Business Overview:
The Business for sale is an established and rapidly growing Microsoft Gold Certified Partner that provides training, certified IT consulting and outsourcing to medium and large companies. The company has developed a unique strategic operating platform. Revenue has surged from $2.6 million in 2007 to nearly $13 million in 2010. EBITDA(Earnings Before Interest, Taxes and Depreciation, Depletion and Amortization) has increased from $98,000 in 2007 to $1.28 million in 2010. EBITDA is projected near $2.1 million in 2011 on revenue of $21 million. The company has received numerous awards and ranks high on various lists recognizing rapidly growing companies. Examples include:
• Ranked in major business journal’s list of “Top Employers of Software Professionals”
• Recognized by a major newspaper as one of the top workplaces in the metro area
• Listed as an include 500 fastest growing businesses in the United States.
Unique strategic model reduces labor costs by at least 40 percent of industry average and can be easily replicated to achieve growth beyond projections. Experienced management team with a proven performance record of establishing and growing technology businesses. Diverse target markets, including retail distributors, transportation companies, health care providers, software developers and many others, mitigates negative impact of economic cycles. Cohesive service platform enables cross-selling and maximization of each client’s revenue potential. Billable staff members have an average of nearly 15 years of experience and almost all are experienced in leading projects ranging from small engagements to those with budgets exceeding $50 million.
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Property Features and Assets:
Operates from two facilities: The company headquarters in a major city and a new, state-of-the-art development center. Headquarters comprises 10,000 square feet of premium office space. The offices are adequate to support the Company’s projected future growth. The company opened its first development facility on January 1, 2009 and is fully equipped with the latest technology. The facility was designed as a place where development teams can work with the latest technology and have room for meetings and ideas through exchange. Projects are staffed with talented and competent recent university graduates while enjoying labor costs that are at least 40 percent lower than those of more experienced consultants.
Market Competition and Expansion:
Company expects to continue to capitalize on its excellent industry reputation. Current management believes that it is well positioned to achieve significant growth in the years immediately ahead. Revenue over the proforma period is projected to increase from $12.80 million in 2010 to $50 million in 2014. Projected revenue growth is based on current market conditions as well as growth strategies that management has already begun to implement. Growth will come from a combination of continued organic growth combined with national expansion.
Reason for Selling:
Diversification of owners’ personal financial inte
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: