Status: Sold
*UNDER CONTRACT* Managed IT Service Provider - Listing #: NAPFL001-N57
Asking Price:$1,600,000
Cash Flow:$448,263
Gross Revenue:$1,976,211
EBITDA:N/A
FF&E:$31,669
Inventory:$12,300*
Rent:$2,882 /Month
Established:2011
*included in asking price.
Business Description
*UNDER CONTRACT* This recession-proof managed IT Services Company has experienced at least 20-30% growth each year since it's inception in 2011. The Business provides remote management, Network Security, Recurring Software subscriptions, and hardware/PC sales and service. All Customers are B2B and on multi-year contracts. Management has developed a nationwide network of skilled labor that allows the team to sell products and provide services into most markets in the US. The COVID 19 virus is actually increasing their revenue now since secure video-conferencing is a key service offered.
Detailed Information
- Inventory:
- Included in asking price
- Real Estate:
- Leased
- Building SF:
- 2,130
- Lease Expiration:
- 2/28/2023
- Employees:
- 10
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- The office has 2130 SF that consists of a reception desk, several private offices and a conference room. The lease expires in 2023 and a new lease or extensions would be available if needed.
- Competition:
- There are several MSP’s in the area but none offer the scope of our 180+ locations. This along with our Sales and Marketing programs truly differentiates us from the competition. We currently manage customers across the country through our own network and leverage enterprise partnerships that result in reduced COGS.
- Growth & Expansion:
- Currently, there is no sales team in place. The owner just fields inbound inquiries as they come in from referrals and marketing efforts. Adding dedicated sales people and offering additional services would provide excellent opportunities for growth.
- Support & Training:
- The owner will provide thirty days of transitional training and would be available for a longer period of time on a paid consulting basis.
- Reason for Selling:
- Owner adhering to his original plan to exit the business in 10 years or less.