IT Hardware, Software and Consumable Retailer
Owner is willing to stay and help buyer
(Seller's Discretionary Earnings)
included in asking price
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This is a great opportunity to purchase a longstanding, profitable, and growing business in a growing industry at a great price. Company is a single source provider of hardware, software, networking gear and virtually all supplies used in computing and imaging. They partner with the world's leading technology companies to provide cutting edge IT solutions.
This operation is ideal for a company that is in IT/Technology Services business which wants to add hardware and software sales and maintenance to its service platform. Additionally, the business is also the perfect opportunity for any interested buyer to make their way into the Computer -Software-Maintenance industry. Owner will offer an extensive transition plan. Their business model is turnkey and well documented. Also, owner prefers to continue his work with the company at a capacity that will allow him to continue nurturing the existing relationships and creating a smoother and longer transition time for the buyer.
The Company has excellent reputation in the industry which allows it not to have to compete on price only. Their largest client is deeply imbedded with their operations and relies on the Company on many fronts likely to be retained as a long term customer.
The Company's mix of products allows then to have consistent financial performance every year with average annual revenues well above 3.4 million. Their long term projects pipeline for 2018 and 2019 are already in excess of 2.3 million with some recurring revenues. The 2020-2022 pipeline projections also look impressive.
This is a confidential listing. All inquiries will be expected to complete a nondisclosure agreement, buyer profile, and provide a qualification letter from a lender or proof of funds if cash purchase.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
The company is headquartered in Maryland and operates from a leased office facility close to main clients. The lease is very reasonable and will expire in 2019 and can be renewed. The sale includes all FF&E, website, domain, inventory, computers, office furnishings, storage, and the company truck.
This is a competitive industry but they consistently achieve excellent results mainly due to their industry reputation and high level of service
Growth & Expansion:
The retiring owner is willing to stay on for a reasonable period of time to facilitate a smooth transition. The growth opportunities are explored in the Confidential Business Report which will be shared with qualified buyers.
About the Sale
- Reason For Selling:
The owner is looking to retire.
The retiring owner will provide ample training and support for a generous period of time which will be negotiated.
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