Business Summary:
In 2023, the firm has renewed their 3-year contracts withtheir larger clients for the third time! Providing IT andNetwork Management, security & visualization software,backup servers and Network Infrastructure to corporationsand banks since 2015. The owner is selling because hewould like to join a larger firm via acquisition; and he hasoffered a 3+ year transition plus is willing to finance 15%.This demonstrates the good faith vested interest in thecontinued success of the business plus mitigates any risk tothe 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 Lakeregion with the other 20% being national. The companyutilizes specialized software, such as Datto RMM, Datto,BCDR, Autotask PSA, Auvik, Lionguard Scale Computing,DataCore, Windows, Citrix Apps, Citrix Hypervisor, CitrixADC, and Sophos Central Endpoint.Priced at $1,075,000, a 10% down payment of $107,500returns $151,845 in the first year after debt payments – a141% return on investment! Producing a 46% profit marginand year over year top line growth for 5 years since 2018with a solid customer base intact and an abundance ofdocumentation on each client, a transition would beseamless for an already existing IT management companythat is looking to grow the own client list and revenue.
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