Business Description
Established in 2018, the business is a fully remote IT solutions company specializing in services ranging from ERP implementation to Microsoft 365 support. These services are customized to address the distinct challenges of public sector entities, with clients being municipalities (local governments). There is an internal employee who could potentially be promoted to CEO. The owner feels that a buyer does not necessarily have to have an IT background to buy and operate this business.
The business has achieved impressive YoY growth due to its team expansion through in-house training and the diversification of its service offerings during COVID-19. This shift has enabled the company to operate as a comprehensive one-stop shop for clients to do implementations or ongoing service.
A single client accounts for around 60% of the revenue, but the company has a robust pipeline of booked work and upcoming new clients. Additionally, it has a team of 30 skilled employees. The owner is excited about exploring new ventures, and although they prefer to exit, they are open to retaining a small portion of equity.
| 2022 | 2023 | YTD 2024 | TTM Thru Aug 24 | Projected 2025 | |
| Revenue | $1,720,452 | $3,109,818 | $2,841,184 | $3,970,315 | $5,000,000 |
| Earnings | $675,177 | $1,542,034 | $1,362,821 | $1,929,737 | $2,350,000 |