Annual Revenue: $3,079,525
Net Cash Flow: $1,112,416
Location: Adirondack Region (Warren County), New York
This company has been sold: Operating in New York’s Adirondack Region, this company has over 30 years of experience providing technology services to both the public and private sector. The company also directly supports schools. They have built a solid client base and a strong reputation across the state as a quality provider.
Company’s services include:
• Technology consulting
• Network design
• Network phone systems
• Computer software development and applications
• Digital signage
• Camera security and surveillance
• Videoconferencing/Presentation systems
The Company maintains a New York State Office of General Services contract. It was a multi-year process to procure this contract and proves as a valuable tangible asset to the new owner. The company also recently received approval for Woman Owned Business status – a process that took three years and is also a valuable tangible asset to the new owner.
Facilities: Two owners work from home offices. This could be considered a home-based business. One owner works 20-30 hours per week, the other works 45-60 hours per week to maintain and oversee current client contracts. Employees are based in multiple offices at public facilities throughout the state; those offices are at no cost to the Company, as they are included with the work contracts.
Competition: New owner could choose to capitalize on the growing trend of companies outsourcing their IT services while also paying higher premiums for solutions and quality.
Growth & Expansion: Growth opportunities: • Expand managed services into other verticals • Build out a sales force. (Company does not currently have a sales force, but is maintaining existing contracts) • The growth of emerging technologies also offers new opportunities. As IT skill shortage intensifies in the marketplace, the demand for IT services will grow. • Pursue other OGS contracts
Financing: Owners are willing to offer some financing for the right person.
Support & Training: The owners’ level of their involvement during the transfer of ownership will be entirely dependent on the new owner’s experience in the industry. Owners are willing to negotiate details to ensure a smooth transition.