See The Alarm Exchange below
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comment on alarm company valuation - from Oct 23, 2012 article
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Ken,
Your anonymous writer has a very valid question. If an integrator only has
10% of his revenue as RMR, how does he get the full value of his company
when he is ready to sell? The answer is that integrators don't sell as a
multiple of RMR, they sell as a multiple of adjusted EBITDA. This values
the company far in excess of the RMR valuation. It is not the additional
revenue that makes his company worth more, it is the additional profit. The
calculation begins with EBITDA, defined as earnings before interest, taxes,
depreciation and amortization. Thus, simply take the net income and add
back the 4 items just mentioned. That is the EBITDA for a given year. Once
the owner sells, his cost (including his perks) go away, as the new buyer
doesn't incur these costs when he owns the business. Therefore, one takes
the EBITDA and adds back all the costs of the owner or owners and that total
is adjusted EBITDA. The company then sells for a multiple of that number.
If the buyer must increase the pay of a manager to now run the office, that
increase is deducted from adjusted EBITDA.
A few years ago many integrators had no EBITDA, i.e., they either broke even
or lost money for the year. Thus, it was very difficult to sell them as any
multiple times zero profit is still zero. Today, many integrators are
making a lot of money, and the adjusted EBITDA times the multiple is a large
number. We have sold integrators this year that we represented and are
selling more by the end of the year under this valuation model. I would be
happy to discuss the valuation of his company or others with similar operations.
All the best,
Barry Epstein, President
Vertex Capital
bepstein4@sbcglobal.net
972-740-2740
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Response
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Most alarm companies still have the RMR model and the sale is based on a multiple times the RMR. A traditional alarm company business model based on RMR does not mean that part of the company can't be evaluated based on EBITDA. One thing is for sure, you need someone experienced in alarm company valuation and a reputable and reliable business broker who specializes in the alarm business (see The Alarm Exchange for Business Brokers). For a quick valuation you can go to WhatsMyAlarmCompanyWorth ? https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth
Once you have an idea of what your alarm company is worth you can look for a broker to find you a buyer. Be ready to sell - these brokers are well connected and have buyers ready to go.
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advice on software request
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In response to this question "...what do you think is the most appropriate software for the management of a company selling alarms which can charge customers, you can open the service ticket and have a complete data base of all because the client and their history and above all have a good management of the company"
Mauricio Maldonado
safe alarm security corp in Puerto Rico
I recommend Quickbooks. It's great! Been using it for over 15 years now.
You can buy it almost anywhere and it seems everyone uses it and supports it!
Greg
Walworth County Security
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Ken,
We are using Probill out of Utah for our billing software. It is simple, reliable and inexpensive.
I am looking for software that we could use for scheduling of service calls, installations and tracking of leads and a to do list. I would welcome any suggestions.
Andrew David
Alarm Services of Maryland
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Ken,
I’m a long term reader and first time responder to your emails. In response to Sale Alarm Security on the software, after a long search, this week we are deploying Service Management Enterprise by High 5 Software. They seem to have the most integrated program for sales and service.
http://high5software.com/
Chris Kwast
TATUS Government Systems
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Ken,
The only real business software designed by alarm industry people solely for the alarm business is Sedona Office. www.SedonaOffice.com The software manages all aspects of the business including, service, install, sales, inventory, GL, fleet management, invoicing, etc, etc. We have been using the product for over nine years and it has transformed our business practices. The developers constantly improve and expand the scope of the software and thus it continues to streamline everything we do. More than half of the SDM 100 companies are on the Sedona platform and the annual users conference attracts hundreds of company employees for training and networking.
James Orvis, President
Security Solutions Inc.
Norwalk, CT
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Ken
SedonaOffice is the most comprehensive management system for an alarm company. It can certainly manage the service process and provide a complete history of activity. It is a full suite of management applications from financial to operational applications.
Paul Victor
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Hi Ken
Regarding a software for Alarm Company Operations that incorporate all the items Mauricio Maldonado from safe alarm security corp in Puerto Rico I have used and continue to use for the last 25 years Richard DeRonda with CSS the program is Security Office Solutions I find it easy to use and it has many many features. The most important part is Richard understands computer and software problems cost us all money so his call back time is excellent! Richard 951-347-9891
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TO SUBMIT QUESTIONS OR COMMENTS REPLY TO THIS EMAIL OR EMAIL Ken@Kirschenbaumesq.com. Most comments and questions get circulated.
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Speaking engagements:
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Want to schedule me, Jennifer or Dennis Stern for a speaking engagement? Alarm associations can book my presentation by calling Eileen in my office at 516 747 6700 x 312.
The Alarm Exchange
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This area is reserved for alarm company announcements, solicitations, offers, etc. Those wishing to sell or buy; borrow or lend; dealer program or dealer; central stations; insurance brokers; business brokers, insurance companies. Equipment to sell; looking for employees; subcontractors; mergers;
There is no charge to post a listing here. The listing is subject to review and approval and will be posted for approximately 10 days unless renewed. Include your contact information, phone, email and web site. Posting by category will depend on response to this forum. Send your post to Ken@KirschenbaumEsq.com. To see the most current postings go to https://www.kirschenbaumesq.com/article/the-alarm-exchange
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Help Wanted:
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Long Island Central Station Alarm Company looking for experienced alarm technicians and central station operators. Excellent salary and benefits. E-Mail hr@lowittalarms.com or call 516-433-6960 ext. 215.
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Oakland, CA company looking for experienced electronic technician – alarms, CCTV, access control, intercoms, etc. Send resume and references to HR@reedbrothers.com or call Nancy at 800-400-5625 x158
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Long Island based locking and electronic security manufacturer is looking for technical support professionals with previous experience installing fire and burg systems. We offer excellent compensation and benefits. Please contact rbaker@napcosecurity.com for more information.
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Indianapolis, IN - Hoosier Security call 317-644-0570 or send resume to: armando@hoosiersecurity.com Actively seeking installation contractors and sales personnel experienced in alarm and digital CCTV.
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Eastpointe Michigan alarm company has an opening for an experienced alarm tech/installer, great salary, benefits, truck, medical. Call Hank Luks 586-772-6100 or email to controllor@aol.com
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San Antonio Texas based company is looking for experienced residential, commercial and fire alarm salesmen as well as experienced alarm installers. Submit resume via e-mail to Gmunford@saalarms.com Glenn Munford, President. Phone 210 342-3100 sanantoniosecurityalarms.com
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Washington DC area Home Automation company seeking experienced alarm technicians. Send resume with references and salary requirements to jobs@american-automation.com
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Western Suffolk alarm company looking for exp'd office help- exp in Microsoft office, downloading of alarm panel, inventory, collections, sales and general office help. Send resume to Jeanne@checkmatesecurity.com
631 669-3303 www.Checkmate Security
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Northern New Jersey Fire Protection Company is looking for an experienced Fire Alarm Technician, with at least 3 years’ experience. Send resume to laura@cityfire.com
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NJ Alarm Company (Bergen County), seeking a Central Station Operator for the 5pm – 12:00pm shift. Email resume and salary requirements to service@merchantsalarm.com . No phone calls please.
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California and Texas alarm company seeking Central Station Manager, Customer Service Manager, Operations Manager, Sprinkler Operations Manager, Service Manager, Project Manager, Service Technicians, Lenel Certified Technicians, Installers, Fire Testers, Reg 4 Fire Testers, Service Dispatchers, Central Station Dispatchers, and Sales Representatives in locations throughout California and Texas. email resume to bwatkins@ssdsystems.com
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Union, NJ alarm company looking for Service Technician, Installation Technician, and
Administrative Assistant. Send resume to humanresources@supremealarm.com
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Clifton, N.J. based alarm company looking for an aggressive sales person. commercial and residential fire alarms, burglar alarms, CCTV systems, Door Access Control Systems, Intercoms, etc. We are looking for a motivated self started, a professional with proven results and references. If you have the experience, product knowledge and drive call 1-800-486-5019 and ask for Tom Sr. or email tomsr@tralarm.com http://tralarm.com/
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Digital Monitoring Products (DMP) is looking for an experienced Regional Sales Manager for the North East Region covering Metro NY, E. PA, Long Island & Northern NJ are looking for a Sales executive with five or more years of sales and territory management experience or dealer direct selling in the region. To learn more about this opportunity, please contact Matt Schweiger at 417-693-3988 or email at mschweiger@dmp.com.
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Central FL based company looking for 2 experienced electronics technicians in Ft Myers and Daytona FL areas – Commercial Fire, Security, CCTV etc. Send resume and salary requirements to Allcomsolutionsinc@gmail.com
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Tulsa OK company is looking for an exp'd Service Technician for Burg and Commercial Fire Alarms, Access Control, and CCTV systems. Submit resume with references and salary requirements via e-mail to tcarey@advancealarms.com, no phone inquiries.
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Montrose, CO alarm co seeking Technician with experience. Email resume and references to Dan at superioralarmoffice@gmail.com or fax to 970-240-0366
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Tucson, AZ - Accura Systems of Tucson, Inc Seeking Lead Technician to oversee technician installs for Burg, CCTV installs, must have good training and QA skills. call Bill at 520-722-0220 or emailbill@tucsonaccura.com
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Merger and Acquisitions
NY - looking to purchase fire alarm subscriber accounts in New York metropolitan area. call Bob WIlliams at Briscoe Protective Systems Inc at 888 274 7263 ext 211 or email bobw@briscoeprotective.com All calls strictly confidential
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Southeast Arkansas. Security Integration co very lucrative agricultural vertical market, but having difficulty attracting and retaining installers to keep up with our workload. Primarily commercial/industrial integration but with approx. 240 monitored alarm accounts. Largely residential, upscale accounts with approx. 20% commercial accounts. Will consider either selling alarm accounts to focus on surveillance/access control or will consider selling all and work as regional sales manager for purchaser. Market has loads of potential. For confidentiality reasons, please contact me at my "other" email address hogshogshogs@att.net.
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Central Stations
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Nationwide Digital Monitoring - monitoring all of America UL Listed; NYC FD approved
800 221 0826 www.NationwideDigital.com Contact Alan Ankeles aankeles@NationwideDigital.com
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U.S.A. Central Station Alarm Corp - monitoring throughout the United States Bart Didden 877-872-1266
bdidden@usacentralstation.com www.usacentralstation.com
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United Certified Central Station Inc - monitoring the New York City metropolitan area. NYC Fire Dept approved and UL Listed. Dana Goffer 212 206 0900 x 301 http://www.weprotect.com/Monitoring%20station.html
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Counterforce Central Alarm Services Corp UL Listed NYC FD approved contact Phil Blair 718 575 3333 Phil@counterforcecentral.com http://counterforcecentral.com/services/index.htm
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Metrodial Central Station - FDNY Approved and UL Listed. Contact Andy Lowitt at 866-900-METRO or andy@metrodial.com www.metrodial.com
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COPS Monitoring: Nationwide Burglary, Fire, PERS, Video, & Critical Environmental monitoring from 5 central stations copsmonitoring.com http://copsmonitoring.com/lp/kk.html or call Betty at 800-367-2677 x 1256
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All American Monitoring – throughout USA. UL, Five Diamond, licensed LisaF@AllAmericanMonitoring.com or call 800 318 9486 x 212 www.AllAmericanMonitoring.com
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RESPONSE CENTER USA – Monitoring burglar and fire alarms. PERS (Medical Alarms) Specialists UL Listed.
contact JD Benfer 866-489-4105 jdbenfer@rc-usa.com www.rc-usa.com
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United Central Control, Inc. - UL Listed, 5 Diamond Certified, serving the entire USA - contact Kathryn Schultz - 866-907-4712 or kschultz@teamucc.com http://www.teamucc.com/
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AvantGuard Monitoring Centers : UL 2050 Listed, 5 Diamond, Fully Redundant Central Stations Specialize in PERS monitoring. Contact Troy Iverson 877-206-9141 www.agmonitoring.com
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Electronix Systems Central Station Alarms Inc., UL Listed, FDNY Approved
and Five Diamond Rated. Contact Jacqueline Jones
jackiej@electronixsystems.com (631) 271-4000 www.electronixsystems.com
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SentryNet monitoring nationwide, Canada and Mexico - UL and 2050 listed; FM Certified. Contact Kurt Erdman kerdman@sentrynet.com 800-932-3304 www.sentrynet.com
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Grand Central Station – monitoring of burglary, fire and video verification services throughout the United States. UL Listed Benny M. Martinez 800-230-1654x136 bmartinez@gcsmonitoring.com www.gcsmonitoring.com
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Security Response Center – alarm monitoring across Canada – ULC Listed
Beverley Champagne 888-346-6302 bchampagne@src.net http://src.net/
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Central Security Communications, Inc. monitoring throughout USA since 1963; UL listed; Denver Fire License; redundancy; family owned/operated 1-888-8ALARM8 Natalie@centralsecurity.com www.centralsecurity.com
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Rapid Response Monitoring - UL Listed, FM Certified, FDNY Approved, IQ Certified, SIA Certified -wholesale monitoring services, audio, video, GPS, PERS, IP and residential and commercial protection, completely mobile Connectivity Dealer & Customer Access Services. 800-558-7767, sales@rrms.com, www.rrms.com
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Security Partners – UL listed, CSAA 5-Diamond central station covering the entire US. Advanced Services Division helps dealers become more aware of emerging security technologies. Call Andy Stadler at 717.481.6379 or astadler@securitypartners.com www.securitypartners.com
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Paragon Monitoring Center - UL Listed; monitoring all major formats, video monitoring including Videofied and CheckVideo. Jeff Martin 866-936-6648 jeff@wemonitor.org - www.wemonitor.org
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Your Monitoring Center / A Crime Alert Co. – UL; CSAA 5 Diamond – Burg, Fire, PERS, Video Verification, Total Connect, C24 Interactive. Call Mark Ramsey 800-829-8877 mark@crimealert.com www.crimealert.com
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Business Brokers / Consultants
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Ron Davis Davis Mergers and Acquisitions Group Inc rdavis@graybeardsrus.com Office 847 955 2345
Cell: 847 910 7716 www.graybeardsrus.com
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Mitch Reitman S.I.C. Consulting, Inc. Tax and Financial services 817-698-9999 MReitman@sicc.us www.sicc.us
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Rory Russell Acquisition & Funding Services www.afssmartfunding.com (800) 354-3863 Cell 518-366-5111
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Barry Epstein - Vertex Capital - representing Buyers and Sellers in Life Safety Industry. bepstein4@sbcglobal.net cell:972-740-2740
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Insurance brokers / insurance companies for alarm industry
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Alice Cornett Giacalone, Senior Vice President - selling alarm E&O throughout the United States
Central Insurance Agency, (800) 917-2542 aliceg@ciainsures.com www.ciainsures.com
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Ralph A.Costa - specializes in alarm insurance in New Jersey and other states 973 835 8444
ralph@burglaralarminsurance.com http://www.burglaralarminsurance.com/category.aspx?id=MISC1
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Security America Risk Retention Group Alarm industry owned and sponsored E&O insurance – Call SARRG at 1-866-315-3838, or info@securityamericarrg.com. www.securityamericarrg.com
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Premier Alarm Insurance, Kristin Sikorski, Isle of Palms SC 29451 1-800-792-1728
info@premieralarminsurance.com www.premieralarminsurance.com
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Rick Gombar Insurance Services, Inc. CA. Rick Gombar, President 800-446-6227
Rick@gombarinsurance.com www.gombarinsurance.com
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Eclipse Marketing & Insurance Services. Larry St John, CIC, Pres. 800-530-4448, LStJohn@eclipseinsurance.com - ins for alarm industry www.eclipseinsurance.com
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Financial Services
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Alarm Financial Services - funding for alarm dealers throughout the United States.
www.alarmfunding.com or call Jim Wooster 866-204-9350x12
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RMRFunding - Alarm account funding. www.rmrfunding.com Contact David Tropper (855) 767-1900 dtropper@rmrfunding.com
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Educational and Training Programs
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New York State alarm license Approved 81-HOUR License Course www.mbfaa.com
contact Alan Glasser (718) 894-6712 mbfaa.ny@gmail.com
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NYS 81 hour approved training - contact NYBFAA 814-838-3093 Info@NYBFA.org) www.NYBFA.org
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New York State 81-Hour Alarm License Course - Approved by NY Dept. of State taught by NYBPSS Licensed Instructors; www.electricaltrainingcenterli.com Call Justin or Barbara @ 631-226-8021
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New Jersey Fire Alarm, Burglar Alarm & Locksmith training. Exam Prep Training Series, Practice Exam and approved CEU courses. see www.NJCEUcenter.com or call Bob Shoremount 908-637-8557
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Attrition Busters Presentations-Seminars-Workshops-Consulting www.attritionbusters.com
contact Bob Harris(818) 730-4690 bobh@attritionbusters.com
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Florida Alarm School. FASA and BASA classes. Mike Fletcher mfletcher@heeth.com 813 621 2333 www.floridaalarmschool.org. Upcoming classes Oct 24 - Pensacola - Renewal; Oct 25/26 - Pensacola - New Agent; Oct 29/30 - Tampa - New Agent; Nov 2 - Gainesville - Renewal; Nov 7 - Miami - Renewal; Nov 8/9 - Miami - New Agent
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Alarm Academy – On Line and classroom BASA-FASA renewal and state of Florida license holder renewal classes contact Mary Kenna, mkenna@fla-alarms.org / 800-899-2099: 954-748-7779 www.alarmacademy.org
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Alarm Association of Florida - On Line and classroom BASA-FASA renewal and state of Florida license holder renewal classes contact Mary Kenna mkenna@fla-alarms.org 800-899-2099: 954-748-7779 www.fla-alarms.org
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Marketing for the Alarm - Security Industry
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Bob Maunsell - Security Marketing Guru - www.SecurityMarketingGuru.com 508-835-1123 support@securitymarketingguru.com
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Security Dealer Marketing - full-service marketing agency for security businesses David Morgan
888-572-4450 x100 dmorgan@securitydealermarketing.com www.securitydealermarketing.com
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Technical Support
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Fire Alarm System Engineering
Fire Alarm Design Services. Complete code consulting, basis for design reports, AutoCAD, submittal documents. PE and NICET IV on staff. NY, NJ, PA areas. Contact Joseph Hayes, SET 914-645-1289 or HayesCPP@optonline.net
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Systems Support Specialists - Technical consultants for Central Station Services & Installation Services, Custom Programming, End User Solutions, Product Evaluations, and Technical training - Contact Mark Fischer - mfischer@systemssupportspecialists.com or (631) 850-0084 www.systemssupportspecialists.com
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Certified System Design – Central Station Facility Design, Automation Platform Conversion Management, Organizational Development, Operational Reviews, and Operational Support. For all things Central Station – Contact Dave Mann (443) 452-9235 or dmann@certifiedsystemdesign.com www.certifiedsystemdesign.com
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Technology and Services that increase or preserve your RMR
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KeepYourIP - Providing secure IPv4 addresses for communicating IP alarm panels to monitoring receivers. For information contact Davin Roos 866-444-7007 davin@keepyourip.com www.keepyourip.com
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Videofied - video alarms - alarm verification - reduce false alarms Contact Keith Jentoft 877-206-3200 KJentoft@videofied.com www.videofied.com
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Linked24 New mobile technology GPS increases revenue with existing customer base, grows RMR virally. Contact John Hoffe 760 298-1214; hoffej@linked24.com www.linked24.com
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Parts - Equipment For Sale
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Monitor Controls, Inc. 178-180 Center Street Wallingford, CT www.monitorcontrols.com
contact our IT rep Dan Hadlock at 203-269-3591
PART QTY ROUGH PRICE (EACH)
D6500 RECEIVER 3 $100.00 ; D6545 TELCO TERMINATOR 1 $15.00 ; D6535 POWER SUPPLY TERMINATOR 1 $15.00; D6515 CPU MPU TERMINAL CARD 1 $10.00; D6540 TELCO LINE CARD 3 $10.00
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Sub Contractors available for work
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Calgary, AB based contractor available for “Boots on the Ground “service to American Security companies with National Accounts in Alberta, Canada. Please call Robin Dupuis (403) 910 1099 or email robin@wireman.ca. You can visit our website at www.wireman.ca
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Miscellaneous
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Printers MonitoringContracts.com. Authorized printers for the Kirschenbaum Contracts TM. 866 322 4906 sales@MonitoringContracts.com www.monitoringcontracts.com
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alarm contracts - get them at www.alarmcontracts.com
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alarm company valuation - go to www.WhatsMyAlarmCompanyWorth.com
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Legal service for acquisition or sale of accounts. Contact Ken Kirschenbaum, Esq at 516 747 6700 ext 301, Jennifer Kirschenbaum,Esq at 516 747 6700 ext 302 or Dennis Stern, Esq at 516 747 6700 ext 323
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Many of you are forwarding these emails to friends or asking that others be added to the list.
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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden city Plaza
Garden City, NY 11530
516 747 6700 x 301
email: ken@kirschenbaumesq.com
phone: 516 747 6700
web: http://www.kirschenbaumesq.com