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Managed IT Services Provider Business

Name: Managed IT Services Provider Business
Price range: $$

Listing

1680

SOLD!

Many Long-Term Contracted Customers

Acquired By

Individual Buyer

Middlesex County, Massachusetts

Revenue

$928,700 (projected 2021)

Cash Flow

EBITDA: $190,000

Asking Price

$495,000

Business Description

2021 Projected EBITDA for Owner Operator: $109,000

2021 Projected EBITDA for Strategic Buyer: $190,000

This a is an excellent opportunity to assume an established Managed Services Provider (MSP) with a stellar reputation, contracted recurring income of over $600,000, and long-term loyal customers in Greater Boston. The MSP has a solid customer base with specialization in the accounting, law and biotech industries that are a competitive advantage in a growing market. The part-time owner works approximately 20 hours per week and the MSP does hardly any marketing. The MSP operates in a completely virtual environment and is unaffected by COVID challenges. Customer concentration is low.

All customers are contracted for managed IT services; in addition, contracted clients can access IT consulting services on a project basis and/or break/fix issues on an hourly-rate basis. Product sales to contracted clients are a small contributor to profitability, but they allow the company to control the purchasing process.

Transitioning to a new career as a cybersecurity consultant, the current owner will not be in competition with this business. He is willing to provide the new owner with all the training necessary to ensure the company thrives and grows will into the future.

A new owner with a passion for providing managed IT services will be walking into a company with recurring monthly revenues, long-term clients, and exceptional staff.

Growth Expansion and Opportunities

Advertising/marketing: The time is right to grow and expand. There have been almost no marketing or advertising efforts over the past two years. The new owner may approach marketing activities internally or externally by hiring professional sales services to address the need.

Operational efficiencies: Several cost-saving opportunities have been identified which would make the selling price a tremendous value for the right strategic buyer. These include but are not limited to in-sourcing Azure-hosted services management and/or server monitoring and management that are done by third parties.

Support & Training

The seller will provide training and support as necessary.

Broker

Molly Hanson