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Why MergerPlace
This is an opportunity to buy a business that provides high quality and cost-efficient executive suite services to professionals. Industry consideration: Demand for executive suites has increased as companies seek to mitigate risk during uncertain economic times. Company considerations: The company enjoys skilled, loyal human resources and a diverse client base. The current owner spends approximately 20-30 hours per week performing high-level management/strategic functions and is willing to work in a variety of capacities after the sale to ensure a smooth, successful transition. Revenues have averaged approximately $1.4 million in recent years with the Company enjoying profitability in each year. Furthermore, an additional high-margin revenue stream, virtual office services, has seen particular growth recently throughout the industry and represents a strong potential for future growth while diversifying the Company services offering. The owner is receptive to structuring a deal based on a combination of cash, seller note and earn out.