| PROFILE: Custom Software Development & Support; Staffing; Microsoft Application Tools |
| Status: |
Available |
|
| State: |
Ohio |
|
| Location: |
Cincinnati |
|
| County: |
Hamilton |
|
| City: |
Cincinnati |
|
| Primary Category: |
Service Related |
|
| Alternate Category: |
None Given |
|
|
|
| USABizMart Ad #: |
124479 |
|
| Seller Or Contact: |
Wayne Corney |
|
| Primary Phone: |
513-241-3700 |
|
| Alternate Phone: |
None Given |
|
| Email Address: |
See Form Below |
|
| Date Ad Started: |
4/21/08 |
|
| Date Ad Last Revised: |
4/21/08 |
|
|
| Asking Price: |
$4,200,000 |
|
| Down Payment: |
$4,200,000 |
|
| Annual Revenue: |
$5,500,000 |
|
| Annual Adjusted Net: |
$1,600,000 |
|
| |
|
|
| Price Range: |
$1 Million + |
|
|
|
| Franchise: |
No |
|
| Relocatable: |
No |
|
| Home Based: |
No |
|
| Lifestyle: |
No |
|
| Real Estate Included: |
No |
|
| Bkr To Bkr Cooperation: |
Call |
|
|
DESCRIPTION: Microsoft Application Developer
This Company Is A Cincinnati, Ohio Based Information Technology Services Provider That Offers Technology Solutions For Commercial, Government, And Educational Clients Located Primarily Within A 60 Mile Radius Of Cincinnati. The Company Provides Expertise In Application Development, Database Design, Application Integration, And Project Management. The Company’s Core Technology Focus Is In Microsoft Development Technologies.
The Company Has Separated Itself From Other I.T. Solution Companies By Focusing On A Core Set Of Technologies (Microsoft Development Tools), Rigorous Hiring Approach, And Commitment To Excellence In The Delivery Of Services. This Business Model Has A Successful Track Record In Delivering Price Competitive Solutions With Outstanding Results. Using This Approach, The Company Has Achieved Customer Satisfaction, Price Competitiveness, And Customer Retention. Over 85% Of The Company’s Revenues Are Generated Each Year From Long Standing Customers.
The Company Has Approximately Forty Employees. The Consultants Have A Wide Range Of Development Expertise That Includes Leading-Edge Microsoft Development Platforms, Various Database Technologies, And Project Management.
The Owner Will Provide An Adequate Transition Period That Will Allow For A Smooth Transition Of Ownership And Retention Of Clients, And Sign An Appropriate Non-Compete.
The Business Is Offered At $4,200,000 As An Asset Structured Sale. The Purchaser Shall Receive All Fixed Assets And Intangible Assets Of The Business, Free And Clear Of Debt. Seller Shall Retain Cash And Receivables, And Satisfy All Liabilities As Of Closing.
Recast Historical Statement Of Income
For The Fiscal Years Ended December 31 In Thousands (000's)
---------------------Historical---------------------
2004 2005 2006 2007 2008e
Sales 3,345 5,100 5,509 5,600
Ebdit** 1,050 1,768 1,647 1,600
Ebdit: Earnings Before Depreciation, Interest & Taxes
Note: Salary Expense (Of $125,000) For New Owner / Manager Has Been Included In The P&l; This Is A True Ebdit.
|
|
|
