TRADE SERVICE · ELECTRICAL & TECH CLUSTER

FRACTIONAL CFO FOR SECURITY SYSTEM CONTRACTORS.

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We run the finance function for security system subcontractors doing $1M to $12M: job costing aligned to the way you estimate, a 13 week cash flow forecast, monthly WIP, and a CFO in the room every month. Pricing starts at $1,900 per month.

Security integrators own a balance sheet asset most of them have never valued, so we start by measuring it. Recurring monthly revenue is 38.5 percent of industry revenue now, up from 33 percent two years earlier, monitoring books transact at roughly 28 to 60 times monthly recurring revenue, and a $2M EBITDA project-only shop clears about $8M to $10M at sale while the same EBITDA at a 40 percent RMR mix clears $14M to $18M. We build per-contract P&Ls because monitoring wholesale cost, platform fees per account, and truck rolls against flat-rate obligations erode accounts without ever appearing in a revenue report. We track attrition as a standing metric too, since each point of monthly attrition below the category baseline can add two to three turns of multiple, and every canceled account removes contracted revenue that cost real install labor to create.

BY JOSH LUEBKERPublished 2026-08-06Updated 2026-08-06
WHERE SECURITY SYSTEM LOSES MONEY

THE THREE THINGS THAT DRAIN THE CASH.

LEAK 01

The Unpriced Asset

RMR is a balance-sheet asset with a multiple attached: monitoring books trade at 28x to 60x monthly recurring revenue, and a 40-percent RMR mix nearly doubles what a dollar of EBITDA sells for. An integrator who can't state the RMR mix and attrition rate is running a company whose value is being set by someone else's spreadsheet.

LEAK 02

The Billing Illusion

"RMR contracts are billing, but nobody can tell you which ones are profitable." Monitoring costs, truck rolls, and platform fees erode accounts silently; per-contract P&L is the only lens that sees it.

LEAK 03

The Divided House

Install revenue rides construction terms; monitoring rides subscription terms; the market values them on different multiples. One blended P&L hides which business funds which and misprices both, at exit and every month before it. (cfos-job-profitability-system) ---

HOW SPM FIXES IT

WHAT WE CHANGE.

RMR is a balance-sheet asset (the valuation math most integrators never run)
Billing without profitability (the invisible RMR leak)
Two businesses, opposite cash curves (install vs monitor)
Attrition is the other margin (churn as a financial control)
The heaviest overhead in the dataset (and why)
PRICING

FLAT MONTHLY FEE. NO SURPRISES.

Priced by trailing 12 month revenue. No hourly billing. No payroll. No add-ons.

Last 12 months revenueMonthly fee
Up to $1M$1,900 to $2,900
$1M to $3.5M$2,600 to $3,900
$3.5M to $6.5M$3,800 to $5,700
$6.5M to $9.5M$5,100 to $7,100
$9.5M to $12.5M$6,100 to $8,500
$12.5M to $15.5M$7,400 to $11,000
$15.5M to $18.5M$9,400 to $13,500
$18.5M+Quoted individually

Range reflects the three tiers below. Which one you're in depends on how much of the work you want off your desk. No payroll. No hidden line items.

Core

You stop guessing.

You get the CFO work. Job costing built against the way you estimate, a 13 week cash forecast, monthly WIP, and a meeting every month that ends in decisions rather than a report.

Your bookkeeper keeps doing the books.

Executive

You stop touching the books.

Everything in Core, and we run the bookkeeping and the controllership as well. Nobody in your office is answering coding questions or chasing a reconciliation at month end.

We do the books. No payroll.

Strategic

Every job shows its margin while it's still running.

Everything in Executive, plus the job costing and WIP platform set up, loaded with your cost codes, and managed for you every month. You never have to learn it.

We do the job costing.

COMMON QUESTIONS

FREQUENTLY ASKED.

Security contractors at $1M to $5M net 6.5 percent on average, rising to 9.5 percent by $25M to $50M; the CFOS target at $1M to $5M is 10 percent. The trade earns the highest gross margins on the benchmark and gives much of it back through the heaviest overhead, which makes per-contract profitability and overhead recovery the twin disciplines. Every net profit figure here is stated before taxes, the same basis CFMA reports on, so the two are directly comparable.
Three tiers, and which one you are in depends on how much of the work you want off your desk. Core is where you stop guessing: job costing built against the way you estimate, a 13 week cash forecast, monthly WIP, and a monthly meeting that ends in decisions, while your bookkeeper keeps doing the books. Executive is where you stop touching the books, because we run the bookkeeping and the controllership as well. Strategic is where every job shows its margin while it is still running, because the job costing and WIP platform is set up and managed for you. No payroll. No scope gaps.
Sixty days. We migrate your books back to the start of your last taxable year, set up ControlQore, and build your job costing structure from scratch. Fully operational in two months.
ControlQore is the job costing and WIP platform we use for all clients. Purpose-built for contractors, more affordable than legacy tools, and AI-infused. We set it up and manage it, so you do not have to learn it.
A bookkeeper records what happened. We tell you what it means and what to do about it. We align job costing to your estimates, track WIP monthly, and hold strategic accountability meetings so problems get fixed and not merely documented.
$10.7M+
Client AR Recovered Since 2023
48
Active Trade Specializations
60 DAYS
Average Onboarding Time
WHAT THIS TIES INTO
Josh Luebker, The Construction CFO
Josh Luebker
FRACTIONAL CFO · THE CONSTRUCTION CFO

Former commercial construction project manager and master electrician. Managed 150+ projects worth more than $2.1B combined, with individual jobs from $50,000 to $300M, including data centers, military bases, hospitals, and high-rises. Now fractional CFO for commercial subcontractors doing $1M to $12M through Sulphur Prairie Management.About Josh  | LinkedIn

DO YOU KNOW YOUR TRUE MARGIN ON SECURITY SYSTEM WORK?

Bring one job. We will show you the difference between what you bid and what it cost.

You don't hire a CFO because it's safe, you do it because the real risk isn't having one.
Book a 20 minute diagnostic

20 minutes. No sales pressure. We will tell you exactly what's broken before we talk about anything else.

OR START WITH THE WORKBOOKS. NO CALL NEEDED.