Document Management Company in Northern Virginia

Not Disclosed, VA

Northern Virginia

Asking Price: Annual Revenue:
$3,000,000 $2,100,000

Services: Business & Office Services

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RE: Document Management Company in Northern Virginia Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $3,000,000
Annual Revenue: $2,100,000
Net Profit: $375,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 359648609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer for sale a well-respected, established scanning and document management company located in Northern Virginia.

There is a marquee client list that includes many long-time corporate customers including banks, credit unions, community colleges and universities, municipalities, associations and property management companies. All the customer base is ripe for cross-selling aftermarket products and services and the company enjoys a strong reputation with customers.

The business has averaged $2.5 million in annual revenues the past four years, with average gross profits of $1.1 million driven by recurring maintenance contracts and hardware and software sales. Significant upside exists for the proactive buyer who is sales and service oriented and a potential roll-up of smaller local and regional competitors is possible with this business as a solid platform for consolidation.

The business has been run internally as a boutique to optimize quality of life for the owner. The core staff is stable and can be reduced and/or redirected toward sales and service. Strong legacy relationships exist with vendors and service providers.

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Property Features and Assets:

Location is leased in Northern Virginia

Market Competition and Expansion:

The Document Management Services (DMS) industry grew to $5.3 billion in 2018. The industry includes companies that provide commercial and government clients with outsourced records storage, document destruction services and digital conversion of paper-based records. Due to regulations mandating the retention of company records, operators in the Document Management Services industry benefit from sustained demand for document storage and increased information security regulation. Currently, more than 1,700 companies compete in the highly fragmented Document Management Services industry.

Reason for Selling:

Owner wishes to retire.

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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