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Managed Services IT Consulting Firm SoCal High $836k Net & $102k+ MRR!

Los Angeles, CA (Los Angeles County)

Seller Financing Available

Asking Price: $2,995,000

Gross Income: $2,592,000

Cash Flow: $836,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1999

Employees: 8

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Business Description

Managed Services IT Consulting Firm SoCal High $836k Net & $102k+ MRR!

Please dial extension 501 if you decide to call us on this opportunity at (800) 985-4939! Thanks!!

SBA pre-qualified subject to Buyer qualification in terms of experience and net worth with only $525,000.00 cash down and the resultant balance financed by the Seller if a full price offer is secured - get your initial down payment back within 9.5 months while the cash flow from the business retires the balance of the debt! Over 45 active clients under contract, with over $102,000 in monthly recurring revenue. From February 2012 to February 2014, this Company has experienced 80%+ growth in monthly annuity revenue. Year end target set by the Seller is in the range of $125k monthly. The entire team of 8 employees drive the Company's sales and technical initiatives and it is expected that all staff will remain after the sale. Currently focused in the Los Angeles area, this Company is prime for growth beyond if the Buyer's management team desires. The Company provides an end to end proactive support structure for small to medium sized businesses, with a market niche of 15 to 100 users as the target client. Range of services include server monitoring and support, help desk support, Virtual CIO guidance vendor management cloud computing hardware and software setup and relocation. You name it and they can do it. NDA is required for sales prospectus on file with Broker.

Detailed Information

Facilities:
2,000 square foot office premises, fully turnkey and built out ready for new management. Ideal situation for an out of state player looking for a California or specifically Southern California footprint...
Competition:
This Company's senior and engineering staff has the skills necessary to bid on and secure a vast array of consulting engagements.
Growth & Expansion:
Only active in Los Angeles area, so geographical expansion beyond the L.A. basin would be an ideal start to grow revenues.
Financing:
$300k Seller Financing $525k Down, Balance SBA Financing Subject to Buyer Qualifying
Support & Training:
8 weeks included with sale by CEO, the Seller can stay on board as a technical consultant as needed subject to mutually beneficial terms and conditions if required.
Reason for Selling:
Other business interests.

Listing Status for Premium Members

Ad#: 1064202

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Rick Carlson

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Rick Carlson

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