MSP and Hosting Firm – Seller will carry 30%

This IT business has seen consistent growth and is on track for a prominent looking Q4. Based on the first five months of this year, this company is expected to have an annualized gross revenue of over $11M! This company offers managed services such as server architecture and design, Microsoft office 360, system backups and restorations, VOIP solutions, network design, dedicated environments, platform hosting, shared servers, and 24/7 monitoring/ crisis control services. Additionally, they offer IT based staffing services which is an add on service for current clients. They can offer these diversified services thanks to their skilled staff consisting of 7 W2 employees including 2 Sales Associates, 3 IT Engineers, and 2 office administrators. The current owner of this technology management service has so much faith in the continued success of the business after purchase that he has offered to carry 30%! Boasting an excellent reputation and their ability to cross advertise to their varying clientele, their current client base has consisted of 85% repeat customers annually. The current owner handles general oversite and aids the team. The skilled staff would easily be able to absorb the owner’s responsibilities allowing for passive ownership. Established in 2011, this business is located in Omaha, NE. Their current service area is primarily throughout Eastern NE, but they have the potential for worldwide clients. New ownership has countless possibilities for further growth, or the chance to relax and enjoy the current organic growth path the team is on as 2022 is set to be their best year yet with an annualized cash flow of $2.2M! Priced at $8,890,000 this business with an excellent reputation for never losing a client is poised to deliver a stable and continually growing opportunity to the lucky new owners. The current owner believes in his business so much so that he is willing to roll 15% equity and offer a 15% promissory note. We believe that this shows good faith in the future success of the business and mitigates risk to the future owner! In addition to this show of good faith, the owner has offered a one-year training period to ensure a smooth transition. Growth opportunities for this business could include expanding into a tech help desk service or expanding the customer base outside of Eastern Nebraska.