Business Type: Managed Service Provider, Government related
Business Description: The company is a managed service provider offering IT solutions for government agencies throughout it’s home state. It is the leading IT provider of integrating and optimizing IT solutions to minimize network security threats and maximize efficiency, as well as providing full-service IT support and customized solutions.
Real Estate: Rented 6000 sq. ft. facility
Asking Price: TBD
Gross Income: 2019 – $8.1M
EBITDA: 2019 – $481K, Projected 2020 – $750K
Employees: Currently 41 employees
Competition: Disclosed in CIM
Growth & Expansion: Business has grown 20% the last several years and is continuing to grow. Year 2019 there was a 40% growth. They are in process of raising rates. They have not lost any revenues during the coronavirus. You can expand in other territories.
Owner Involvement: Full time day to day operations. Willing to continue to stay involved.
Support & Training: The company has employees that work directly with customers along with the owner, so transition will be smooth. Owner is willing to stay as long as needed for training or continue with the company.
Reason for Selling: Personal and is willing to stay with the business and contribute to growth.
Seller Financing Available: Yes
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