Sold
IT Service Provider Primed for Growth
| Category | : | Business Services | SIC | : | 7363 | |
| Detail | : | Management Services | Price | : | 340,000 | |
| County | : | Collier | Down | : | 340,000 | |
| State/Prov | : | Florida | Disc Earn | : | 139,089 | |
| Country | : | USA | Sales | : | 489,028 |
|
**REDUCED PRICE** A local leader in managed IT, Network Design & Deployment and many other services that local businesses rely on for their daily operations. Founded in 2016 with the intention to service SWFL, sellers realized that IT service companies only care about THEIR bottom line and not the customers. Consistent growth of 15%-20% has been happening every year since inception. Majority of their business comes from word of mouth, very little marketing spent which provides oppourtunity for a buyer. Approximately 90% of their business comes from service/labor and parts. The businesses main goal is to deliver quality customer care while making the servicing process fast and easy for customers. They take great satisfaction from helping the SFWL community. |
| Reason for Sale | : | RETIRE |
| General Location | : | SWFL |
| Organization Type | : | 'LLC' Hours Owner Works: 30 |
| : | Years Established : 5 Years Owned: 5 Emp FT: 3 Emp PT: 2 Mgrs: 1 | |
| Non Compete | : | Miles: 250 Years: 5 Weeks Training: 4 Cost: 0 |
| Operating dys/hrs | : | M-F 9am-5pm with on call weekends |
| Skills/Licenses | : | none |
| Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: N |
| Data Source | Tax Return | Tax Return | Tax Return | ||
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | ||
| Gross Revenue | 417,795 | 440,911 | 386,418 | ||
| Cost of Goods | 192,805 | 233,842 | 196,491 | ||
| Gross Profit | 224,990 | 207,069 | 189,927 | ||
| Expenses | 162,184 | 145,722 | 150,872 | ||
| Net | 62,806 | 61,347 | 39,055 | ||
| Owner Salary | 0 | 0 | 0 | ||
| Benefits | 2,495 | 2,170 | 1,900 | ||
| Interest Expense | 0 | 0 | 0 | ||
| Depreciation | 553 | 0 | 2,000 | ||
| 2nd Owners Salary | 41,841 | 41,841 | 34,482 | ||
| Discretionary Earnings | 107,695 | 105,358 | 77,437 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 5,000 | Y* | ___________ | 0 | N* |
| F F & E | 65,000 | Y* | Total Assets | 70,000 | Y* |
| Leasehold | 0 | N* | *Included? |
| Lease/Month: 459 | Square Footage: 100 | Building Type: Retail Office |
| Terms & Options: Negotiable | Expiration Date: 7/21/2023 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| JASON A. BROOKS | Office | : | (239) 849-9334 | |
| ASSOCIATE | Agent Direct | : | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | Cell | : | (239) 357-7073 |
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Jason Brooks
Background information
Reference:
48185
Reason selling:
Retire
Finance
Sales:
$489,028
Profits:
$139,089
Profit type:
Discretionary Earnings
Opportunities
Growth:
• Missing qualified technicians in the area, finding help • Summer Offseason is not used to grow accounts or find more
Market:
• Managed IT services locally • Better Pricing • Quality of services and relationships with customers
Price and terms
Price:
$340,000
Training:
Up to 4 weeks at $0 cost