Parking Lot Equipment Supplier - New Jersey

This is a unique opportunity to acquire an independently operated business specializing in parking lot equipment, specifically supplying parking automation equipment and controls. Serving clients nationwide, primarily architects and construction professionals, the company leverages local contractors for installation and expert engineers for programming. Projects are typically secured through construction bid platforms. The business offers solutions for guidance, access, and security in parking facilities, catering to a diverse clientele including hospitals and universities. A significant portion of revenue (20%) comes from ongoing support contracts, providing residual income. The business is currently run remotely with no employees, relying on 1099 contractors. The seller is open to a consulting agreement to ensure a smooth transition.