Well Positioned Managed Service Provider

Virginia

Seller Financing Available

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Asking Price:$3,950,000
Gross Revenue:$4,278,909
Cash Flow:$1,024,788
Established Year:2003
BUSINESS DESCRIPTION

Established and profitable Managed Service Provider (MSP) with substantial recurring revenue, long-standing customers, good margins, multiyear contracts, high client retention rate, and significant opportunities to scale business. Capabilities include hosting and multi-cloud management, managed full-service information security, application and website development, IT advisory and project management, identity and access management, compliance and governance, IT management, and support for scaling future growth. Experienced senior management team, highly regarded and acknowledged by clients, and leading advocate for diversity in the industry. Certified small business with government contracts, bid expertise, and partner for major prime contractors.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
21
Facilities
Facilities: Virtual company since pandemic.
Competition
Numerous competitors but few have attained the industry reputation, recognition, and rewards of this company which has established strong relationships with state government agencies, prime contractors, nonprofits, and commercial clients.
Growth & Expansion
Acquisition opportunity for small businesses in the MSP industry. Especially a minority-owned IT company, woman majority ownership, veteran-owned, disabled, or disadvantaged certificated company could benefit from the government contracts and connections, and the prime contractor partnerships for federal, state, and local government projects. The company's staff, structure, and service offerings are scalable for obtaining new government, nonprofit, and commercial customers and contracts.
Financing
Owner Financing Amount: $395,000.00
Support & Training
# of Weeks Seller Will Offer Training: 4
Reason for Selling
Other business interest
Home-Based
This business is Home-Based
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Russell
Fergusson
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Russell Fergusson