Airport Based IT Support & Access Management

Chicago, IL
Cook County


Asking Price: Annual Revenue:
$920,000 $649,196

Technology: Business Services (B2B)


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RE: Airport Based IT Support & Access Management Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $920,000 10% Buyer Down Payment $92,000 15% Seller Financing or Equity $138,000 75% Bank Loan $690,000 A 10% down payment of $92,000 returns $167,775 in the first year after debt payments!

Quick Facts

Asking Price: $920,000
Annual Revenue: $649,196
Net Profit: Not Disclosed
Cash Flow: $235,125
Total Debt: Not Disclosed
FF&E: $29,700
Real Estate: Not Disclosed
Year Established: 2005
Employees: 4
BBN Listing #: 552234398
Broker Reference #: TEC009

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Business Overview:

This business provides excellent tech support as a subcontractor for Chicago Airports, and has very low overhead – all work is completed on-site, so no office or the related expenses are needed! They provide IT support, access management support, and telephony support under lengthy contracts. 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 in place since February 2020 and is up for renewal in 5 years. There are two technicians on this contract.
• Contract 2 has been in place for 6 years. It is serviced by two employees.
• Contract 3 has been in place for 14 years and will be extended in the fourth quarter of 2020. This contract does not require a full-time employee; the business dedicates one of the four full-time employees to place orders for equipment as needed.

This company was not impacted by Covid-19. In fact, their workload increased. This business has been a provider to the Chicago Department of Aviation for over 15 years. Having weathered administrative 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.

Priced at $920,000 this is a Midwestern company that is in a position to grow with the technology by increasing into additional spaces and also increase their contract sizes. The ROI will be 182.36% in the first year. Increasing staff to take on additional contracts would lead to continual growth of the company.

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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 not 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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