This exciting managed services Company has a diversified client base across a wide range of industries, but also includes a deep knowledge and industry expertise in medical industry. Over 160 clients serviced in 2015, with over $66,000 in monthly recurring revenue. Year end target set by the CEO is in the range of $2.4MM top line and Adjusted Net of $900k+. The entire team of 14 employees drive the Company's sales and technical initiatives and it is expected that the staff will remain after the sale. Currently focused in the greater Los Angeles area, this Company is prime for growth beyond if the Buyer's management team desires. The Company provides an end to end proactive support structure for small to medium sized businesses, with a market niche of 10 to 50 users as the target client. Range of services include server monitoring and support, help desk support, Virtual CIO guidance, vendor management, cloud computing hardware and software setup and relocation. You name it and they can do it. NDA is required, a 27 page Confidential Information Memorandum details all relevant aspects of the subject acquisition.
Facilities: 1,500 square foot Class B office premises, fully turnkey and built out ready for new management. Ideal situation for an out of state player looking for a California or specifically Southern California footprint...
Competition: Competition is present, but this Company's senior and engineering staff has the skills necessary to bid on and secure a vast array of consulting engagements.
Growth/Expansion: Presently only active in the Los Angeles area, prime for expansion to other territories. Has some out of state clients, but less than 5% annually at this time. Company is able to deliver superior services remotely whether it's a customer in its own backyard or across the country on the East coast.
Support/Training: 12 weeks included with sale by CEO if a satisfactory offer is secured, balance of any tenure shall be subject to negotiation. The Seller can stay on board as a technical consultant as needed subject to mutually beneficial terms and conditions if required for a period ideally not longer than 6 months.
Reason Selling: Other business interests.
Asking Price $1,200,000
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