| Type: |
Location:
West Michigan, MI |
| |
Asking Price: |
$1,875,000 |
| |
Down: |
upon request |
| |
Adj Net: |
$820,000 |
| |
Annual Receipts: |
$950,000 |
| |
Listing ID#: |
GRANDMI001-N377 |
| |
Reason For Sale: |
Seller has been working mostly as a Sole Practitioner . His health and family life is suffering from overwork and he would like to free himself from the responsibilities. |
|
Description
HUGELY PROFITABLE COMPUTER REPAIR AND CONSULTING BUSINESS
Who ever heard of keeping 70 - 75% of your annual revenues?? This amazing computer industry business proudly boasts that astonishing statistic - and it has been sustained for over 7 years. Imagine billing $1.1 million - AND KEEPING $800,000!
This one-man operation, with the occasional assistance of his wife and a couple independent contractors has become available due to the owner’s declining health. His insistence on remaining a “one-stop-shop” for his vast number of loyal clients has required a damaging number of hours, which is largely responsible for his current condition. And no single customer has a higher concentration than 13%.
A technically strong organization could replace the Seller with two or three - hopefully, equally competent, savvy technicians - and still carry 50% to the bottom line.
Seller recognizes “he is the company”, and recognizes the need to remain visible / available for a lengthy period of time to assure a solid, confidence-building, client base transition.
This opportunity is tantamount to a medical practice purchase, where the patients are accustomed to being treated by an elderly doctor - his name continues to be on the door, except now patients are introduced to two new, young doctors who have assumed his practice. In these situations, an extremely high percentage of patients are retained - satisfied and secure with the talents of the new physicians.
In order to facilitate a quick and orderly transfer, Seller is willing to finance a sizeable portion of the sale - PLUS, it is already SBA PRE-APPROVED!! For further information contact Ken George 616 648-1132.
|
