3 days ago — Available for a share acquisition is a privately-held Canadian IT Managed Service Provider (MSP) company established in 1999 with more than 20 years of experience.
This Toronto-based IT IaaS business provides information solutions to several clients.
With more than 50 small and medium-sized business (SMB) clients, they realized a strong recurrent revenue of $500K in 2018.
They offer a complete managed services solution for a small business environment with servers, workstations and devices utilizing industry-accredited MSP software.
They also provide Business Intelligence Consulting, Digital Technology Solutions, Custom Programming, Systems Administration and IT Management.
For the right buyer, the owner’s main objective is to stay on in a virtual position capacity with a reduced salary and will also consider a buyout (acquisition) with the right offer.
Highlights & Key Assets:
Strong client retention: Low churn rate (They have never lost a client)
Trusted partner of SMB in Canada (50+ clients)
Work from home offices
20 Years in the IaaS industry
Strong recurring revenue
Strong Seller’s Discretionary Earnings (SDE)
(REQUEST PROSPECTUS TO SEE THE FULL LIST OF HIGHLIGHTS AND KEY ASSETS)
Growth Potential And Market Research:
Growth Potential is realized through the company’s interventional prospecting solution and referral practice that is part of the overall methodology used to acquire new clientele.
With the cybersecurity IT industry alone growing to $248.26 billion by 2023 and the vast amount of SMB organizations globally, there is considerable room for growth.
For example, there are thousands of SMB organizations that are not yet serviced in the Greater Toronto Area alone that will require the use of this firm.
This does not include SMB organizations throughout the rest of Canada or the United States, or internationally. The ceiling limit will likely never be reached – there are a plethora of potential clients both locally and globally!
Reason For Selling & Support/Training:
Full support and training will be provided. This is negotiable depending on your needs. The owner is committed to making it a success for a new owner.