40 yrs Old, TECH FIRM NETS $155,493 in ANNAPOLIS!!!!

Anne Arundel County, MD

Seller Financing Available

listing image
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
BUSINESS DESCRIPTION

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


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,080
Lease Expiration
09/05/2033
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Business is located in a small strip center with about another six storefronts the same size as our's. Lots of computer parts and accessories included in asking price. FF&E Overview All kind of excellent FF & E needed for a fantastic IT business and are included in the sale price. FF&E General Condition State of the art and well maintained, good to go for next 10 years. Since inception in 1994, this business has been providing computer sales, repairs, software services and support, on-line backup services, and Office 365 administration for over 30 years.
Competition
Low. This business enjoys excellent relationship with its loyal customer base due to their proven track record of keeping their customers well served and hence they keep coming back for more business, hence the direct competition is relatively low. Additonally, what makes this business stand out is the multi-generational presence in the market for almost 30 years, high focus on the customer experience, successful marketing, and tight operational systems/processes that drives business and keep the competition at the bay.
Growth & Expansion
The business has focused narrowly on supporting its local community. However, with the rise of cloud computing and remote work, there are opportunities to expand the area of support. The new buyers can take the business to the next level with the help of the following tools: - Digital marketing - Adding more professional staff - Targeting commercial clients and signing up contracts with small to medium size companies for business - Opening more locations in the future to reach our large masses of people /marketplace
Financing
Owner Financing Amount $300,000.00 Owner Financing Interest 7% Owner Financing Terms
Support & Training
4 weeks
Reason for Selling
retirement
Report an Issue with this listing
profile-img
Aamer
Chaudhary
logo-img
Aamer Chaudhary