Multi-location (MSP) Managed Service Provider in Cali 1081

Solid Managed Service provider based in California. Headquartered in the San Francisco East Bay Area with an office in San Diego, the company boasts a strong recurring revenue base – approximately 88% of topline revenue is recurring. The company has grown through organic and inorganic initiatives, focusing on quality of client and maintains a gross profit margin around 50%. This opportunity comes with 9 employees; all expected to stay with the business; including the Vice President of Operations who is responsible for running the company day-to-day. The Company achieves industry best-in-class returns with long term service contracts and delivering hardware-as-a-Service to the clients with their managed service plan. This hardware-as-a-service model keeps clients’ networks up-to-date with minimal Capex, and further adds to the recurring revenue generated by the Company. The Company competes primarily on quality, embodying the expression: “the only thing they can’t copy is quality” and delivers on this by rotating at least three consultants through each client’s environment, ensuring institutional knowledge is maintained through vacations, pandemics, and other business interruptions. As an added benefit of their focus on quality, the Company enjoys an enviable client base and is willing to provide client references for qualified interested parties. Teaser financials are taken from the trailing twelve months. The company’s full tech stack, products, partners, and financials are available. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: 2 locations, both leased. SF location will expire December 2022, with a month-to-month option until June of###-###-#### The San Diego space expires on February###-###-#### Seller believes the company would work well remote-first. Financing: TBD if structure and terms are acceptable. Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business. Reason for Selling: Retirement