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This well-known IT Services & Solutions Provider (VAR) has provided expert business/technology solutions, products, and service support to the North Carolina region for over 20 years. The company has experienced significant revenue growth and enjoys high operating margins with documented profitability. The seller’s 3,200 SF leased facility is in a prime location with very attractive/flexible lease terms (virtual operation is also available).
The company enjoys a competitive advantage by leveraging a distinct “niche expertise and product solutions” to provide its diverse client base with exceptional customer service and fair pricing – significant recurring revenue contracts in place. It is projected that a new owner will obtain additional growth by expanding the direct sales efforts (into additional commercial contractual agreements) with a minimal personnel investment of $100k to $200k per year. The company projects a revenue growth rate under such premise of 20% to 30% per year.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 4.7x EBITDA (2022). A full valuation report is included in the prospectus. There is no debt to be assumed and the deal includes $200k in net working capital plus $50,000 in fixed assets. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner-operator will obtain almost $350k benefit in after-acquisition-debt cash flow or 65% ROI.
A comfortable six-months transition period will be provided by an owner who truly wants to continue to see the business flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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