IT Services Biz serving State & Local Govt. w/ Contract Vehicles

Asking Price$16,500,000

Cash Flow
$1,900,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$10,048,237

InventoryNot Disclosed

FF&ENot Disclosed

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IT Services Biz serving State & Local Govt. w/ Contract Vehicles


Asking Price$16,500,000

Cash Flow
$1,900,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$10,048,237

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
This IT services firm has been serving state and local public entities in CA through a number of contract vehicles for over 20 years. Services provided include Cyber Security, Cloud Solutions, Project Management, IT Staffing and Software Development. They also have many software reseller agreements and can provide a complete client solution through the CA SLP program. They maintain a relatively small W2 employee staff of management, technical and administrative professionals and utilize a broader staff of contractors which enables them to best serve their client's needs and remain flexible to market dynamics.
About the Business
Years in Operation
19
Facilities & Assets
They sublease 1,000 square feet of space. About half of the employee staff regularly work at this location. The remaining staff typically work remotely.
Market Outlook / Competition
The company has deep relationships with state and local entities and their contract vehicles ensure continued new opportunities.
Opportunities for Growth
There are tremendous growth opportunities to expand within the state. This company is serving a relatively small numbers of state and local entities and their contract vehicles provide opportunity to expand these greatly.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,000
About the Sale
Seller Motivation
retirement planning
Transition Support
The sellers are committed to a succesful transition of contracts, relationships, employees and partners.
Listing Info
ID
2435849
Listing Views
43

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Business Listed by: Lincoln Taylor Synergy Business Brokers

Listing ID: 2435849 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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