Information Technology

Not Disclosed, IL

Asking Price: Annual Revenue:
$450,000 $498,436

Services: Communication, Media, Technology

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RE: Information Technology Broker: Terry Flanagan

Quick Facts

Asking Price: $450,000
Annual Revenue: $498,436
Net Profit: Not Disclosed
Cash Flow: $164,205
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 3
BBN Listing #: 12384955
Broker Reference #: 4202-16038

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Business Overview:

This company is a multi-service IT firm catering to the local small business sector. In many cases, the company is the IT department for the businesses. Revenue increases have been driven as a result of moving clients away from a break/fix model to that of a managed service provider.

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Property Features and Assets:

The 1,500 square foot office is located in a suburban office area. The advantage of this location is proximity to the primary customer base. Monthly lease rate is $1,339 with a modified gross lease extending through May 2022. There is an option to extend the lease to 2025. Assets= $16,597

Market Competition and Expansion:

IT consulting is a competitive field where expertise, timely service and attention to client needs is paramount to success. The company maintains and acquires new clients through a quick response to understand and resolve client needs. Opportunities for growth include migrating existing clients to a monthly service model. Additional opportunities exist in building a website and expanded networking with the business community through local Chambers of Commerce, business groups and professional associations.

Reason for Selling:

Owner would like 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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