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Profitable Technology IT Support Service Business for Sale

Saint Louis County, MO

Profitable Technology IT Support Service Business  for Sale
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Asking Price: $1,800,000

Cash Flow: $469,687

Gross Revenue: $1,700,000

EBITDA: N/A

FF&E: $5,000

Inventory: $500

Rent: $2,100 /Month

Established: 2005

Profitable Technology IT Support Service Business for Sale

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Business Description

Partial Absentee Niche public-sector business long-standing contracts

Note: Financials and asking price update 8-30-2019 to reflect all add-backs and seller's discretionary earnings.

Opportunity to acquire an outstanding business with a strong reputation in it's specific public sector niche. Approximately 85% of revenue comes from public sector contracts, with the balance of revenue coming from B2B and some residential managed services. Company had once provided retail services but this has been phased out in favor of managed service agreements for the smaller clients and residential customers.

Owner is partial absentee, spending approximately 10-20 hours per week on this business.

This business has been built steadily since 2005, starting with just the owner. It has grown into an outstanding business with a strong structure with senior managers in place. Largest clients have been with the business for 9-10 years, with one client with the company since 2005.

Company focuses almost completely on services, not reselling hardware or software very frequently. They provide full on-site technology leadership and support services for their clients, complimented by managed services, network administration, etc.

This is a rock solid company that could use the infusion of some energy and potentially strategic skills (such as a robust help desk) to continue to grow and thrive.

3-year avg. SDE: $469,687 (including YTD Run-rate through August 2019)

Detailed Information

Location:
Saint Louis County, MO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
2/29/2020
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Rent an office in Southwest St. Louis County, but it is not necessary. Office is only used by one or two team members who usual work from home. Lease ends in February of 2020.
Competition:
The B2B side of the managed services is a highly competitive market, which has been difficult for the company to penetrate. The company is well respected and known throughout the State for the public sector work they do, and there are only a couple of other companies in the Midwest which compete against them in that space. (more specifics with a signed NDA)
Growth & Expansion:
A company with strong B2B and a more robust Managed Services practice could acquire this company and really take it to the next level.
Financing:
Not in a position to provide seller financing
Support & Training:
Owner willing to stay on temporarily, or potentially part-time for a longer time.
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Business Listed By:
Business Owner

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