Owner Financing is Available
Business Overview:
IT Services Company has customers under contract for recurring monthly IT services revenue. Seller is selling the "carved out" IT services portion of the business (recurring plus project work), not the whole business. Seller is keeping software development part of business and all overhead. Seller is highly motivated to sell this part of his business to allow him to concentrate on software development/sales. Sale can include recurring hosting services (exchange, web, applications) as well. Customers spread across multiple industries. One employee can come with the sale and customers like this person. Seller will still "be around" as most clients have seller's software so buyer's potential to keep all the customers is highly probable. All installations have standard implementation so intellectual property related to this methodology comes with the package. The buyer needs to already be in the IT Services industry providing high-quality, strategic IT services. In general, this can be a growth via acquisition play for an existing Houston company of a "profitable startup" for a non-Houston company desiring to move into the dynamic Houston market. The SBE/cash flow at the stated revenue level is accurate as an add-on to an existing IT Services company. Seller's partner network that sells software will refer new IT Services business to buyer. As a strategic move, buyer may want to become a partner of selling company as the market is exploding for this software ($150 billion industry growing at 40% per year). If buyer becomes partner, buyer will get new business in 2 ways. First, other partners will refer IT Services to buyer (7 partner businesses now and growing) representing some significant growth opportunity. Second, doing software/process implementations/rollouts of seller's software to new clients will put buyer's personnel inside companies allowing buyer to "take over" IT service work from whatever company is providing those services. Buyer will also take over IT support for Seller's company. This is a significant strategic opportunity for the buyer! Sunbelt believes that the business will sell quickly for two reasons: 1)Seller's high motivation as demonstrated by well-below-market selling price and 2) Significant IT Services referral business to buyer. For more information, contact Karl Kennard at 281-440-5153 today.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
To move full time into software development part of the business being retained.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.