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Description

SOLD ‘Q4 2021

Chicago Area Web Development, Web Design & Hosting Firm

Chicago, IL (Cook County)

Seller Financing Available

Asking Price: Competitive Auction Format

Cash Flow: $50,000

Recurring Revenue: $75,000

Gross Revenue: $150,000+

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2003

Employees: 3 (others 1099)

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 {SUBMIT BELOW} for 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.

Support & Training:

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.

Contact info

Pronova Partners

Inquire about this property

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