Price: $350,000 Below Valuation Cash Flow: $120,000
RVA Business Brokers are delighted to bring this incredible opportunity to purchase a franchise in the security industry. The Virginia security industry is top 4 in the nation by revenue, making this the perfect time to invest in a top-tier franchise brand.
Law enforcement developed the franchise from the start to revolutionize the security sector. The Franchise places a special emphasis on hiring security officers who come from a background of service as former military and/or law enforcement. It provides a proprietary suite of training, technology, and support, which ensures franchisees can focus on their business as their security teams focus on their clients. The Franchisor offers protected territories with Richmond VA serving up to 2,000,0000 residents.
This franchise, in Richmond, VA, offers both on-site and patrol services for businesses, homeowner associations, apartment complexes, shopping districts, and more. On-site contracts where security officers protect the client’s property 24/7 accounts for 65% of the business by revenue. Patrol contracts represent 35% of the business.
The franchise grew 318% between 2001 and 2022 and is on track to increase another 29% in 2003.
The sale includes $81,000 in assets, an established client list, and a loyal and expertly trained staff of former military and law enforcement security guards.
The Seller opened their Richmond franchise in 2020. In 2021, RVABB sold the owner’s wife’s home care business and the family and young child have plans to move to Florida. The Seller has been proud to work with an established Franchise Brand in Silber Security, which has a 15-year history of protecting and serving their clients. While his reason for selling the business is a happy one, the Seller will miss the daily interaction he has with his staff and clients.
This is the perfect time to enter the growing security industry with incredible room for growth, a dedicated team of officers, and a solid, successful Franchise behind you.
Detailed Information
Location: Richmond, VA
Employees: 18
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Home-Based
Competition: “Over the 5 years to 2027, the Security Services industry in Virginia is expected to grow an annualized 3.8% to $4.8 billion, while the national industry is expected to grow $1.3%. Industry establishments are forecast to grow 2.9% to 607 locations. Industry employment is expected to increase 3.8% to 57,495 workers, while industry wages are forecast to increase 4% to $2.9 billion.” “Security Services in VA contributes 7.9% to the total national industry’s revenue of $50.5 billion, ranking VA 4th out of all 50 states.”
Growth & Expansion: Security Industry in Virginia a 4 Billion Industry Franchise Highlights Founded in 2008 & Franchising in 2015 Listed on 2023 Entrepreneur Franchise 500 2 Million Population Protected Territory $30,000 Franchise Fee. $65,400 – $100,400 Initial investment for a NEW Franchise 5% Royalty 1% Ad Fee
Support & Training: The Franchise offers a comprehensive suite of training and support services. Training includes field operations, safety and security protocols, online and phone support, and a franchisee intranet. Marketing support includes regional advertising, website development, social media, SEO, and ad templates.
Reason for Selling: Moving with Wife that sold a business last year to Fla
Home-Based: This business is Home-Based
Asking Price: $350,000
Cash Flow: $120,000
Gross Revenue: $525,000
EBITDA: N/A
FF&E: $81,000
Inventory: N/A
Established: 2020
