Services - Computer & Software | Services - Educational Services

$Seller Financing Available

Asking Price	$1,800,000	Inventory
Gross Income	$7,194,804	Real Estate
Cash Flow	$653,789	Year Established	1974
FF&E	$82,900*	Employees	16

* included in the asking price

** not included in the asking price

Overview: This family-owned Technical Training Systems business was launched in 1974 by the founder and remains 100% family owned and operated. Since 2000, the company has evolved into a major full-service Audio-Visual Systems Integrator for Education and Training on the West Coast. In addition, the firm has recently added significant sales and installation support staff to handle increased project backlogs and potential clients. This industry is poised for continued growth through Federal, State and Local Specialized Funding in Educational Technology and is more resilient to the economic downturn due to this focus on upgrading Educational Tools at all levels. Appointment only by listing agent: Dan Chomko: 415.829.3620. The Ideal Buyer: Would be an existing technology reseller, an education solutions provider looking for complete coverage in California and Nevada, an audio-visual solutions provider, a company providing turnkey education classrooms to Corporate and Government Clients, or an Individual with strong general management skills. Numerous Affiliations: The Company has accumulated a long list of educational affiliations in California and Nevada and has strong credibility among School and Corporate educators. Headquarters is in a centrally located North Bay city with sales and support offices in Sacramento, Los Angeles, Santa Cruz, and Orange County, CA; and Reno, NV. Strong Client List: Chevron, U.S. Air Force, PG&E, DPR Construction, and multiple local school districts, colleges, and state and local agencies throughout California and Nevada. Area Served: Throughout California and Nevada, but could expand to neighboring states.

Facilities: An Education and Sales Facility. The Company Headquarters facility includes product support, demonstration facilities, and end-user training. Their services provide solutions for all levels of education including technical training, ranging from elementary school through higher education, as well as government and corporate clients. Headquarters location will be available on an attractive long-term lease.

Growth/Expansion: Owner s cash flow has grown 35% annually over the last three years. The company has a documented plan to grow sales revenue to $9.5 million in 2009 and $11.5 million in 2010. Established Leader: As a major provider of Interactive Whiteboards, the company predicts strong, double-digit growth in IWB sales and offers a complete unified classroom solution. The firm also provides multiple solutions for Engineering and Technical training systems in the form of specialized simulation equipment, software, curriculum and lab furniture.

Seller Financing Available: Yes

Financing: Owner will consider up to 20% of purchase price available for seller financing.

Support/Training: Seller is willing to work with the new owners to ensure a smooth transition with long-time suppliers. There is a non-compete clause in place.

Reason Selling: Owners are seeking the right buyer to take this company to the next level.