Information Technology - Computer Services Firm *REDUCED*
NCListing DetailsOffice ID: IT2
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $185,000
Gross Revenue: $261,402
Cash Flow: $83,296
Inventory Included: Yes
FF&E Included: Yes
Accounts Receivable: $10,000
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will provide financing as required by buyers commercial lender and SBA underwriter. Typically 10-15 percent based upon overall deal structure.
Reason for Sale:Relocating out of state to be with family.
Training:Seller will provide adequate training and support for smooth transition.
OperationsYear Established: 2010
Form of Ownership: LLC
Employees (full-time): 4
Business Hours: 9-6 M-F; 10-4 Sat.
Business Description:This firm provides a wide range of IT services and computer repair onsite and offsite to residential and commercial clients for both Apple and PC products including mobile device integration and support with 24 hour emergency response. The firm takes a holistic approach to network and computer management from procurement to recycling including data management, back-up and off-site electronic storage. Utilizing a managed services model clients systems are proactively monitored and maintained to minimize system downtime and business interruption. The firm also offers support contracts and equipment leasing. The firm also offers Graphic Design, Web Design and Web Hosting.
Historical Summary:The founder started the firm to fill a void that no other service provider was offering or properly providing to customers. He started as a consultant and was then asked by an executive of their bank if they would branch out and open a store front to further provide for the needs of the community. He felt that the firm had technical knowledge and expertise that was and remains unmatched by other computer repair companies in the service area. Since opening, the firm has grown significantly over the last three years. During this time four companies competing with the firm have closed. The firm is well known and respected in the business community and continues to add new clients on a regular basis with high client retention rates.
Owner Qualifications:Buyer will need to have computer experience as well as familiarity with general administrative functions such as accounting, payroll, HR, marketing, and customer service.
Competition:This firm is the fastest growing in its market gaining government, education and corporate accounts at an impressive rate with high customer retention.
Potential Growth:Having doubled in gross revenues over the past 12 months, capacity is likely to limit growth beyond 100 percent annually. Additional hires will be needed to maintain growth.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Security: $1,200
Monthly Rent: $1,100
Square Footage: 2000
Leased space is centrally located and well laid out for this type business. Includes retail/display area and private repair/testing area. Adequate parking on main road.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Nov 30, -0001 / 12:00 AM