Document Management Company for Sale in Northern Virginia

VA

Document Management Company for Sale in Northern Virginia
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Asking Price: $3,000,000

Cash Flow: $375,000

Gross Revenue: $2,100,000

EBITDA: N/A

FF&E: $100,000

Inventory: $20,000

Established: N/A

Document Management Company for Sale in Northern Virginia

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Business Description

Significant Upside For Proactive Sales-Oriented Buyer

Light & Raphael is pleased to offer for sale a well-respected, established scanning and document management company located in Northern Virginia.

There is a marquee client list that includes many long-time corporate customers including banks, credit unions, community colleges and universities, municipalities, associations and property management companies. All the customer base is ripe for cross-selling aftermarket products and services and the company enjoys a strong reputation with customers.

The business has averaged $2.5 million in annual revenues the past four years, with average gross profits of $1.1 million driven by recurring maintenance contracts and hardware and software sales. Significant upside exists for the proactive buyer who is sales and service oriented and a potential roll-up of smaller local and regional competitors is possible with this business as a solid platform for consolidation.

The business has been run internally as a boutique to optimize quality of life for the owner. The core staff is stable and can be reduced and/or redirected toward sales and service. Strong legacy relationships exist with vendors and service providers.

Detailed Information

Inventory:
Included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location is leased.
Growth & Expansion:
The Document Management Services (DMS) industry grew to $5.3 billion in 2018. The industry includes companies that provide commercial and government clients with outsourced records storage, document destruction services and digital conversion of paper-based records. Due to regulations mandating the retention of company records, operators in the Document Management Services industry benefit from sustained demand for document storage and increased information security regulation. Currently, more than 1,700 companies compete in the highly fragmented Document Management Services industry.
Support & Training:
Seller will provide support and training following the sale.
Reason for Selling:
Seller wishes to retire.
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Gavin Raphael

Business Listed By:
Gavin Raphael

Light & Raphael

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