IT Consulting and Staffing Firm - NJ
| Asking Price: | $2,150,000 | Inventory: | |
| Gross Revenue: | $2,574,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $478,000 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: strong & steady | |||
| Cash Flow Comments: 3 year average | |||
This firm has been a leader in information technology staffing and consulting since 1995. Its top team of full and part-time professionals deliver results for its Global 1000 clients through the design, development and implementation of leading edge enterprise technology solutions. The firm services a diverse customer base in a range of industries including Financial services, health sciences, pharmaceutical, publishing and others. Gross revenues have been in the $2.6mm to $2.8mm range for the last three years with an average adjusted annual net to owner in excess of $478,000 for that period. The firm's focus in the Pharma and Health Sciences has created a recession proof business. The $2,150,000 price assumes an asset sale and that the net of cash and receivables over liabilities remain with seller. Seller will consider a stock sale with an appropriate pricing adjustment.
About the Business
Year Established:1995
Facilities:The firm is located in a professional office building, well situated in a prime area in NJ. Current monthly rent is approximately $6000.
Market Outlook and Competition:The IT consulting & Staffing industry is a competitive market; but the firm has built an outstanding reputation, has a diversified base of customer and industries served, and has maintained a steady level of revenues for past several years.
About the Sale
Reason For Selling:Owner/Seller is looking for a change after many years in the industry.
Seller Financing:Seller will consider some financing for a financailly and experientially qualified buyer with a substantial down payment.
KEYWORDS: IT Staffing IT Consulting Information Technology Employment Services
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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