Business For Sale

Chicago Department of Aviation IT Support Contract

Chicago, IL
Cook County


Asking Price: Annual Revenue:
$1,530,000 $591,212

Technology: Business Services (B2B)


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RE: Chicago Department of Aviation IT Support Contract Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,530,000 15% Buyer Down Payment: $229,500 15% Seller Financing: $229,500 70% Bank Loan: $1,071,000 A 15% down payment of $229,500 returns $176,968 in the first year after debt payments!

Quick Facts

Asking Price: $1,530,000
Annual Revenue: $591,212
Net Profit: Not Disclosed
Cash Flow: $416,060
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 3
BBN Listing #: 613934398
Broker Reference #: IT009

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Business Overview:

Providing excellent IT support as a subcontractor to the Chicago Department of Aviation, this business has an incredible 70% profit margin. With very low overhead, all work is completed on-site, so no office or the related expenses are needed. Employees for this company work at O’Hare International Airport, Midway International Airport, and a downtown office for the Chicago Department of Aviation. All locations are in the Chicago metropolitan area.

There are three separate contracts for three separate contractors for three separate services. Contract 1 has been earned for over 7 years and is a month-to-month contract. Contract 2 has been earned for 3 years and there are 2 years left on a 5-year contract with a possible 2-year extension. Contract 3 has been earned for over 12 years and there are 2 years left on a 5-year contract.

This business has been a provider to the Chicago Department of Aviation for over 13 years. Having weathered administration changes, they are an incumbent provider and have a deep knowledge of the systems and infrastructure used by their client as well as the distinct ability to focus on and address the detailed needs of this large and complex organization. The Chicago Department of Aviation has committed to spending 8.5B in the next 10 years at O’Hare and an additional 5B at Midway, ensuring that contracts for work will be available in the near future.

Services offered by this dynamic small business are desktop support, access management system support, and telephony support for desktop telephones. Two employees handle the access management support, while telephony support is handled by an as needed contractor.

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Property Features and Assets:

No office necessary!

Market Competition and Expansion:

Growth Opportunities: Increase contract amount or duties in next RFP, increase staff to take on additional contracts, grow with the technology into additional spaces.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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