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Chicago Area Web Development, Web Design & Hosting
Location: United States -> Illinois -> Chicago
Industry: Technology – Internet Related > Web Design and Software Development




Business Summary

High retention rate(s) over the course of the company's history, the company provides ever-expanding technical expertise to small and medium sized businesses across the country. Projects include ground-up design and construction of websites, including domain name selection / consultation services, hosting, and maintenance on the Company's private and secure cloud-based server. Most clients are paid up through an annual billing cycle that completes in the first quarter, so the goal is to identify a strong buyer candidate this year, transfer the business through the remainder of 2021 so they can absorb the annual $75,000 recurring revenues and resultant cash flows in early 2022. Currently there are over 200 domains on its server that comprises the client base of ~160 customers. Many have been with the business for over a decade. There are no significant client concentration issues at this point, and C19 was not detrimental to the business, it was fairly steady.

NDA is required {LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities: Relocatable nationwide. No lease.

Competition: Professional service businesses like these are in a competitive industry but the Seller provides white glove service to every customer which keeps them around.

Growth & Expansion: Significant upside exists to go after new clients that could be serviced by the existing team of service providers the Seller utilizes for deliverables, plus cross-selling other services to the existing client base, depending on who the buyer is.

Financing: If the price and deal structure is right.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $150,000
Cash Flow:   $50,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  To ensure a smooth transition and ongoing success the Seller will assist in a reasonable transition to ensure maximum retention with terms TBA / negotiated.
Reason For Selling:  Retirement




Print Listing Id: 700362925
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Related Searches: Application Service Providers  >  E-Commerce and E-Tailers  >  Internet Service Providers  >  Web Design and Software Development  >  Other Technology - Internet Related  > 

Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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