Profitable Custom Gate Access Installation & Service Business

This listing presents a well-established and highly profitable custom gate access installation and service business, operating for over 40 years. The company specializes in the design, build, and installation of custom iron gates, complemented by a robust gate automation division offering 24-hour full-service and preventive maintenance programs. It boasts a significant recurring revenue stream from over 200 HOA and community accounts for maintenance and monitoring services. The business has demonstrated strong financial performance, with a Gross Revenue of $1,893,727 and a Total Adjusted Net Income of $610,907. The asking price is $1,554,000. The business is SBA Pre-Approved for 10% down, with a $190,000 down payment required for the net profit. The seller has prepared thoroughly for due diligence with CPA assistance, providing all necessary documents. The experienced and dedicated staff are expected to remain with the new owner, and outstanding support and training will be provided for a smooth transition. The business operates from a leased space of 3533 sq ft with a monthly rent of $4,220, with the lease expiring in December 2022. There are 8 full-time employees. The reason for selling is the owner's passing due to Covid.