Record Digitizing and Cataloging

Charlotte, NC

Asking Price: Annual Revenue:
$725,000 $1,219,164

Services: Professional

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RE: Record Digitizing and Cataloging Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $725,000 12.5% Buyer Down Payment: $90,625 12.5% Seller Financing: $90,625 75% Bank Loan: $543,750 A 12.5% down payment of $90,625 returns $127,957 in the first year after debt payments! Bank loan could be 88% collateralized!

Quick Facts

Asking Price: $725,000
Annual Revenue: $1,219,164
Net Profit: Not Disclosed
Cash Flow: $291,627
Total Debt: Not Disclosed
FF&E: $527,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 18
BBN Listing #: 364634398
Broker Reference #: it014

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Business Overview:

On the cutting edge of technology, with over $250,000 in secured work, this company digitizes documents into an online searchable platform accurately, efficiently, and with excellent customer service. The business may return $127,957 in the first year and the loan could be 88% collateralized. Located in North Carolina, clients are within the state and disbursed throughout the Southeast United States. Customers include health care facilities, government agencies, financial institutions, non-profits, as well as general businesses. Anyone with paper documents they would like to preserve is a potential customer. In addition to scanning files, this business also hosts a searchable platform for clients during the transition process as well as server sales for companies looking to store files on-site. Assets ($480,000) include high-end scanners, printers, computers, advanced software, servers, and a knowledgeable team. The team of 15 prep staff, 5 scan staff, 1 indexer, administration and the Production Manager keep the tasks organized and efficiently completed.

In a populated area, this team works from a large, 10,000 sq. ft. building that features a reception area, four private offices, open work areas, a server room, and a 7,700 warehouse with rack and open storage. One vehicle will be included in the sale to facilitate the transportation of documents.

The owner manages the business day-to-day, taking the lead on business development, financial oversight, and developing a positive company culture. Growth can be found in expanding into new industries, increase software sales, and managing assets to maximize profitability. Willing to remain on staff as negotiated, the owner is prepared to drive sales and expansion.

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Property Features and Assets:

10,000 square feet: Reception, 4 offices, 2 open work areas, server room, 7,700 square feet warehouse with open and rack storage.

Market Competition and Expansion:

Expand into new industries, foster growth of automatic classification and extraction software sales, manage utilization and profitability

Reason for Selling:

Focus on non-competing ventures.

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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