Status: Sold
IT Business - Managed Services with Real Estate - Listing #: 52965
| BBF Listing #: BBF-966-52965 | Sunbelt Listing #: 52965 |
| Category | : | Business Services | SIC | : | 7363 | |
| Detail | : | Management Services | Price | : | 1,013,307 | |
| County | : | Sarasota | Down | : | 150,000 | |
| State/Prov | : | Florida | Disc Earn | : | 278,693 | |
| Country | : | USA | Sales | : | 1,066,015 |
|
This independent technology Company has contracts for managed services from small and mid sized Companies in the Sarasota area. The Company also acts as an outsourced IT department, providing and maintaining Computers, servers and Cloud services. This list price includes the Real Estate which is valued at $270.000. |
| Reason for Sale | : | Family Member Health Issue |
| General Location | : | Sarasota |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established: 19 Years Owned: 19 Emp FT: 6 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 5 Years: 100 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 9:00am - 5:00pm |
| Skills/Licenses | : | IT Certifications preferred |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | P/L Statement | Tax Return | Tax Return | |
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | |
| Gross Revenue | 1,066,015 | 791,237 | 700,123 | |
| Cost of Goods | 403,110 | 487,001 | 282,430 | |
| Gross Profit | 662,905 | 304,236 | 417,693 | |
| Expenses | 482,400 | 160,229 | 323,850 | |
| Net | 180,505 | 144,007 | 93,843 | |
| Owner Salary | 59,280 | 65,485 | 65,991 | |
| Benefits | 38,908 | 39,261 | 10,852 | |
| Interest Expense | 0 | 0 | 3,039 | |
| Depreciation | 0 | 3,488 | 3,205 | |
| Other | 0 | 0 | 0 | |
| Discretionary Earnings | 278,693 | 252,241 | 176,930 |
| Accounts Rec | 0 | N* | Real Estate | 270,000 | Y* |
| Inventory | 15,000 | Y* | ___________ | 0 | N* |
| F F & E | 21,000 | Y* | Total Assets | 306,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| REAL ESTATE INFO: | Square Footage: 1550 | Building Type: COMMERCIAL CONDO |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 1,013,307 | Down Payment | 150,000 | |
| Working Capital | 25,000 | Loan/Assumable | 0 | |
| Loan Fees | 20,000 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 913,307 | |
| Total | 1,063,307 | Total | 1,063,307 |
| EST. SBA LOAN | - Amt: | 891,000 Mos: | 180 Rate: | 8.50% Mo Pmt: | 8,835.00 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | jalter@sunbeltnetwork.com | ||
| USA | Home Page | : | sunbeltofflorida.com |