IT Staffing Firm with Offshore Consultants

Seller Financing Available

This is IT staffing firm has 33 consultants on staff, 12 of
which are US based and 21 are offshore in New Delhi,
India. The consultant’s scope of work includes software
development, information management and
documentation systems, plus software analysis and testing
for clients in the industries of transportation, medical, and
financial. The aging owner is willing to stay on and
transition for 1 year, he has also offered to financing 15%
of the purchase price plus roll equity of 15% to show his
commitment to the success of the future owner. The owner
works no more than 2-3 hours per week and there is no
physical office space as all contractors are 100% remote
making this business highly profitable with no overhead.
The cash flow is over $770,000 and is on a 4-year growth
trend, the clients are 100% repeat and the average tenure
of the client is over 15 years.
Priced at $2,250,000, with its established reputation and
track record, this business is well-positioned for an
acquisition. A 10% down payment of $225,000 returns
$398,172 in the first year after debt payments! There is no
special license or designation required to operate this
business. Looking at future growth opportunities, this
business could benefit from hiring a business development
or marketing person to expand its client list as there is no
growth strategy currently being performed. Additionally, a
new owner could sponsor visas for the off-shore
consultants.