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Highly Profitable Managed IT Services Provider with 85% Recurring Revenue

Location: Northeast and Midwest USA

ID: (#200875)

200875
Price:$3,900,000
Revenue:$3,500,000
Cash Flow:$740,000
FF&E (Assets):$0
Inventory:$0
Real Estate:$0

Overview

Managed Information Technology (IT) service provider with long-standing customers and employees and over 85% recurring revenue. The company was established in 2002 and serves clients in Ohio, Pennsylvania and Indiana. The founder is committed to the success of the company and is willing to remain in a full-time or consulting role for an extended period

Highlights
- $3,500,000 revenue and $750,000 EBITDA projected in 2022
- 95% customer retention and 85% recurring contracted revenue
- Microsoft GOLD partner AND Microsoft Tier 1 Cloud Services Provider
- Products and Services include Cloud, Security, VoIP, Managed IT Services, Hardware, Software and Consulting.
- Managed Cloud Services is the largest revenue driver today and is the fastest growing segment.
- A new suite of high margin products and services are positioned to drive double digit growth for the next five years.

Details

Reason for Selling:

Planned Retirement

Established:

2002

Employees:

20

Facilities:

N/A

Inventory:

Computer equipment and software.

Competition:

The company has delivered exceptional service and has built a strong reputation during the past 20 years. This has translated into high customer and employee retention.

Opportunities for Growth:

Newly launched products and services and geographic expansion are expected to drive the next phase of growth.

Support and Training

The owner is willing to remain in a full-time or consulting role and will support a reasonable transition of the business.

Broker Contact Information

  • Mahen
  • Pennsylvania - Philadelphia
  • (484) 354-4274 Mobile
  • Appointment Only:
  • Pennsylvania - Philadelphia
  • By Appointment Only
  • 325 Chestnut Street, Suite 876
  • Philadelphia, Pennsylvania 19106
  • Real Estate Broker: