KEN KIRSCHENBAUM, ESQ ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE You can read all of our articles on our website. Having trouble getting our emails? Change your spam controls and whitelist ken@kirschenbaumesq.com ****************************** Practical questions about your business you should know / ISC Schedule February 14, 2024 ************************ ISC schedule ************************ I'll be at ISC in April and again sponsoring and conducting informative meeting. Vendors who wish K&K to schedule meetings for them should contact Stacy Spector,Esq at 516 747 6700 x 304 or sspector@Kirschenbaumesq.com now. Dealers who want to participate in private meetings with me or vendors listed on The Alarm Exchange should also contact Stacy to schedule a time. Meetings [private and group meetings on scheduled topics] will be schedule for half to one hour, without charge, and conducted at the Palazzo Prestige Lounge. Times and schedule is limited so please contact Stacy soon as possible to request a topic or schedule an appointment. ************************ Practical questions about your business you should know ************************ As you may have noticed K&K has become a bit more active in the industry’s merger and acquisition market. We will “broker” a deal if we are the attorneys for one of the parties, seller or buyer. A current list of seller’s we are assisting are listed in The Alarm Exchange in the Merger and Acquisition category. Recently a seller engaged K&K and in order to properly list it on The Alarm Exchange I asked a few questions that any potential buyer of accounts would want to know. I thought I’d share them, because these are the questions you should be able to answer without too much effort; a sign you’re on top of your business. * number of accounts * % residential * % commercial security * % commercial fire * RMR for inspection or service * RMR for monitoring * what cs you go to * how much you pay cs each month [average for all accounts] * number of techs you have * are employees under Employment Contract * where are most of the accounts concentrated * what equipment do you usually use * panels? * software you use? * contracts? If you have a good idea what the answer is to these issues you know your company well. Now all you need to do is keep an eye on what direction the account base and RMR takes, up or down. For quick valuation of your alarm accounts go to https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth To increase the value of your accounts be sure to use K&K Standard Form Agreements and keep them updated: https://www.kirschenbaumesq.com/page/alarm-contract ********************** STANDARD FORMS Alarm / Security / Fire and related Agreements click here: www.alarmcontracts.com *************************** CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY - You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304. *********************** ALARM ARTICLES: You can always read our Articles on our website at ww.kirschenbaumesq.com/page/alarm-articles updated daily ******************** THE ALARM EXCHANGE - the alarm industries leading classified and business exchange - updated daily ************************* Wondering how much your alarm company is worth? Click here: https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth ****************************** Getting on our Email List / Email Articles archived: Many of you are forwarding these emails to friends or asking that others be added to the list. Sign up for our daily newsletter here: Sign Up. You can read articles and order alarm contracts on our web site www.alarmcontracts.com ************************** Ken Kirschenbaum,Esq Kirschenbaum & Kirschenbaum PC Attorneys at Law 200 Garden City Plaza Garden City, NY 11530 516 747 6700 x 301 ken@kirschenbaumesq.com www.KirschenbaumEsq.com
