IT Solutions Company
Internet Businesses for Sale
- Primary Category: Business Service Companies for Sale
- Secondary Category: Data Management Businesses for Sale
This 30-year-old, family-owned, IT Solutions company provides an array of services to large, medium and small businesses. This company is an Oracle partner and provides expertise in all pillars of the PeopleSoft® application both Onsite and Onshore through their U.S. based PeopleSoft® Team.
This business provides the opportunity to advance market share with its proprietary Low-Code Development Platform (LCDP). This emerging market is currently valued at USD 25BN with a compounded annual growth rate (CAGR) of 28%. This intellectual property has been specifically designed and utilized to rapidly build and deploy enterprise grade business applications offered in a SaaS subscription model with significantly fewer IT resources and talent. It has proven to significantly reduce project timelines from design to deployment by 70% or more over traditional IT software solution development. The company also provides Managed IT Services (VMS), Cloud Hosting (HaaS) (PaaS), VOIP, or an Enterprise Grade Software Solution (HGaaS). The business has become an acknowledged leader in the IT Solutions space and has experienced significant growth. They are quality driven, with a product development approach to problem solving to ensure success to every customer.
There is considerable overlap of services with the client base, which results in recurring revenue of over $7M, with a cash flow of more than $1.5M. The asking price includes Intellectual Property, and FF&E.
The business is housed in a modern office building with approximately 7,000 +/- square feet and approximately 1.03 +/- Acres that can be purchased for an additional price or can be leased.
For more information on this listing, contact: Mike Keen at (540) 777-1585 or [email protected]
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at (540) 777-1585 to discover the difference with Sunbelt Business Brokers of Roanoke & Lynchburg.
Financial Information
- $10,500,000 Asking Price
- $1,527,340 Cash Flow
- $7,093,506 Gross Revenue
- N/A Down Payment
Business Location
- City: Confidential
- State: Virginia
Reason for Sale
- Retirement
Detailed information
- Year Established: 1992
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: Yes
- Inventory Value: N/A
- Monthly Rent: N/A
- Real Estate Available: Yes
- Real Estate Included: Yes
- Real Estate Value: On request
- Building Size: 7328
- FF&E Included?: Yes
- FF&E Value: N/A
Training/Support
- Seller will agree to a negotiable transition period.
Real State Description
- Building Type: Office Acreage: Approximately 1.03 +/- Year Built: 1999 Finished Area (SF): Approximately 7,328 +/- Style: 1.0 Story HVAC System: Gas Primary Exterior Wall: Face Brick Primary Interior Walls: Drywall Primary Floors: Carpet Secondary Floors: Hardwood
Business Listed by
Mike Keen
Sunbelt of Roanoke and LynchburgContact Business Broker
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