Fast Growing IT Consulting Company for Sale

Photo not provided

Seller:Jai Verma

Location:Not Disclosed

Listing Num:53328127

Industry:Technology: Software

Asking Price:Not Disclosed

Year Est.:3

Employees:8

Yearly Revenue:$1,000,000

Yearly Cash Flow:$200,000

Yearly EBITDA:$NA

Yearly Net Profit:$190,000

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

Person Circumstances

Overview of the Business:

An established IT consulting and staffing services firm specializing in professional services/staff augmentation and custom application development & support. Headquartered in NJ, it has worked through IT Professional services in broad range of industry domains with blue chip companies’ clientele in Banking, Media and Utilities sectors. The company has leading vendor accreditation's, Client MSAs (Master service agreements) and highly sought after partnerships, such as with SAP and Microsoft. The company is adept at hiring visa sponsored employees in addition to GC holders and citizens. The Company manages a staff of highly skilled and loyal employees who are IT professionals that are proficient in a wide spectrum of Microsoft technologies and ERPs such as SAP, Oracle, Tririga. Company total projected revenues for the year 2009 are $1.0 million, with EBITDA of $200,000. The Company has an unused available Credit line The Company has an assured revenue streams from ongoing contracts.

Property Features and Assets:

The Company is operated from a leased property which has flexible lease terms and business can be easily relocated

Market Competition and Expansion:

The Information technology is experiencing growth this year which will continue in the years to come to meet the various needs. This business will experience an exponential growth in the years to come.