IT Consulting & Professional Services

South East

Seller Financing Available
IT Consulting & Professional Services
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $8,800,000

EBITDA: $837,000

FF&E: N/A

Inventory: N/A

Established: 2003

IT Consulting & Professional Services

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Business Description

Founded in 2003, the Company provides software consulting, development, and integration services to its large base of clientele. The Company applies the principles of continuous integration and test-driven development methodology to ensure that clients’ software initiatives are of the highest quality and will meet business needs precisely and as required. Services provided include SAP practice (5%), software design and programming (85%), IT infrastructure (3%), software QA consulting (5%), staff augmentation (2%), candidate services employer services (1%), and talent management (2%). In 2018, the client base of 58 individual accounts included: state and federal (18%) governments, insurance companies (12%), telecom companies (10%), and firms in banking and other markets (60%).

Detailed Information

Employees:
67
Facilities:
The Company has operated from its 1,200 square-foot office since 2003 and purchased it in 2015.
Competition:
Superior Name and Reputation: Founded in 2003, the Company has gained a reputation for IT consulting and staffing excellence in its 15+ years in business. Diversified Customer Base and Markets: The Company serves private sector clients across varied industry sectors as well as government clients. The top five customers in 2018 collectively contributed only 24% of total revenue. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Contracts and Awards: The Company was awarded a GSA Schedule 70 (IT) Contract in January 2017 and has received several state/state agency contracts, including some exclusive awards.
Growth & Expansion:
Strong Historical Sales Growth: Revenue grew at a 39.5% CAGR between 2016 and 2018. Only working capital constraints will temper continued double-digit growth in the near term. Favorable Outlook for Industry Growth: Revenue (in current dollars) for US computer and data processing services is forecast to grow at an annual compounded rate of 4% between 2019 and 2023 (data published: January 2019).
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(from currently available funds)
 
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Barry DeWitt

Business Listed By:
Barry DeWitt

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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