Contact: Michael Greengard
Email: [email protected]
Your Reference ID: MG1011317
We are pleased to offer an impressive and high cash flowing niche technology business at an attractive price. The founder-owner-seller of this 13 year old company has some health issues which require him to sell his business now, years before his intended retirement. He will remain active in the business for a period post-close to insure a smooth transition to only the business’s second owner-operator.
Located in an attractive 3,000 square foot leased space in a commercial area of a very desirable West Michigan community, this business, like most IT companies, can be managed remotely and/or relocated by a new owner. The business has significant growth potential given the vast majority of its customers fall within 100 miles of the company’s office.
The business is a specialized IT Integrator, aligning advanced technology to business processes in two targeted healthcare industries. The business has successful installations and happy clients for hundreds of accounts in the first industry and nearly 50 clients in a newer and fast growing second targeted industry. The industries, while both in the healthcare field, are otherwise unrelated; however, the business model is identical: design, install, service and support hardware/software systems addressing both the clients’ specific needs and budget.
The seller currently still works full time. His small, loyal staff includes two techs and a very capable office manager. The seller expects all three full-time salaried employees to remain with the business post-close.
Over the past four years the business has averaged $765,000 of annual revenues with an average SDE (seller’s discretionary earnings – the cash flow available for an owner operator to service debt and pay himself) exceeding $300,000. The consistency of both revenues and SDE makes this business, listed at $1,100,000 (an attractive 3.6x SDE), a very good candidate for SBA financing. The seller will also help a qualified buyer by carrying a significant, six figure seller note.
To learn more about this strong, high performing business with squeaky clean books and records, please contact Mike Greengard (firstname.lastname@example.org).
Location(s): West Michigan
Asking Price: $1,100,000
Cash Flow: $300,000