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Business Listed by

Sunbelt Raleigh

Contact: Jim Martinez
Office Phone: 919-787-0566
Mobile Phone:
Listing ID: RALEINC001-N706

Full Service Information Technology Agency - Net $300K

Financial Information

  • Asking Price: $779,000
  • Gross Revenue: $1,720,385
  • Cash Flow: $305,103
  • Down Payment: ON REQUEST
  • FF&E (Included): $50,000
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Wake
  • Raleigh
  • North Carolina
Primary Business Category: Professional and Management Development Training

This company is a full-service training and development agency pioneering solutions to help global organizations realize the potential of the modern workforce. For over 20 years, they have has worked with some of the world's leading companies to improve performance through learning and technology to ensure sales enablement, regulatory compliance, competitiveness, relevancy, leadership and talent development. Their collaborative partnership approach with every client project ensures:- Each deliverable meets client expectations - Planning, communication and risks are managed effectively - Project is on-time and to budget - Customized training and learning solutions - Mobile solutions - Curriculum design - Create, curate and share learning content - Leadership and management development - Compliance, ethics and diversity training - Human capital training solutions - Cyber Security and counterfeiting Training - Skills training and performance improvement - Learning management systems services - Translation and localization - Instructional training and educational videos - Web-based, instructor-led and virtual servicesThis company is a spin-off from a UK company, That company was sold in 2006; however, the shareholders kept the US division and changed the name to ITS Information in 2007, while keeping the US·based clients. The Hewlett Packard business remained with ITS and was very successful and profitable as ITS largest customer. However, in 2015, HP began breaking up and spinning off into separate entities. As a consequence of the HP split, the two major companies that were created-HPE and HPI-adopted different strategies to the original parent company. These changes affected ITS in that a number of services previously offered were no longer required, and ITS had to restructure the organization.With ITS very good and long-term relationship with HP over many years, it retained and extended its master service level agreements with HPE, HPI, Micro Focus and DXC. 2016 and 2017 were ITS restructuring years, and the only two years in its history where it showed losses. ITS has now restructured and stabilized, turning itself around and bringing in not only the new HP spun-off businesses, but other new clients and expanded work with other customers.Clients have come to trust TIS to deliver learning and development solutions that are fundamental to the growth of their employees and overall organization. By offering clients a variety of different methods to suit their audience and IT delivery requirements, ITS ensures that all the customer's Learning needs are delivered to spec, on time.From the prospect stage to customer support and project management, customers are given the same great level of support. With every project, ITS pays careful attention to building a great, on-going relationship between the assigned ITS account team and each client right from project kick-off to project handover. In summary, although ITS runs a first-class design practice, much of its appeal to customers are its ability to deliver projects on time and to budget. In this respect, ITS has a first-class reputation.

Competition Description

Growth / Expansion overview

Opportunities to improve and grow the business include: - Strengthen sales capability - Increase working capital

Support / Training Comments

The CEO and President will work through a transition period to be determined.

Financing Comments

  • Home Based: No
  • Year Established: 2001
  • Franchise: No
  • Year Acquired: 2001
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Fulltime Employees: 10
  • Part time Employees: 7
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 3,300 sq ft
  • Monthly Rent: $7,300

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