Seller's Contact Information
- RE: Vertical MSP, >85% Client Retention
- Contact: Ashish Bhatt
Quick Facts
Asking Price: | $2,300,000 | |
Annual Revenue: | $1,356,605 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $464,854 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 705426891 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Full-service media storage solutions firm providing pre-configured hardware appliances and content archiving solutions to the broadcast and media & entertainment industry. The company provides end-to-end multimedia storage technology for digital preservation, empowering its clients’ assets to move seamlessly into disk, tape, and cloud storage from a single point of control.
The company has more than two decades of experience providing broadcasting and post-production companies the media storage solutions that fit their specific needs for data preservation, secure movement, and retention.
The company generated more than $1.3m in revenue in 2022 and has increased its seller discretionary earnings to $471,000 in 2022 vs $400,000 in 2021 (~20% increase). Recurring revenue is more than 65% of revenue. ~14% revenue generated from one client in 2022.
The company provides a unified storage infrastructure and platform for media assets / digital archives primarily to post-production, news broadcasting, and public broadcasting companies. Products include Media Archive System and Cloud Storage in a secure data center.
The company serves more than 200 clients nationwide, including top broadcast networks, and has an impressive 80% client retention rate. Clients are split 78% indirect sales via strategic partners and 22% indirect sales. Revenue generated from the top client was ~14% of total revenue in 2022.
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Reason for Selling:
Changing careers
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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