IT Managed Services Company In Richmond, VA
Richmond, VA Not Disclosed
Request More Information Contact the Seller
- RE: IT Managed Services Company In Richmond, VA
- Contact: Gavin Raphael
Quick Facts
| Asking Price: | $1,650,000 | |
| Annual Revenue: | $850,000 | |
| Net Profit: | $475,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $5,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 3 | |
| BBN Listing #: | 996672 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Light & Raphael is pleased to offer an IT managed services company for sale in Richmond, VA. The company provides services to the city of Richmond and the surrounding counties. The business is largely absentee-owned. It has implemented a revenue model where 80% of income comes from long-term service agreements.
The Company is an IT support and cloud solutions Managed Serviced Provider (MSP) for small and medium-sized businesses with a track record of over 25 years. The company offers a full stack of customized support IT services, including onsite and remote help desk support services, proactive monitoring and alerting of critical infrastructure, patch management, and vulnerability scanning of crucial infrastructure.
The employees are loyal and have all been at the firm for at least seven years. There are contracts in place with the various clients and they are typically one year in length and automatically renew each year unless cancelled. There is a loyal client base with six of the top ten customers in place for at least ten years and eight have been clients for at least five years.
For a buyer, this is an opportunity to acquire a truly turnkey operation—complete with a fully trained team, established client contracts, robust vendor relationships, and a respected brand name in the Richmond market. With a minimal learning curve, and immediate cash flow, Franklin offers the stability of a mature business with the growth potential of a well-positioned technology leader.
Contact the Seller:
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Property Features and Assets:
It is a home-based business.Â
Market Competition and Expansion:
The managed services market in North America is currently $108,024 million and is expected to reach a projected revenue of US$ 227,073.8 million by 2030. A compound annual growth rate of 13.4% is expected of North America managed services market from 2025 to 2030.
Reason for Selling:
Owner wishes to retire. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Virginia businesses for sale
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