IT Services Business for Sale in Charlotte (#1620)

Revenue:
$3,675,770
Cash Flow:
$1,617,381
Region:
North Carolina
Location:
Charlotte, NC
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

Net Income Is Up 36% Over Last Year Through 8/31/21

Overview

  • Trailing 12 months revenues were $5 million & net income was $2 million thru 8/31/21
  • The company has been in business for over 15 years and has two divisions – a Healthcare IT Services Division and an SMB IT Services Division.
  • They are responsible for the purchase, setup, deployment and repair of field devices for their healthcare customer.
  • This customer has been a customer for over 10 years.
  • There could be potentially significant synergies for a new owner to provide services to this customer that our client isn’t currently capitalizing on – cyber security, VDI, data center ops, VMware, compliance audits, cloud migration & server maintenance.
  • The work that our client does for this healthcare customer could also be duplicated inside or outside of healthcare with other nationwide companies that deploy and recondition large quantities of field devices.
  • The SMB IT Services division provides Managed Services, IT projects, repairs, cloud services, network services and VOIP phone systems.
  • The company has a strong management team and a team of engineers in place.
  • This business has been pre-qualified for a 10-year SBA loan with a $556,000 down payment.   $200,000 of working capital is also provided by the lender.  There is no seller financing or working capital provided by the seller.
  • This is an impressive opportunity that will sell very quickly.

Please call Greg White at 704-561-2503 or by email at [email protected].

Revenue:
$3,675,770
Cash Flow:
$1,617,381

Your Listing Advisor.

Dan Wilson

Dan Wilson

Managing Partner

Dan Wilson comes to Viking with an extensive background in entrepreneurship and IT service and support as the previous owner and founder of Waypoint Solutions Group (rebranded and merged as Complete Network in 2017), a managed IT services provider located in North Carolina. Dan’s company held multiple awards as a five-time INC 5000 winner, an eight-time MSP501 winner (top MSP’s globally), as well as a three-time Charlotte Business Journal Fast 50 winner as one of the fastest growing companies in the Charlotte, NC area. Throughout his 16 years of entrepreneurship, Dan has experienced the facilitation and process of multiple merger and acquisition deals. His knowledge as a previous business owner gives him hands-on, firsthand experience in assisting other entrepreneurs in planning their exit strategies. Dan has seen the struggles and pitfalls surrounding the sale of a business, and he plans to make it his mission to guide and protect entrepreneurs in completing the single largest transaction of their lives.

Married for 17 years, Dan and his wife, Lynne, are the parents of three daughters. His hobbies outside of the office include sailing and cycling. From 1987-1998, Dan was a United States Air Force Active Duty, and is on the Board of Trustees for the Patriot Military Family Foundation, as well as a Board Member of the Adaptive Sports and Adventure Program (ASAP). He has also been a member of the Entrepreneurs Organization for 10 years, serving four years on the US East Regional Board, Local Chapter Board for eight years, and as President for two years. Dan hopes to bring professional and confidential representation to a segment of the Raleigh, NC market where it is hard to come by.

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