Business Overview

IT company in existence over 8 years. The owner has built a thoroughbred stable of clients. These dozen or so clients are under contract and are true producers. Owner fired all of the BS clients in 2020. This can be operated from home and can be run from anywhere with high speed internet. Clients are in San Antonio area. Seller believes in what he has built and is open to owner financing.

Financial

  • Asking Price: $1,250,000
  • Cash Flow: $362,038
  • Gross Revenue: $709,069
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Work from home while you run this business. No more commute every morning. (Home Based)

Is Support & Training Included:

Owner willing to ensure a smooth transition with a 30 day training. Anything longer is negotiable

Purpose For Selling:

Leaving to focus on other existing business

Pros and Cons:

Every business needs IT. Owner was trying to run two businesses. He has chosen the mistress. Now you can give this business the love she needs and she will blossom even more.

Home Based:

This Business Is Home Based

Additional Info

The venture was founded in 2013, making the business 9 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 absolutely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, current decrease in revenues, or an array of various other reasons. This is why it is extremely essential that you not rely absolutely on a seller's word, yet rather, make use of the seller's answer along with your general due diligence. This will repaint a more reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too small. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new customers? Most times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Certain aspects such as brand-new competition growing up around the location, roadway building and construction, and also personnel turnover can affect repeat consumers and also negatively influence future revenues. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the chance to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood mean family income impact future revenue prospects?