Profitable Small Business IT Service and Support Company

Wake County, NC
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Asking Price:$335,000
Gross Revenue:$400,000
EBITDA:$35,000
Established Year:2003
Cash Flow:$140,000
Inventory:$5,000
FF&E:$10,000
BUSINESS DESCRIPTION

Company assists with network design and set up, system implementation, maintenance, education, problem solving, technology procurement, and website hosting and backup with a focus on small businesses serving but not restricted to commercial trades, legal, and financial companies. Revenues are derived from both recurring monthly contracts and services for "at will" clients. Recurring monthly revenues from approximately forty clients for service, cloud backup, and Microsoft subscriptions are approximately $11,000 per month. The company also provides services to approximately eighty "at will" clients annually. Revenue is very evenly distributed, with the top three clients accounting for less than 25% of total revenue and no one client accounting for more than 10%. Product sales and service each account for fifty percent of total Company revenue. The Company maintains a minimal amount of parts inventory to support client emergency needs. Product sales are supported by sourcing from three national distributors with a modest margin included in resale.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
Company competes with regional IT service companies to support small business. Managed service companies tend to support larger revenue customers.
Growth & Expansion
Additional staffing, expanding into manages services, more aggressive marketing.
Support & Training
Owner transition support is negotiable, up to a period of six months.
Reason for Selling
Retirement and competing family interests
Home-Based
This business is Home-Based
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Thomas
Arndt
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Thomas Arndt