Business Overview:
CLOSING
Profitable Business Analytics for Financial Modeling and Project Management. Consulting – Software – Training. The company is a leader in business analytics with support for cost model development, cost estimating, budget support, project oversight, complex acquisition support and special financial studies.
Think of the company as the strategic partner to 'business owners' of large IT development projects and/or risk mitigation. It is not SaaS, nor does it have a significant recurring revenue stream. However, the margins are enormous, the barrier to entry extreme, repeatable revenue significant, and growth potential endless.
The company has developed benchmark data, models, and tools to support information technology cost modeling; acquisition cost and schedule modeling and benefit forecasting.
It legitimately boasts extensive experience in the area of financial management and budget support for large, complex government projects, especially in the taxation and social services domain..
It holds several Government Prime Contracts with GSA, US Navy, California, Colorado, and Washington. The client list includes some of the most well-known consulting and financial institutions; business technology consulting, engineering and management firms; and a host of government and state agencies.
The company has earned numerous accolades for work successfully delivered on-time, under budget and with very significant cost savings to clients managing complex and expensive development initiatives. In recent years, utility regulator support and IT project oversight has represented the bulk of the revenue.
The proprietary software tool is Excel based for modeling with decades of supporting data. The business and tool are highly process focused and standardized with written process documentation.
The company has been operating as a lifestyle business maximizing profitability rather than growth. It is home office based and can be operated from almost anywhere. Currently there are 6 employees (3 FT, 1 PT) and 6 contractors. Seller currently works about 20 hours per work on the business.
Seller will support a reasonable transition on a negotiated basis though it is time he moves toward retirement. On-going billable client support may also be offered. Recruitment has begun to put several key employees in place to replace seller functions over the next several months.
Revenue in 2022 $1.860M with EBITDA over $1.35M. SDE $1.5M with very low overhead. Current contract backlog is over $1.8M with another $1.4M of anticipated add-on’s for 2023. The business will transfer free of debt. SBA Pre-Approved with 20% down. Seller Financing up to $1M assuming no SBA. Asking $4,900,000.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
