Digitization Tech Company – Sold
Price: $875,000
Annual Revenue: $1,091,016
Net Cash Flow: $412,018
Industry: Technology, IT Services
The company has been sold, see our other technology businesses for sale. A leader in the digitization realm. They have been in business for over 10 years with a 100% customer satisfaction rate. They are experts at converting all media formats and have the ability to convert photo, film, video, and audio formats and deliver it on Hard Disk or the Cloud. The majority of competitors can’t handle the same number of formats and types of standards that they can handle. For video, they can convert the majority of media made in the last 40 years and have the ability to convert high-definition tapes to high definition digital formats when others can’t. They can also handle long running and difficult tapes. Their multimedia, multi format and multi standard make them a different company and have the ability to handle the majority of requests without question.
By applying consistent policies across their production, service, and output standards, they achieve the margins that they seek.
Everything is centralized in QuickBooks; hence due diligence will be quick and easy.
They have established clients all over the map. The majority of the work is in the NY area but they do get orders outside of the NY area. They are a one-stop shop for digitalization of all types of formats, along with that they also do hard drive recovery and computer repairs.
Even experts in the industry who own their own digital equipment give them work because of the quality and the service that the company provides.
Over $200,000 worth of equipment is included. The company is well staffed by trained professionals and if need be can run by itself.
- Employees:
- 13
- Facilities:
- The company currently operates out of a 1900 sq. feet commercial office space, with a monthly lease of $5680/month (which includes 2 parking spaces) The lease ends in 2018 and current owner is negotiating a new lease. A new owner can also get another lease for another 10 years. If the operations were to be moved to another location there could be reduction in lease. The business is in a good location where a customer can walk in and drop the order and pick it up.
- Competition:
- There isn’t a lot of competition because of the service, quality and expertise that they provide.
- Growth & Expansion:
- Develop the company app (subscription based) and aggressively bis the high-volume jobs
- Financing:
- $487,500 down and rest in owner financing available
- Support & Training:
- Transition time of 2 months is offered because the seller wants the business to be successful and can be a consultant working offsite.
- Reason for Selling:
- The owner wants to return to Canada.
Contact us to help you sell your technology business in New York or any other state.