Business Overview

IT security audit company that also sells customizable security policies for a variety of industries. $319k sales and $195k Discretionary Earnings is offered for acquisition with SBA financing. The business is pre-approved for 10% down at 6% SBA financing for qualified buyers.

The company provides a wide range of security audit, security consulting, risk management, and asset protection services. With CISA Certification, the company performs certified audits and assessments across a wide range of industries for companies of all sizes as well as for governmental entities. The company also offers customizable security templates for purchase by its clients as a one-time purchase or on a subscription basis.

The company has had steady sales and the owner-seller has built a company with excellent infrastructure and procedures. The owner’s attention to detail, efficiency, development of policies and procedures, and quality workmanship has created a reputation amongst the clients where the company’s high-caliber deliverables are expected.

Summary:
* Offered at $360,000
* $319,000 in sales
* $195,000 Discretionary Earnings
* $54,000 Down w/SBA Financing
* Work From Home Office

Services:
* Network Security Audits
* Web Application Security Audits
* Administrative Safeguards and Risk Management Audits
* Privacy Audits
* Customizable Security Templates

Buyer Skills and Requirements:
The owner is actively running this business and the buyer will have to be capable of and willing to obtain CISA certification to perform certified audits. A background in cybersecurity is required.

The owner is CISA certified and will keep his license with the business for 3 months while the Buyer obtains their certification, if necessary. The Seller will provide training for 6 weeks.

Reason for Selling:
Retirement

Inquiries from principals only

Financial

  • Asking Price: $360,000
  • Cash Flow: $195,000
  • Gross Revenue: $319,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1993

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:

Home-based business (Home Based)

Is Support & Training Included:

The owner is CISA certified and will keep his license with the business for 3 months while the Buyer obtains their certification, if necessary. The Seller will provide training for 6 weeks.

Purpose For Selling:

Retirement

Home Based:

This Business Is Home Based

Additional Info

The business was started in 1993, making the business 29 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they may say "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is very important that you not depend totally on a seller's word, however rather, make use of the seller's response in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover things like stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that earnings margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or might lead to penalties if canceled 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 clients, which form the core of their everyday revenues. Specific variables such as brand-new competition growing up around the location, road building and construction, as well as staff turn over can influence repeat customers and also negatively influence future revenues. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the better the opportunity to build a returning client base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the local average home income influence future revenue prospects?