Details - Information last confirmed on February 1, 2021
Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don't wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
It is genuinely a rare opportunity for an IT Services Provider of this size and quality to become available on the market! You will need to act quickly to get in on the action.
This Company is a Michigan-based enterprise-level information technology services provider offering the following services: business continuity planning, disaster recovery solutions, cloud computing services, collaboration software procurement, hardware procurement, project management, managed support services, network infrastructure planning, security and compliance services, risk management, and more. The Company imparts IT solutions to various industries, including financial, manufacturing, governmental, healthcare, construction, real estate, and retail.
Founded in the early 2000s by two partners, the Company prides itself on being not just an IT consultant but an IT partner. It delivers technology solutions that simplify IT environments, improve productivity, and reduce costs, allowing customers to focus on running their business, not IT. The Company strives to ensure that its service offerings keep up with ever-evolving technology. Over its two decades in operation, it has expanded its facility size multiple times to accommodate growth. The facility is owned by a related real estate holding entity owned by its two owners.
Owner 1 is the Company’s President. He typically works 40 hours per week but believes his time could be cut down to 16 hours per week (4 hours per day, 4 days per week) without any effect on normal operations. His most valuable tasks include leading the service team, handling compliance and security measures for the Company, and providing leadership in the form of consultations and speaking engagements.
Owner 2 is the Company’s Vice President. He also works 40 hours per week, primarily out of habit. He believes he could work 4 to 5 hours per day to adequately handle all his responsibilities within the Company. His most valuable tasks include assisting the sales teams and managing the Company’s financials.
The Company has displayed high levels of resiliency during the COVID-19 pandemic, with increased sales and decreased expenses. Its services have been in high demand, with more businesses relying heavily on technology to operate remotely through the pandemic.
The Company is staffed with a highly skilled, technical, and dedicated team that provides significant depth to its service capabilities. The knowledge base stemming from the team’s dedicated professionals supplies the Company with a considerable competitive edge.
Potential Buyers must have a minimum of $1,000,000 in available liquid capital to receive information about this opportunity.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.