IT service : Earn $100K working 15-20 hours per week
Wilmington, NC
| Asking Price: | $120,000 |
| Gross Revenue: | $110,000 |
| EBITDA: | $97,000 |
| Cash Flow: | $99,000 |
| Inventory: | $5,000 |
| Established Year: | 2000 |
Listing ID: 2272226Listing provided by BizBuySell
BUSINESS DESCRIPTION
This IT service provider offers sales, service, and installation of computer products. The seller analyzes the needs of clients, propose the best solution, and procures and installs the best computer systems and support.
The seller has just approved a 37% discount off BPO, due to health reasons.
Buyer must be near the Wilmington, NC area.
Buyer with some IT experience can expect to earn $100K cash flow/year, working 15-20 hours/week!
Seller has built a diverse client base with several revenue streams. Selling price = the annual cash flow!
The owner sold the business in August 2023, but due to buyer default, the seller has taken back his clients and is providing them ongoing support.
DETAILED INFORMATION
Location
Wilmington, NC
Inventory
Included in asking price
Employees
1
Facilities
The assets of the business include the business name and brand, phone number, customer list, web site, all hard assets (diagnostic equipment and parts inventory valued at $5,000), training from the seller and introductions to all key customers and other business networking. This asking price is a discount of 37% off the broker best price opinion.
Competition
The market is expanding in Wilmington. For instance, city hall is experiencing a backlog of over 25K building permits. The typical customer profile for the seller is small businesses with 8 to 25 employees.
• 60% residential
• Service prices consistently lower than competitors
• Service quality is outstanding, as per Google and BBB reviews
• Accredited Better Business Bureau A+ rating since 2013
Growth & Expansion
Plenty of growth opportunities include more clients, higher fees (currently lower than the competitors), expanding geographical coverage, and expanded commercial contracts.
Financing
Offer all cash and close soon and the price is reduced. Excellent cash flow.
Support & Training
The buyer must be able to take on seller responsibilities ASAP. The seller is willing to train and transition the business to a buyer but his time will be limited, due to a health issue.
Reason for Selling
The seller would like to retire and is willing to sell ASAP due to health issues
Home-Based
This business is Home-Based
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