Business Description
For sale is a San Francisco-based company that has been providing IT services for the past 20 years. They have a large and loyal client base across diverse industries (including strongholds in the local legal and medical communities) and the majority of their clients have been with them over a decade.
This is a highly recurring revenue base. Roughly 80% of revenue is recurring monthly service charges, and 20% are hardware sales.
The three owners run the business and respond to all client requests. They will not be staying with the business so it’s essential that a new owner feels comfortable making IT hires or has IT background. The adjusted financials already take into account a $200K expense budget for the buyer to hire two IT hires: one junior (estimated $80K) and one senior (estimated $120K). Without these estimated expenses, the Net Operating Income would conservatively be $950K this year.
The company has been pre-approved for an SBA loan for a qualified buyer.
