40 yrs Old, TECH FIRM NETS $155,493 in ANNAPOLIS!!!!
Asking Price: | $425,000 |
Gross Revenue: | $544,261 |
Rent: | $1,400 |
Established Year: | 1982 |
Cash Flow: | $155,493 |
Inventory: | $10,000 |
FF&E: | $70,000 |
For more than 40 years, the Company provides computer hardware and repair services for business and home based clients/users looking for quality computers and support at affordable prices nationwide. From the east coast to Hawaii!!!!!!!!!!!!
Highly Reputed A-Rated Owners Operated TECH FIRM at Great Annapolis Location | Low Operating Costs High Profit Business | Operating as Trusted Technology Advisors from Coast to Coast with Majority of their Sales Comes Through Repeat Business | Strong Cash Flows Year on Year | Well Earned Rocksolid Brand Recognition | Consistent Growth Expected in Revenue & Profit Trends in 2024 & Beyond!!!!!!!!!!!!!!!!!!!
TOP NOTCH CUSTOMERS REVIEWS
With reviews with average rating 4.9 and over 3,000 LOYAL customers base (top notch business and consumers) in their database, this business has been providing hardware, software and services successfully for decades nationwide.
SERVICES OFFERED ON DAY TO DAY BASIS
Construction Management Software:
-Accounting, Job Costing, Project Management, Human Resource Service, Document Imaging and Service and Dispatch Software
Small Business / PC / Networking Support:
-Network Installations, Hardware & Software Sales, On-site Troubleshooting, Phone Support, Disaster Recovery, Online Backup Service, Anti-Virus Protection and Document Imaging Training
Home Computer Sales & Support
-Custom Built Computers, Laptops, Desktops, Hardware, Software, Sales & Support, Wireless Networking, Repairs, Classes and Electronic Equipment Recycling
Check Printing Services
-To meet the needs of customers in retail and commercial industries
BUSINESS & FINANCIAL HIGHLIGHTS (2023)
Location: Strip Mall High Visibility Main Street with ample parking available
Area: Highly sought after ANNAPOLIS AREA Location
Average Net Margins/SDEs: 30 %+.
2023 Sales: $ 516,589 (approx.)
Net Free Cash Flow/SDEs: $155,493.00
Payment terms: 95 % (Credit/Debit Cards) | 5% (Cash)
Size: 1,107 SF Storefront situated on a Strip Mall, with low monthly rent of $1,400.00 (NNN).
Lease terms: Long term.
Inventory: $ 10,000.00 (approx.) is included in the sale price.
Accounts Receivables: $ 31,000.00 (appox. is not included in the sale price)
Majority Customers Type: Well established small to medium size companies and high income individuals and families, located in good quality residential areas
Yearly Revenue and Profit Trends: Steadily growing
The sale price of $425,000….which is just 2.74 years of NOI !! This is a cash cow business.
Hours of operation: MON-FRI: 9.00 AM-5.00PM
Reason for Sale: Owners Retirement
PROVEN TRACK RECORDS
Founded in early 1980s, the company is an excellent IT solutions provider specializing in construction industry management systems and other industries. With a solid foundation in Microsoft Dynamics and a robust team of experts, the Company has been growing steadily by focusing custom building hardware and software solutions for their clients. Since beginning of the beginning, the founder and owner recognized that top businesses needed tailor-made help in cost-effectively manner taking advantage of rapidly emerging technology. The Computer had become firmly established as an industry standard, but without the proper software, training, and support, many of these expensive machines sat unused or were only being used for the most basic tasks. Valuing the necessary clients' needs in the marketplace, company stepped into help business owners identify what their software requirements were, find the appropriate hardware and software to meet those needs, and provide the training and support to implement the best possible solution according to changing marketplace requirements.
GREAT LOYAL CUSTOMER BASE
Company has been serving hundreds of businesses and consumers alike to meet their technological needs, and has evolved into a full-service highly respected solutions provider. Additionally at its core also sells business-grade computers, servers, and laptops and distribute and support many