Profitable Dallas Area IT Company

Dallas, TX

Seller Financing Available

listing image
Sale Pending
Asking Price:$3,500,000
Gross Revenue:$2,609,109
Rent:$4,500
FF&E:$423,368
Cash Flow:$651,748
Inventory:$25,000
EBITDA:$501,748
Established Year:2002
BUSINESS DESCRIPTION

N Texas IT Cabling Contractor

We are pleased to offer for sale, this well-established, twenty-two-year-old family owned and operated North Texas IT Integrator services company, who specializes in integrating voice and data structured cabling systems, fiber optic cabling, paging, audio/visual cabling & equipment, indoor/outdoor communication networks, industrial automation environments, outside plant applications, distributed antenna systems, and Wireless AP installations. While it is not an MSP, it has recurring revenues and was established by its husband-and-wife founders, in 2002. Approximately 85% of the company's revenues are from cabling and 15% is camera/AV related. Their stated mission is to provide their customers with the best service available in the industry, through their offerings of design, installation, and the maintenance of their network infrastructure.

While this company does not have a recurring revenue model, they do have recurring service contracts that generate approximately $1M-1.5M in recurring annual revenues. They empower their customers to effectively manage their networks, while boosting their performance levels, enhancing network efficiency, and productivity. They take a consultative approach to every project, by utilizing their deep expertise to propose innovative technology-based solutions that cater to the information transport needs of modern businesses.

Over the past four years, this company has generated solid revenues of between $3M and $4.5M, and cash flows of between of $499K to $1.1M. A large customer moved into the area, which caused a $2.2M spike in their 2021 revenues, before relocating out of the area, which caused their revenues to fall back to more traditional levels in Year 2022. This same client will be installing another lab or data center in the next year of two which is expected to again drive a considerable increase in the company’s revenues. Through August of 2024, the company is on linearity to achieve revenues of $2.8M and SDE of $697K. The list price includes accounts receivables valued at $453,034.

With a team of over 20 full-time, trained technicians and certified designers, and boasting a combined technical experience of more than 150 years, they have successfully served both small to large companies and organizations. Though the company is proud of its certifications, none of their revenues can be specifically tied to them holding the aforementioned designations.

This company is equipped to handle projects and provide 24-hour service across the entire state of Texas. Their capabilities range from simple cable drops to million-dollar fiber and copper solutions that are meticulously designed. Their commitment is rooted in the value that they provide to our customers. As the preferred single-source vendor, they utilize cutting-edge technology and prioritize quality workmanship to exceed expectations.

This business boasts strong books & records and it has been pre-qualified for SBA (Small Business Administration) financing by several of our preferred SBA lenders and qualified buyers would be required to make a down payment of only 10% for the business.


DETAILED INFORMATION
Location
Dallas, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,500
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business operates out of a 6,000 SF building, owned by the sellers, and the sales price includes furniture, fixtures, vehicles, trailers, and equipment (FFE), valued at their approximate fair market value of $423,368. All FFE, that will be included in the sale, is understood to be well maintained and is in good working order. The list price includes accounts receivables valued at $453,034.
Competition
This company is well positioned against its competitors and enjoys solid long term relationship with its loyal customers. They are very selective about the projects they pursue and they only pursue new projects that are high margin and are good fit for their technology and experience and they win about 75% of all new projects that they do opt to bid on.
Growth & Expansion
While this company already has a fairly diverse customer base, we believe that that are several growth opportunity.
Financing
Business is SBE qualified. Some seller financing possible.
Support & Training
The sellers are committed to remaining on board for as long as necessary to ensure the successful transition of the company to the buyer.
Reason for Selling
Sellers wish to retire from the business’ day to day operations but the husband
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Douglas
Batts
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Douglas Batts