IT Services Business with Long Term Engagements – Sold
Price: $2,100,000
Annual Revenue: $6,084,590
Net Cash Flow: $650,000
Industry: Technology
Location: St. Louis, Missouri
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Established for 20 years, this IT staffing company has earned a reputation for providing talented IT professionals who create and support mission-critical applications for many businesses throughout Saint Louis. Their typical engagement is 18-24 months long which provides a nice predictable revenue stream. They currently have 30 people on billing and have active relationships with over 100 local clients. This business has not made a cold call in over 10 years, which is a reflection of how their clients value their services. Includes a small but long-tenured and experienced internal staff.
Listing Details
Reason For Sale:
The seller would like to gain more personal time.
Training & Support:
The seller is willing to enter into an employment agreement, with the buyer to ensure all customer relationships continue seamlessly.
Operation
Employees: 4
Summary
Competition:
They are very well known throughout St. Louis and do not need to market to maintain their current growth rate.
Potential Growth:
They have opportunities outside of St. Louis that they do not pursue.