Chicago Area Web Development, Web Design & Hosting

www.GlobalBX.com

Listing ID: 700362925

Listing Title: Chicago Area Web Development, Web Design & Hosting

Quick Link: http://www.globalbx.com/listing.asp?bId=362925

Industry: Technology – Internet Related

Industry Segment: Web Design and Software Development

Country: United States

State / Province: Illinois

Area

City: Chicago

Asking Price Range: < $250K

Gross Revenues: $150,000

Cash Flow: $50,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2003

Number of Employees: 1 - 3

Business Description:
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.



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