IT Support w/ 120K/month in RMR

Boston, MA
Suffolk County


Asking Price: Annual Revenue:
$2,490,000 $4,882,500

Technology: Business Services (B2B)


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RE: IT Support w/ 120K/month in RMR Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,490,000 15% Buyer Down Payment: $373,500 15% Seller Financing: $373,500 70% Bank Loan: $1,743,000 A 15% down payment of $373,500 returns $326,497 in the first year after debt payments!

Quick Facts

Asking Price: $2,490,000
Annual Revenue: $4,882,500
Net Profit: Not Disclosed
Cash Flow: $684,921
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 11
BBN Listing #: 285834398
Broker Reference #: IT013

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Business Overview:

Owner does not have billable hours- oversight only! Located in Boston, this full-service IT support company offers a one-stop shop for commercial technology customers. Services include desktop support, backups to the cloud, security services, compliance assistance including HIPPA, and product sales. Additional options include consulting, repairs, and emergency assistance. Customers include commercial businesses as well as governmental agencies.

Established in 1985, this 2,200 square foot office is fully-equipped to continue operations and features a reception area, private offices, and a conference room. The team consists of two sales representatives, two administrative supports staff, and seven service technicians. The owner currently focuses on oversight and company culture, while the staff completes all billable hours. Work is completed in the office as well as on-site at the customer’s location.

Business has been growing, but additional revenue could be earned by engaging in local advertising efforts, expanding the team to increase capacity, and considering the hiring of 1099 contractors.

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Property Features and Assets:

2,200 square feet: Reception, private offices, conference room.

Market Competition and Expansion:

Expand team to increase capacity, advertise, engage on social media, market one-stop-shop feature, diversify employees i.e. 1099.

Reason for Selling:

Retirement

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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