Network, Servers And MSP Business With Multi-Year
Salt Lake City, UT Salt Lake County
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- RE: Network, Servers And MSP Business With Multi-Year
- Contact: Jared Olson
Quick Facts
| Asking Price: | $1,075,000 | |
| Annual Revenue: | $691,514 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $315,063 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 3 | |
| BBN Listing #: | 435734398 | |
| Broker Reference #: | TEC014-G |
Business Overview:
In 2023, the firm has renewed their 3-year contracts with their larger clients for the third time! Providing IT and Network Management, security & visualization software, backup servers and Network Infrastructure to corporations and banks since 2015. The owner is selling because he would like to join a larger firm via acquisition; and he has offered a 3 year transition plus is willing to finance 15%. This demonstrates the good faith vested interest in the continued success of the business plus mitigates any risk to the buyer. The revenue breakout is as follows: SaaS - 31%, Service/Project/Labor - 45%, Software and Hardware - 24%. About 80% of the client base is in the Greater Salt Lake region with the other 20% being national. The company utilizes specialized software, such as Datto RMM, Datto, BCDR, Autotask PSA, Auvik, Lionguard Scale Computing, DataCore, Windows, Citrix Apps, Citrix Hypervisor, Citrix ADC, and Sophos Central Endpoint.
Priced at $1,075,000, a 10% down payment of $107,500 returns $151,845 in the first year after debt payments – a 141% return on investment! Producing a 46% profit margin and year over year top line growth for 5 years since 2018 with a solid customer base intact and an abundance of documentation on each client, a transition would be seamless for an already existing IT management company that is looking to grow the own client list and revenue.
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Property Features and Assets:
Lease: Business is run from owner’s home office or onsite at client’s office; no commercial space needed keeping profit margin high.
Market Competition and Expansion:
Growth Opportunities: Increase client base; excellent opportunity for existing IT Management company.
Reason for Selling:
Desire to join larger firm via acquisition.
Additional Details:
- The property is Leased.
- 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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