Top Digital Agency / Over $1M in Recurring Rev / Southeast

Mid South

Top Digital Agency / Over $1M in Recurring Rev / Southeast
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Asking Price: $3,300,000

Cash Flow: $810,000

Gross Revenue: $1,570,000

EBITDA: $810,000

FF&E: $30,000

Inventory: $25,000*

Rent: $2.90 /Month

Established: 2008

*not included in asking price.

Top Digital Agency / Over $1M in Recurring Rev / Southeast

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Business Description

Will sell fast, great team, lots of customers and $100k a month in rec

**** . THERE IS A CURRENT LOI ON THIS BUSINESS . *****

Top Digital Agency providing web design, marketing, ongoing services in the Southeast.

Established 10yrs with great references, great team and steady cash flow. Over $1m in recurring revenue. Business growth is great since the recurring revenue compounds each month so the business continues to grow steadily.

This business is a gold mine and won’t last. Ken’s decision to sell has not come lightly and has presented a rare opportunity. The business was valued at $2.9M two years ago and the net returns have grown since then. Also, the business did qualify for SBA and was vetted via their due diligence.

• Web Design, Digital Marketing and Hosting Services
• No customer is larger than 6% of the business revenue (amazing distribution of clients)
• Almost all payments made via CC so very little AR (auto payments)
• $95k of recurring revenue billed each month and grows monthly (over $1M rev monthly billing)
• Recurring revenue is under a long term auto renewing contract (security in cashflow)
• $110k of sold contracts in process but not billed yet
• $20k of new recurring revenue not yet installed ($240k of new rev guaranteed)
• There is a large sales funnel of new opportunities
• Owner net benefit this year is close to $800k and will exceed $900k next year
• The business is SBA qualified
• The books are certified and reconciled with a CPA monthly

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nice 3,000 sqft recently renovated office in A class building.
Competition:
Top competitor in the marketplace. Big brands. Google partner status.
Growth & Expansion:
Further push marketing and lead generation will drive new sales and growth. Expand into local cities.
Support & Training:
Owner will provide transition and training assistance for 30 days.
Reason for Selling:
Owner moving focus on other business and willing to sell.
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Business Listed By:
business Owner

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