NOT DISCLOSED, California
| Asking Price |
$16,500,000 |
Year Established |
2013 |
|
| Annual Revenue |
$10,048,237 |
Reason for Selling |
Retirement Planning |
|
| Annual P/L |
$0 |
Attention |
Lincoln Taylor |
|
| Annual Cash Flow |
$1,900,000 |
Listing Number |
1001208 |
|
| # of Employees |
|
Business Category |
Technology: Business Services (B2B) |
|
Business Overview:
This IT services firm has been serving state and local public entities in California through a number of contract vehicles for over 10 years.
Services provided include Cyber Security, Cloud Solutions, Project Management, IT Staffing and Software Development. With four contract vehicles including TDDC MSA for IT at Tier 3 with a $5M project limit, they are able to win and manage large multi-year projects. They also have many software reseller agreements and can provide a complete client solution through the CA SLP program.
They maintain a relatively small W2 employee staff of management, technical and administrative professionals and utilize a broader staff of contractors which enables them to best serve their client’s needs and remain flexible to market dynamics.
Property Features and Assets:
<p>They sublease 1,000 square feet of space. About half of the employee staff regularly work at this location. The remaining staff typically work remotely.<br></p>
Market Competition and Expansion:
<p>Competition:</p><p>The company has deep relationships with state and local entities and their contract vehicles ensure continued new opportunities.</p><p>Potential Growth:</p><p>There are tremendous growth opportunities to expand within the state. This company is serving a relatively small numbers of state and local entities and their contract vehicles provide opportunity to expand these greatly.</p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity