B2B Tech Service Business with IT Staffing

Omaha, NE


Asking Price: Annual Revenue:
$9,100,000 $6,007,046

Technology: Business Services (B2B)


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RE: B2B Tech Service Business with IT Staffing Broker: Seller of Business

Quick Facts

Asking Price: $9,100,000
Annual Revenue: $6,007,046
Net Profit: Not Disclosed
Cash Flow: $2,125,615
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 44
BBN Listing #: 930834398
Broker Reference #: TEC017-A

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Business Overview:

This technology service business has a skilled staff with enough leadership in place to absorb the current owner’s responsibilities! The team consists of 2 Full Time sales associates, 2 Full Time and 1 Part Time software engineers, and 2 Full Time office administrators. They offer IT services for any problems that owners could have. Thanks to the convergence of two businesses (under the same ownership) this company is able to offer both staffing and tech services. Technology includes: server architecture and design, Microsoft office 360, system backups, VOIP solutions, network design, dedicated environments, platform hosting, shared servers, and 24/7 monitoring/ crisis control services which makes up 70% of revenue. Staffing services include both consulting and FTE which make up 30%. They have had clients all over the world in the past, and still have the capacity to do so, but currently their client base is primarily based in Omaha and Lincoln NE. Clients include small-medium sized businesses in the IT division of which is 55% reoccurring clients the staffing side primarily works with Fortune 100 companies. The current owner handles general oversite and assists his teams, but either the lead sales representative or the lead engineer could easily absorb his responsibilities.

The team operates out of a 5,500 square feet office space in Omaha, NE. The current owner is transitioning his focus to another (non-competing) business venture and has offered a 6-month transition period. Growth opportunities for this business could include expanding into a tech help desk service or expanding the customer base outside of Eastern Nebraska.

Priced at $9,100,000 this business with an excellent reputation for never losing a client while doubling revenue the past 3 years. A down payment of $1,365,000 is poised to deliver a cash flow of $6.4M! New ownership has countless possibilities for further growth, or the chance to relax and enjoy the current organic growth path the team is on as 2022 is set to be their best year yet!

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Market Competition and Expansion:

Growth Opportunities: Expanding into a tech help desk service, geographically expand customer base.

Reason for Selling:

Serial Entrepreneur looking to fund next business.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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