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IT Staffing Firm with Offshore Consultants

Sold

Seller is willing to carry 30% to show vested interest!

CASH FLOW
$772,991

Specifications

  • Price
    $2,250,000

  • Revenue
    $3,238,045

  • Cash Flow
    $772,991

  • Multiplier
    3.30

  • Industry
    Tech: IT/Software/ECommerce

  • Location
    Ohio

 

This is IT staffing firm has 33 consultants on staff, 12 of which are US based and 21 are offshore in New Delhi, India. The consultant’s scope of work includes software development, information management and documentation systems, plus software analysis and testing for clients in the industries of transportation, medical, and financial. The aging owner is willing to stay on and transition for 1 year, he has also offered to financing 15% of the purchase price plus roll equity of 15% to show his commitment to the success of the future owner. The owner works no more than 2-3 hours per week and there is no physical office space as all contractors are 100% remote making this business highly profitable with no overhead. The cash flow is over $770,000 and is on a 4-year growth trend, the clients are 100% repeat and the average tenure of the client is over 15 years.

Priced at $2,250,000, with its established reputation and track record, this business is well-positioned for an acquisition. A 10% down payment of $225,000 returns $398,172 in the first year after debt payments! There is no special license or designation required to operate this business. Looking at future growth opportunities, this business could benefit from hiring a business development or marketing person to expand its client list as there is no growth strategy currently being performed. Additionally, a new owner could sponsor visas for the off-shore consultants.

 

Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.