Seller's Contact Information
- RE: IT Solutions Company
- Contact: Mike Keen
Quick Facts
| Asking Price: | $10,500,000 | |
| Annual Revenue: | $7,093,506 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,527,340 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1992 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 660164569 | |
| Broker Reference #: | ROANOVA001-52325 |
Business Overview:
This 30-year-old, family-owned, IT Solutions company provides an array of services to large, medium and small businesses. This company is an Oracle partner and provides expertise in all pillars of the PeopleSoft? application both Onsite and Onshore through their U.S. based PeopleSoft? Team. This business provides the opportunity to advance market share with its proprietary Low-Code Development Platform (LCDP). This emerging market is currently valued at USD 25BN with a compounded annual growth rate (CAGR) of 28%. This intellectual property has been specifically designed and utilized to rapidly build and deploy enterprise grade business applications offered in a SaaS subscription model with significantly fewer IT resources and talent. It has proven to significantly reduce project timelines from design to deployment by 70% or more over traditional IT software solution development. The company also provides Managed IT Services (VMS), Cloud Hosting (HaaS) (PaaS), VOIP, or an Enterprise Grade Software Solution (HGaaS). The business has become an acknowledged leader in the IT Solutions space and has experienced significant growth. They are quality driven, with a product development approach to problem solving to ensure success to every customer. There is considerable overlap of services with the client base, which results in recurring revenue of over $7M, with a cash flow of more than $1.5M. The asking price includes Intellectual Property, and FF&E. The business is housed in a modern office building with approximately 7,000 /- square feet and approximately 1.03 /- Acres that can be purchased for an additional price or can be leased.For more information on this listing, contact: Mike Keen at (540) 777-1585 or mkeen@sunbeltnetwork.comWe are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at mkeen@sunbeltnetwork.com or call us at (540) 777-1585 to discover the difference with Sunbelt Business Brokers of Roanoke & Lynchburg.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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