$2,500,000.00
Asking Price
Address: Milwaukee, 53051.
Status: Active
Posting ID: 287504
10/24/24
Description
This Managed Service Provider is a full-service IT provider located in the Milwaukee area, Wisconsin. Headquartered in Waukesha county, this opportunity includes both the business and the real estate.
The company commands a strong monthly recurring revenue service agreements and primarily serves educational, nonprofit and professional service industries. The five largest clients by revenue made up approximately 50% of topline revenue in 2023.
The company’s most recent initiative has been oriented around providing access control and monitoring services to their education clients. The company enjoys a positive-sum relationship with a hardware provider specializing in this space - this relationship includes sharing high quality customer leads to the company. These potential clients interface with a senior technician responsible for closing these leads.
The sellers are a husband-and-wife team who are pursuing an exit in order to retire. The husband leads the technicians and is responsible for sales outside the above aforementioned funnel. The wife serves as the chief administrative officer, supported by a business manager and outside accountant.
Profitable hardware sales contribute to topline revenue with approximately 75% of clients on a refresh schedule. Strong demand from education clients provides predictable, albeit cyclical, recurring revenue.
The sellers also own the real estate the business occupies and would prefer to sell the building and business together in a tax advantaged transaction – building is not included in the asking price.
NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: Single Story building on about a half-acre lot, approximately 2500+ square feet footprint.
Competition: Competition is fairly broad in the industry, with the company competing with both local and national brands, as well as client’s internal IT department strategies.
Growth & Expansion: The Company has employed a client-centric strategy to grow market share among their chosen end industries: growth potential exits in targeting new verticals and expanding service offerings to existing customers.
Financing: TBD if structure and terms are acceptable.
Support & Training: Sellers are dedicated to ensuring the acquirers success and are open to providing training and support to suit their needs.
Reason for Selling: Retirement
To get more information about this IT Managed Service Provider - With Real Estate business for sale in Milwaukee please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #287504 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this IT Managed Service Provider - With Real Estate, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Details
Asking Price: $2,500,000.00
Down: Call/Email
Cash Flow: $620,000.00
Revenue: $2,600,000.00
Area: Milwaukee
City: Milwaukee
Attributes:
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