IT Services to Small Companie
Location: Illinois > Chicago Market Area
Industry: Technology > Application Service Providers
Financials
Asking Price: $500,000
Gross Revenue: $1,086,000
Gross Revenue Comments: 2009P year end March 31st.
Cash Flow: $250,000
Cash Flow Comments: SDCF to buyer platform
Inventory: $11,000 (Included in Asking Price)
FF&E: $15,000 (Included in Asking Price)
Seller Financing: 150,000 Seller financing
Business Summary
Company is a total solutions company, supporting small businesses. They assist clients wishing to outsource their network IT departments and help evaluate IT needs and resources, focusing on hardware, software implementation, and support. They have a very good client base. Their client base is well diversified from distribution companies, manufactures, contractors, non-profit, sales/marketing companies and law firms (all located throughout the North suburbs of Chicago, Illinois). They offer Microsoft solution products and a certified partner program, based on company skills and customer satisfaction. They are also certified partners of Microsoft.
About the Business
Year Established: 1990
Employees: 7 full time - 1 part time
Relocatable: Yes
Facilities: Seller owns facility and can be leased if buyer so chooses.
Market Outlook and Competition: Opportunities for growth exist by increasing sales territory and increasing opportunities for equipment and software sales and other support. They have a very good, long term, stable client base. There is a new cycle coming in 2008, which means most of their existing clients will be in the market to upgrade their hardware and software to newer technology (the Microsoft new generation IT innovation cycle). They have at present, a 38% margin on equipment sales and a 70% margin on labor.
About the Sale
Management Training and Support: Purchase price $500,000, seller financing $150,000, includes $60,000 in assets, more information available in memorandum. The recast is based on cash retained within the new structure of an existing platform company.
Reason For Selling: Seller has been approached with another opportunity and wishes to exit the IT industry
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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