Salt Lake City Area IT Company with 42% Profit

Not Disclosed, UT
Salt Lake County

Asking Price: Annual Revenue:
$910,000 $533,287

Services: Computer, Internet, Technology Repair & Services

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RE: Salt Lake City Area IT Company with 42% Profit Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $910,000 10% Buyer Down Payment $91,000 20% Seller Financing $182,000 70% Bank Loan $637,000 A 10% down payment of $91,000 returns $139,766 in the first year after debt payments!

Quick Facts

Asking Price: $910,000
Annual Revenue: $533,287
Net Profit: Not Disclosed
Cash Flow: $326,819
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 3
BBN Listing #: 766434398
Broker Reference #: TEC014

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Business Overview:

This highly profitable IT company only requires two employees on staff to run smoothly! A buyer would expect to see a 154% return on investment in the first year. Along with providing network infrastructure services, this company also provides the necessary equipment and software their clients need: servers, storage, workstations, security software, virtualization software, etc. Services include firewall implementation & management, endpoint security, ransomware protection, data protection, disaster recovery, business continuity, instant virtualization, and proactive endpoint monitoring and management. The company utilizes specialized software, such as Datto RMM, Datto, BCDR, Autotask PSA, Auvik, Lionguard Scale Computing, DataCore, Windows, Citrix Apps, Citrix Hypervisor, Citrix ADC, and Sophos Central Endpoint. The company boasts high profit margins and has seen year-over-year growth in sales since 2018. In 2020, sales of goods and SaaS accounted for 41% of business while human labor services accounted for 59%.

The owner handles the day-to-day operations, while the two part-time 1099 employees assist with technology health checks, running weekly & monthly reports for clients, adding content to the website, and helping with quotes. The business is run from a home office or on site at client locations; no commercial office space is needed.

Priced at $910,000, a 10% down payment of $91,000 returns $139,766 in the first year after debt payments – a 154% return on investment! With a solid customer base intact and an abundance of documentation on each client, a transition would be seamless for an already existing IT management company that is looking to grow the own client list and revenue.

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Property Features and Assets:

Business is run from owner’s home office; no commercial space needed.

Market Competition and Expansion:

Growth Opportunities: Increase client base; excellent opportunity for existing IT Management company.

Reason for Selling:

Pursuing other business interests.

Additional Details:

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

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