Business Summary:
With $240k in recurring monthly revenue and an average sale size of nearly $1.7M, this IT management company has been established in the Twin Cities area for nearly 30 years! Serving clients locally (75%), regionally (10%), and nationwide (15%), this business offers a variety of technology services & products. Services include technology lifecycle management, IT staffing, cloud solutions, data storage, data security & remote access, and web services; they also provide new & re-certified equipment from leading manufacturers, as well as sales, repair, maintenance, and installation of windows desktops and servers. A highly-skilled team of 39 employees consists of 6 in Operations, 4 in Admin, 10 in sales, and 19 in the service department. They cater to each customer’s specific needs for their company and implement customized IT solutions and services. Clients are in a variety of industries such as education, financial, healthcare, insurance, and manufacturing; of their 450+ clients, 288 of them purchase $1k or more per year, 122 of them purchase $10k or more, and 24 purchase $100k or more annually. 2021 is on track to be a record year for this business, as the remote workforce is now entrenched in the workplace – this business will see double digit growth for the foreseeable future. Based out of an 18k sq. ft. building, 9,000 sq. ft. is used for warehouse/production space, while 4,500 sq. ft. is office space; the remainder is rented by tenants. Assets include $161k of equipment – PC’s, notebooks, servers, SAN’s, network gear, warehouse equipment, and office furniture & fixtures. The current owner handles HR, Finance, AP, AR, policies & procedures, and contracts, and is willing to stay on board for 1-3 years to help grow the company. Priced at $4,480,000, this business already has a strong recurring client base, word-of-mouth referrals, and an extremely well-established name in the industry and the region. Marketing is the key to organizational growth; better SEO, email campaigns, lunch & learns, etc. would generate more client interest and boost revenue.
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