Security and Hospitality Service w/Recurring Revenue in Houstom
Listing: # 8299
Price: $ 790,000
|Real Estate Price:||$0|
|Down Payment Required:||$400,000|
|Total Cash Flow:||$0|
Description and Operations
|Reason for Sale:||2nd business he owns needs his complete focus.|
Reason for Sale:
2nd business he owns needs his complete focus.
This highly successful hospitality services company in which provided services include valet parking, security, front desk receptionist/concierge, and drivers for high rises and retirement communities is available for acquisition. Business is easily relocated to your area of Houston. Besides special event services for the more than 100 clients in their database, they do contracted service (monthly recurring income) for 6 clients/facilities with their special events business up and running again after COVID which made this portion of the business drop off previously. Security Services are in high demand and this established Security Services unit could be used to expand security services offering on a broader market basis. Each employee of this unit is certified, and state licensed to perform the work. This business has provided 5-Star contracted services for many of these clients for over 7-8 years. Seller only spends 5-10 hours/wk in business as he has second business that requires his focus and he has not been able to focus on growing this one as much as a new buyer would be able to. With an extensive screening, on-boarding, and training process for all staff this company takes great care with selecting individuals to work on their team to ensure the highest level of customer service. Approximately 7% of revenues comes from driving, 15% concierge, 23% valet parking, 45% security services. A salesperson or focus on advertising/marketing would increase revenues above the almost 1.6 mil currently achieved.