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Custom Installers' Lounge Forum - View Post
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The following page was printed from RemoteCentral.com:
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Have you ever sold a security account
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| Topic: | Have you ever sold a security account This thread has 5 replies. Displaying all posts. |
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| Post 1 made on Thursday September 23, 2021 at 08:33 |
andrewinboulder Select Member |
Joined:
Posts: | August 2003
1,518 |
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Anyone ever sold their existing recurring security system customer accounts? If so, wondering what the best route was and what the multiplier was in the end....
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| Post 2 made on Thursday September 23, 2021 at 18:46 |
Redbiker98 Regular Member |
Joined:
Posts: | November 2020
209 |
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I can't speak from experience, but I have heard that the going rate, at least in Texas, was about 1k per account.
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| Post 3 made on Friday September 24, 2021 at 09:21 |
highfigh Loyal Member |
Joined:
Posts: | September 2004
8,320 |
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Has anyone sold their client list when they decided to close?
I'll start a new thread, if needed.
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My mechanic told me, "I couldn't repair your brakes, so I made your horn louder." |
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| Post 4 made on Friday September 24, 2021 at 10:55 |
AZCS Long Time Member |
Joined:
Posts: | February 2008
216 |
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Company I used to work for would sell them, not sure who would buy but I believe the multiplier they were getting back then was somewhere in the range of 30-35x monthly. So a monthly account at $30 would be $900-1050. This was back in 2006-7ish so obviously outdated but I dont imagine it would change much
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| Post 5 made on Tuesday October 12, 2021 at 20:58 |
WhiteVan Lifestyle Loyal Member |
Joined:
Posts: | July 2007
5,108 |
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That is close. The standard rate is 3 years revenue and usually a buyer will include a 1 year drop off clause that you need to counter with a void if any price increase is presented to the account holder in that period. I have required that service requests during that period run through my company. This prevents mass exodus.
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Safe 'n Sound Central Coast CA www.mysafensound.com [Link: facebook.com] |
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| OP | Post 6 made on Tuesday October 12, 2021 at 23:30 |
andrewinboulder Select Member |
Joined:
Posts: | August 2003
1,518 |
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So who do you sell accounts to?
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