buses, as it currently holds a patent on Stop-Arm Cameras. Newly added and most profitable (70% margin) GPS and audio box system is customizable and used to indicate directions for substitute bus drivers, as 30% of this business comes from contractors. Marketing efforts rely on a proven effective word-of-mouth referral source system, trade shows for customers, and direct sales, as well as maintaining a website and some social media presence. As annual income continues on the incline, Total Revenues for 2018 reached amounts of $1,289,517, along with SDE’s of $193,442; and with just two added salesmen, gross sales could be close to $5M! Based on an independent evaluation.
Growth & Expansion
Standard Owner Transition.
Financing can be negotiable for the appropriate buyer.
$1.2M in Sales of 400 cameras!
Reason for Selling:
Approaching retirement and/or pursuing other interests.