Southern MN IT Consulting, Consistently Profitable

Minnesota

Seller Financing Available

Asking Price:	$1,740,000
Gross Revenue:	$3,575,526
FF&E:	$126,100

Cash Flow:	$532,158
Inventory:	$19,000
Established Year:	1992

Listing ID: 2315482Listing provided by BizBuySell

BUSINESS DESCRIPTION

For sale is a consistent and profitable IT consulting firm, located in a growing community in Southern MN (is NOT located in the Twin Cities Metro Area).
This company serves as the outsourced IT department for its clients, focusing on offices of around 20 employees with no dedicated IT staff of their own. With an established name for over 30 years and a great workforce, this company is able to generate consistent profits, with plenty of room for growth.
A new owner should be prepared to take over the accounting and executive management of the business, otherwise the seller is open to transition plans to make the ownership change as seamless as possible.

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Leased

Building SF

3,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Real estate is owned by the seller and the seller is open to lease or purchase options.

Competition

Shifting technology trends have boosted demand for new services and encouraged companies to replace older, more traditional technology. IT consulting companies compete on their ability to provide the latest and most efficient technological solutions to clients. Consultants have also benefited from broad economic growth in the aftermath of the COVID-19 pandemic, especially from the increase in corporate profit among businesses.

Growth & Expansion

To increase sales add sales people. There is currently only one person doing outside sales for the organization.

Financing

$174K down/$174K over 60 mos. @ 8%/Other Financing.

Support & Training

Will train for 2 weeks @ $0 cost.

Reason for Selling

Owner wishes to retire.

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