Banking & Financial
OFF MARKET PRESENTLY!
IT Services Firm for Sale? Yes, this Northern California IT services provider, with a strong bent towards managed services is now for sale!
San Mateo, CA (San Mateo County)
Seller Financing Available
Asking Price: $2,300,000
Cash Flow: $587,475
Gross Revenue: $2,333,335
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Real Estate: N/A
Established: 1985
This IT Services Firm for Sale, has operated under current ownership for over 30 years! During this time, owner has enjoyed an organic referral base. This is in absence of any marketing or advertising investment.
In addition, the IT Firm also has manages services for clients. These clients come from both the public and private sector.
This Company has an excellent employee culture and takes pride in delivering five-star customer service!
Approximately 70% of the Company’s focus is on:
This small organization remains nimble. How? This is accomplished by leveraging outsourcing whenever possible.
This includes:
Currently, this IT firm has 43 clients under contract. The largest account is 13% of revenue, with 50% of the contracted clients coming from the public sector.
It is anticipated among business and technology leaders that the next industrial revolution will occur. This occurrence will be in the matter of the Internet and Technology.
Successful execution of IT will require greater agility in connectivity solutions, including SD-WAN/SDN.
As an agent for or partners with- more than 100 carriers, this IT Tech Company is, well positioned. This business is ready to offer the necessary level of agility for a rapidly growing area of importance.
Seller is beginning the process of preparing for retirement. Seller recognizes the value of new ownership and what it can bring in taking the Company to the next stage in its growth and trajectory.
While the Company has a professional website that acts as an effective online brochure for its services. The Company currently does no marketing to drive traffic to the site or to drive customer calls to the Business.
All growth has been the result of client referrals and organic reach of the Owner.
Some referrals come from vendors such as:
The Owner is primarily responsible for bringing in new customers. IT Business for sale, estimated conversion rate of new leads is over 85%.
The next planned direction for the Company is to target public utilities companies for managed services. This is a direction for which the Company is well-primed in the industry for. Also, this IT firm is anticipated to bring in dramatic and steady growth to recurring revenues!
An opportunity certainly exists to leverage current relationships, define target verticals, and implement a marketing strategy to dramatically increase market share and profits.
Security Systems – The heightened focus on security will provide additional opportunities for IT companies. This will be called on to design and implement new security systems for both businesses and governments.
Systems are needed both for physical security and to protect computers against viruses, hackers, and intelligence intrusions.
Public sector customers are particularly interested in IT systems that offer a solid security component.
Internet of Things (IoT) – A promising area supported by IT involves the intersection of online technologies. This is known in the physical world, as the “Internet of Things” (IoT).
Home automation, self driving cars, drones, wearable technology, and other internet-enabled electronics are a growing phenomenon and are providing IT companies with new opportunities to serve businesses and consumers.
New IoT systems provide challenges such as conflicting software standards, as well as privacy and security concerns.
Networks, Wireless Systems – The rapid evolution of business networks to include wireless devices has created new opportunities for IT firms.
Internet and intranet systems that allow mobile and wireless access are in stronger demand and often require IT consulting to implement.
IT professionals are being called on more often to help customers integrate their wireless communications with their computing and content needs.
E-Commerce Increases IT Needs – Companies hoping to gain a strong edge in the new economy are launching e-business initiatives that require significant new investments in IT solutions.
Firms will need solutions for interpreting and transferring data online, which will increase IT services.
Customer relationship management systems, for instance, enable companies to find and retain profitable customers while enhancing their cross-selling capabilities.
Growing State Government Market – Pressured to reduce costs due to tight budgets, more states are outsourcing computer functions and data processing.
State governments are also looking to IT firms to help implement federally mandated programs such as Medicaid.
These contracts do not always go well and often come with a certain amount of risk, however.
States are taking a harder look at IT contracts after complaints about costs, quality, and usability.
NDA is required for comprehensive 29 page package crafted by ProNova Partners.
OFF-MARKET-IT Services Firm for Sale – (San Mateo, CA)