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Asking Price:	Not Available
Business for Sale Industry:	Services: Communication, Technology
Reason for Selling:	Seller is burnt out.
Year Established:	1988
# of Employees:	15
Yearly Revenues:	$3,500,000
Yearly Cash Flow:	$201,000
Yearly EBITDA:	$131,000
Yearly Gross Income:	$1,200,000

Business for Sale Overview:

This is a full-service technology solutions company offering sales, service and support for technology needs such as networking, managed services, print and document management, security, and telephony. Located in the northern Connecticut/ western Massachusetts area, it is an authorized dealer for HP, Xerox, Lexmark and Okidata printers. With 342 active customers in 2007, the Company specializes in small to medium size companies as well as institutions of higher education, public and private schools, health care, and legal, accounting, insurance and real estate firms. In 2007 gross profits were almost $1.2 million with information technology (“IT”) services generating over $1.3 million in revenue and $721, 202 in gross profits. Most of the IT revenue was generated from prepaid contracts and managed service contracts which include 24/7 network monitoring. Revenue from its printer management division totaled $713,000 and after deducting the cost of printer parts, toner, and direct labor and benefits showed a gross profit of $238,577. Having added 359 printers under management in the first two months of 2008, this division is growing rapidly and management expects this channel of recurring revenue to increase by 12% in 2008. Hardware and software sales totaled $1,365,711 in 2007 but have been decreasing as the company focuses on increasing gross margins and the hardware market has become commoditized. Over twenty years of continued growth and profitability through several business and industry cycles, its diverse customer base as well as its recurring revenue make this company a very attractive acquisition candidate.

Property Features and Assets:

The current facilities are leased in an industrial zone. The office, repair shop, and warehouse occupy 13,780 square feet in a single story masonry building. The lease has a base rent of $5,684 per month.

Market Competition and Expansion:

There is little competition in the printer management market. The IT market is more competitive but both markets are expanding.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for 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.