For Sale: Managed Services Provider - Nevada County

Description About This Posting: Managed Services Provider

In this day and age, many would describe the Internet as "ubiquitous" (everywhere, all the time); or, maintain the expectation that it should be. All of the products and services related to Information Technology, including the availability and quality of bandwidth, is changing. Not only is there an expectation to have access to the "network" at all times, for some it is also expected that available access points offer high-speed (fiber) and/or super-high speed (microwave) speeds to facilitate this "ubiquity".

With mainstream use of the Internet only continuing to rise, Individuals, Companies, and Governmental Entities, all have an interest and/or need (in one form or another) to gain competitively priced bandwidth capabilities. For Governmental Agencies and Commercial clients, the ability to host traffic and data, access networks, and migrate data in the least amount of time possible has become an additional objective to consider in managing sustainability (and growth).

This Company, as a Wireless Internet Services Provider, has created the groundwork for a growth potential that is just staggering. First formed in 1998, and then incorporated and restructured in 2015, the Company is supported by a management professional with over 25 years of experience as a C-level executive and consultant, along with a IT Professional with over 25 years of experience in IT and Networking. This partnership has been able to converge ideas for growth, utilize key contacts, establish service partnerships and gain access to clients, whom all of which are now dependent on the Company (in some way) by their established market share.

Upon restructuring in 2015, the beginnings of their growth initiative was to gain the majority of the residential clients within their prospective area. In executing this objective, they would be the first to remark that they are first and foremost in the business of customer satisfaction (more than half all their residential clients have been gained through word of mouth). The keys to their growth initiatives were based on this idea and two others - all three being; first-rate customer service, top-tier service options (Fiber and Microwave capabilities), and competitive pricing. The business now absolutely encompasses these aspects with a strong foundation of utilized technologies, and a culture of care and professionalism modeled for success.

In 2016, as the leading service provider in their area, they entered into Phase II of this reorganization plan (financed by their footprint in residential services); significant reinvestment toward hardware, infrastructure, and service capabilities. They can now tout bandwidth capabilities for Fiber Internet (50 Mbps and up) and Microwave (10 Gbps and up), and bandwidth services to any area of the country domestically, and internationally. In these few short years since restructuring, they have evolved into the go-to provider for network services in their region for residential, Commercial, and a number of Governmental Clients.

This year, they were able to gain a cross-border client in Canada, and as stated, there are now ample opportunities available to the Company in engaging and gaining new clients. Once they get the client, they keep it, with a 99.2% retention rate y-o-y. In offering services as a remote provider, they are able to beat out competitors for available services, pricing, and in many cases both. Since their Corporate filing in 2015, they have not lost a single customer within their Governmental and Commercial client base; their overall recurring revenue rate for ALL customers is 88.5%.

Some technical details of the Company - the Company is a Cisco and Microsoft (Server) driven office. An aspect of their service capabilities fully licensed backhauls and hardened switches for uninterrupted wireless high-speed internet delivery.

The Company also offers services to a number of its Commercial Clients in the procurement, development, and management of a domain and/or website, Data Management, IT Support and Helpdesk, and Cloud Computing Services.

NDA is required for comprehensive CIM and any other due diligence documents on file with ProNova Partners.

Detailed Information

Real Estate: Owned, Included in asking price

Employees: 8

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Main street location with retail area, 7 tech work stations, full monitoring equipment and access / climate controlled server room. Many remote locations for distribution of microwave signals.

Competition: Comprehensive package on file covers this, NDA is required.

Growth & Expansion: Comprehensive package on file covers this, NDA is required.

Financing: If the price & deal structure is right.

Support & Training: Two (2) weeks, ten (10) hours per week as needed. Possibility of having professional transition consulting for seamless transition to new ownership.

Reason for Selling: Comprehensive package on file covers this, NDA is required.

Related Links And Information Regarding This Posting

Helpful Resources To Assist In Selling And Buying California Businesses

Peter Siegel, MBA, BizBen Founder, ProBuy, ProSell Programs Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Bob Hughes, Business Broker: Coachella Valley Area Bob Hughes is a business broker & is President of Hughes Properties. Hughes has a wide variety of entrepreneurial experience with the personal ownership & sale of numerous businesses, and has sold over 200 small & mid-sized businesses in the Riverside County marketplace. Call Bob at 760-323-8311.

Jeff Back, Broker: Restaurant Specialist - SF Bay Area J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years. Call 925-736-8200.

Elizabeth McGovern: Escrow Services - San Francisco Bay Area McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.

Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

Business Purchase Financing Expert Peter Siegel - Tips On Proving Cash Flow What are the actual "provable" adjusted net earnings (cash flow) of a small to mid-sized business being purchased? Buyers need to look carefully at all financial info for the "real" adjusted net income/cash flow. Peter Siegel, MBA (BizBen ProBuy & ProSell Lead Facilitator) at 925-785-3118 explains.

Thinking About Selling A Small Business? Know These 8 Factors That Matter The likelihood of selling a business is often determined by external factors in the marketplace. Here are eight influences on how easy, or difficult it might be when selling a small California business. Peter Siegel at 925-785-3118 (BizBen ProSell Program) explains these factors for owner/sellers.

October 2019: 1,494 California Small Businesses Sold Stats - BizBen Index In October 2019 total sales of California small to mid-sized businesses sold were up 46.2% from last month and up 2.7% from the same time last year in California. Some of the more popular Counties in California with higher sales included: Los Angeles County, Orange County, San Diego County, etc.

What Should I Do If Other Buyers Are Trying To Buy The Same Business As Me? Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Potential small business buyers are offered a few key ways that a buyer can beat out other potential business buyers in this article.

Unreported Income: Should Sellers Disclose Unreported Cash To Buyers? Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.

Who Really Represents The Business Buyer In A Deal? Does Dual Agency Work? Who really represents the buyer? The selling broker or agent through dual agency? Many brokers and agents weigh in on this Discussion on BizBen. Bottom line is all business buyers need to know who really represents them and has their best interest at heart when seeking and negotiating on deals.