4 Yr old IT Services Business with 33% growth
Home / Listing / 4 Yr old IT Services Business with 33% growth
Background
| BizEx ID: | BizEx1414-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Business Services IT Services |
| Years in Business: | 4 |
| Under Present Owner: | all |
| Hours of Operation: | standard |
| Owner Hours: | 0 to 5 per week |
| Training: | 12 weeks @ 10 hours |
| Organization Type: | LLC |
| Lease Expiration: | n/a |
| Lease Options: | n/a |
| Building Size: | none |
| Employees: | 71 |
| Reason for Sale: | pursuing another career |
Financials
| Asking Price: | $3,600,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $5,302,182 |
| Discretionary Cash Flow: | $964,944 |
| FF&E: | $0 |
| Inventory Included? | No |
| Inventory: | $0 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $0 |
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Gross Sales | $ 5,302,182 | $ 3,968,067 | $ 2,505,013 |
| Gross Profit | $ | $ | $ |
| Disc. Earnings | $ 964,944 | $ | $ |
Description
Opportunity to acquire a high-growth 4-year old US based IT Service business. The business develops custom software for clients or provides tech resources and teams that develop custom software for them. The company business model is based on what they charge clients for the work and how much they pay technical resources to complete that work. Two owners aren't involved much in the business, they have 4 team members that operate the business and manage the team of contract workers that caters to all aspects of software dev from product management and design, R&D, development, dev ops and QA.
- 33% revenue growth in 2022, 10% growth projected for 2023
- 4 year old company
- 1 year agreements with clients, 90% repeat beyond 1 year
- LATAM based contractors
- Tech stack agnostic
- 100% remote/virtual team
- Diversity is embedded in their company culture
For more information, visit Bizex.net to complete the Buyer Registration & NDA Contact: Steve Lukes at 310.871.2909 - slukes@bizex.net
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
