LISTING DETAILS
Listing Status: New
Asking Price: $600,000
Total Sales: $1,040,674
Cash Flow: $247,510
Real Estate Asking Price: N/A
FFE: $11,634
Inventory: $5,000
FFE Included in Sale: Yes
Year Established: 1982
Employees: 7
Description
Business Summary:
Unique opportunity to own an established and respected firm that specializes in providing computer network services, IT/technical support, and cyber security solutions. The knowledgeable and experienced team has been delivering best-in-class services and support for over 40 years. The business is based in Fairfax County, Virginia but serves clients across the DC metro area.
The business has been focused on providing 100% customer satisfaction and building long-term relationships with clients. The team possesses the necessary qualifications and experience to successfully meet the constant and sophisticated challenges in their industry. They offer both on site and remote support to address technical issues. The specific areas of expertise include: A to Z computer technology, sales, services, implementation and continued support; cloud computing solutions, desktop support, network infrastructure, virus and malware removal, database management, IT security, software/hardware updates, website maintenance, and more.
The firm has contracts with a number of significant businesses and organizations along with a handful of residential contracts. While the business currently provides services to a variety of commercial and residential accounts, 98% of the business revenue is generated from businesses/associations and only 2% from residential customers. A majority of the business revenue is generated through network service contracts and hardware sales. This presents a great opportunity for the next owner to take over an established and profitable enterprise with very impressive margins in a true growth industry. The current operating model with employees and agreements in place will make for a straightforward transition to the next owner. The possibilities for growth and expansion are endless, so contact us today for full details and to learn more about this business.
Description of Facilities: The business rents space in a professional office condo in Falls Church that is modern, well-kept, and with many amenities. The space measures 980 sq ft and current rent is $1300/mo. A new 3 year lease was signed in August 2024 for a 3 year term. Additional terms or option periods can be negotiated with the landlord.
Competition: There is standard competition for the industry and market, but this business has been established for over 40 years. The DC metro area is a very active market with countless businesses that need IT and technical support.
Growth & Expansion: There is room to grow and expand the business. A new owner can expand on the current service offerings and bring on new employees to meet the increased workload. Many of the services offered are scalable, customizable, and cross-sellable to meet various client needs so there is room to grow in this area. There are also minimal advertising and marketing efforts in place, so a new owner might wish to make modest investments in those areas to create awareness of the business and its offerings.
Seller Financing Available: Yes
Seller Financing Terms: Depends on the final purchase price, terms, and qualifications of the buyer.
Reason for sale: Owner is retiring.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
