Asking Price:

$660,000

Gross Income:

$790,000

Cash Flow:

$265,000

EBITDA:

N/A

FF&E:

$2,000.00 *

Inventory:

$0.00 **

Real Estate:

$0.00 **

Year Established:

1983

Employees:

3

Business Type:

Miscellaneous Services

** not included in the asking price

* included in the asking price

Business Description

A successful minority owned small international development firm seeks a home with a larger firm that would like to establish an international division. The company has 30 years of award winning work. For 25 years it was operated as a sole proprietor with the owner operated as a professional consultant. The company is in the management consulting business and has provided training, technical assistance, program design and other services to the US Government, World Bank, UN and other agencies that work in the field of internatiional development in over 60 countries world wide. Since 2002 the company has been an active subcontractor in six large USAID contracts that provides training and technical assistance on international development projects. The estimated revenue for 2011 are expected to approach $900,000. The company has no outstanding debt. A business manager handles daily administration and the company out sources bookkeeping, payroll, and benefit management. The company has three employees and a full benefits package. The company has a business plan, procedures manual, personnel manual and other documentation. The ideal purchaser would be a large firm with existing USG contracts with DOD, DOL or other agencies that is looking to expand into USAID or international work. The seller wants to retire but is willing to continue to serve as program advisor as needed for continuity.

Detailed Information

Facilities:

This is a home based business.

Competition:

Currently all of the company's business are sub-contracts with USAID prime contractors.

Growth/Expansion:

The company has been in business for 26 years and has an excellent reputation and therefore the buyer should not have any trouble expanding the business.

Financing:

Depending on the back ground of the buyer the seller might provide some

Support/Training:

Seller will provide the buyer with all necessary training.

Reason Selling:

Retirement