IT Staffing Firm With Offshore Consultants

Business Overview:

This is IT staffing firm has 33 consultants on staff, 12 of which are US based and 21 are offshore in New Delhi, India. The consultant’s scope of work includes software development, information management and documentation systems, plus software analysis and testing for clients in the industries of transportation, medical, and financial. The aging owner is willing to stay on and transition for 1 year, he has also offered to financing 15% of the purchase price plus roll equity of 15% to show his commitment to the success of the future owner. The owner works no more than 2-3 hours per week and there is no physical office space as all contractors are 100% remote making this business highly profitable with no overhead. The cash flow is over $770,000 and is on a 4-year growth trend, the clients are 100% repeat and the average tenure of the client is over 15 years. Priced at $2,250,000, with its established reputation and track record, this business is well-positioned for an acquisition. A 10% down payment of $225,000 returns $398,172 in the first year after debt payments! There is no special license or designation required to operate this business. 

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Property Features and Assets:

100% remote with no physical office space – little to no overhead!

Market Competition and Expansion:

 There is no one in sales or business development. Also, a new owner could sponsor Visas.

Reason for Selling:

Retirement

Additional Details:

Documents:

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