Managed IT Services with 125 Recurring Clients

Richmond, VA
Henrico County

Asking Price: Annual Revenue:
$1,200,000 $1,216,409

Technology: Business Services (B2B)

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RE: Managed IT Services with 125 Recurring Clients Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,200,000 12.5% Buyer Down Payment: $150,000 12.5% Seller Financing: $150,000 75% Bank Loan: $900,000 A 12.5% down payment of $150,000 returns $109,830 in the first year after debt payments!

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,216,409
Net Profit: Not Disclosed
Cash Flow: $285,318
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 33 years
Employees: 8
BBN Listing #: 21434398
Broker Reference #: TEC010

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Business Overview:

This IT business has 125 monthly recurring clients! In the business for over 30 years, this full-service IT company has consistent year-over-year sales of over $1M. The highly skilled and cross-trained team of employees offers a wide array of products and services to their loyal customer base. Emergency technology repairs, monthly maintenance, hosting services, new installations, consulting, data recovery, remote support, upgrades, and security support are among their long list of services, making them a “one-stop shop” in the IT industry. They also custom-design products such as firewalls and internet monitoring devices to assist in their clients’ ever-growing technology needs. There is $569,000 worth of assets in the purchase price, including computer equipment, office furniture and fixtures, and software. A 12.5% down payment of $150,000 returns $109,830 in the first year after debt payments!

The company works out of a 2,500 square-foot office space that includes offices, an open-plan work environment that allows for collaboration, a work room, bathrooms, and a breakroom. They currently have about 50 contract clients and 75 customers that call as needed.

Service is mainly concentrated in central Virginia, but there are out-of-state clients, with the potential to expand. Most work can be handled remotely and requires minimal travel to the office. Hiring sales staff and expanding the clientele base to restaurants or retail establishments would be an exponential growth opportunity.

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Property Features and Assets:

Assets Included in Purchase*: $569,944+ Equipment: Computer equipment: $42,642; Office Furniture & Fixtures: $6,831; Software: $12,565; plus, data recovery system, multiple servers Cloud Server Income: $30,808 Contract Service Revenue: $170,004 Contracted Staff Income: $172,079 Data Center Income: $52,587 Remote Support Revenue: $82,428 *amounts may vary

Market Competition and Expansion:

Growth Opportunities: Increase marketing, hire sales staff, expand clientele base.

Reason for Selling:

Strategic retirement planning.

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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