Jun 11, 2019 — Our firm is pleased to offer for sale a well-respected, established scanning and document management company located in Northern Virginia.
There is a marquee client list that includes many long-time corporate customers including banks, credit unions, community colleges and universities, municipalities, associations and property management companies. All the customer base is ripe for cross-selling aftermarket products and services and the company enjoys a strong reputation with customers.
The business has averaged $2.5 million in annual revenues the past four years, with average gross profits of $1.1 million driven by recurring maintenance contracts and hardware and software sales. Significant upside exists for the proactive buyer who is sales and service oriented and a potential roll-up of smaller local and regional competitors is possible with this business as a solid platform for consolidation.
The business has been run internally as a boutique to optimize quality of life for the owner. The core staff is stable and can be reduced and/or redirected toward sales and service. Strong legacy relationships exist with vendors and service providers.