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Trusted IT Leader -Diverse Industry Expertise & Strong Revenue Streams
Business Description
Proven IT consulting and managed services company with a 25+ year operating legacy and a track record of delivering mission-critical technology solutions. Established in 2018 as a spin-off, the business has leveraged decades of expertise to secure a loyal client base across financial services, healthcare, insurance, higher education, and manufacturing, industries where system uptime, compliance, and data security are non-negotiable. Its client diversity mitigates concentration risk, with multiple accounts each generating over 10% of gross revenue.
Recurring revenue streams, with 30% of sales generated through monthly retainers, provide predictable and stable cash flow. The client relationships are supported by annual contracts as well as multi-year contracts that range up to 3 years.
PRODUCTS & SERVICES
- Custom Software Development (43%): Tailored application design, integration, and support that address unique client requirements.
- Managed IT Services (41%): Comprehensive infrastructure management, user support, and risk monitoring delivered under long-term retainers.
- Project Management (8%): Enterprise-level oversight of complex technology initiatives, ensuring delivery on scope, budget, and timeline.
Recurring revenue streams, with 30% of sales generated through monthly retainers, provide predictable and stable cash flow. The client relationships are supported by annual contracts as well as multi-year contracts that range up to 3 years.
PRODUCTS & SERVICES
- Custom Software Development (43%): Tailored application design, integration, and support that address unique client requirements.
- Managed IT Services (41%): Comprehensive infrastructure management, user support, and risk monitoring delivered under long-term retainers.
- Project Management (8%): Enterprise-level oversight of complex technology initiatives, ensuring delivery on scope, budget, and timeline.
About the Business
- Years in Operation
- 7
- Market Outlook / Competition
- -Referral-Driven Growth: The primary driver of new business has been client referrals, underscoring satisfaction and credibility.
-Sales Cycle Efficiency: Warm introductions allow deals to close in 1–2 months, whereas cold leads require 2–4 months.
-Recurring Revenue Strength: Monthly retainers account for 30% of total sales, providing reliable annuity-style income.
-Pricing Discipline: Straightforward, budget-friendly rate schedules and blended resource rates differentiate the company from competitors’ bundled pricing. - Opportunities for Growth
- - Growth Potential: The reintroduction of cold-call lists, Google Ads, and a dedicated sales resource can accelerate market penetration.
- Retention Strategy: Weekly check-ins with clients maintain relationships and uncover cross-sell opportunities.
About the Sale
- Seller Motivation
- Retirement
Listing Info
- ID
- 2409314
- Listing Views
- 485
Listing ID: 2409314 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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