Business Overview:
This established, profitable, 8(a) government contracting business has a long history in the Washington D.C. area. The business focuses on IT services. Contracts include major federal government agencies. The business has a large customer base and a solid reputation in this sector. This business is very consistent, with a lengthy growth history. The business finished with $7.586 million in revenue and $1.515 million in Seller’s Discretionary Earnings (SDE), respectively in 2019. Due to some new, recently-won contracts, the business expects revenue to grow to $14.054 million in revenue and SDE of $2.537 million in 2020. This will be about 65% 8(a) and 35% non-8(a). The business and its brand could be scaled to different parts of the federal or local governments on a relatively inexpensive basis. The owner has also successfully built the team around the business, allowing the next owner to focus on strategy. The owner generally works 40 hours/week. The business has 5 years left in the 8(a) program.
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Property Features and Assets:
The business leases its facility. It is a small office space. The business could also be relocated to a different spot in the D.C. metro area without much difficulty.
Market Competition and Expansion:
Competition / Market Outlook: While there are others in the 8(a) government contracting industry, this business has a lengthy history of satisfied customers, quality service, and an outstanding reputation. The business occupies a strategic niche in this market segment.
Growth and Expansion: The current owner believes revenues could significantly increase in the next several years, if they were to pursue certain strategic avenues. Since the owner wants to move onto other businesses, this presents an opportunity for the next owner. The current owner has a solid support staff.
Reason for Selling:
The owner wishes to work on his other businesses.
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.
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