Full service computer sales and service company for sale based in Southeast Minnesota. This company attracts and retains customers by acting as the IT department for clients as small as a home office to large corporate divisions. This company provides planning, installation, setup, service, training, and repair work for their clients' IT needs, and by partnering with their clients and providing transparent billing practices, has grown a highly loyal customer base.
The real estate the business is located in is owned by the seller and the seller is open to lease or purchase options. In addition, the seller is prepared to transition the business to a new owner under a longer-term arrangement, as needed. All equipment and inventory needed to conduct the operations of the business is included in the asking price.
The real estate is owned by the seller. The seller is open to allowing a buyer to assume the current lease, start a new lease, or purchase the building using various purchase techniques. The facilities are adequate for the current operations and are in a good state of repair.
There are many options to grow this business, including: 1) adding/emphasizing managed services, 2) emphasizing telephone systems sales and service, 3) expanding into new geographic regions, 4) increase charge rates, 5) expand marketing efforts outside of the limited channels currently utilized.
The primary activities of this industry are: Providing information technology expertise for consumers Writing, modifying, testing and supporting software to meet the specific needs of one client Planning, design and integration of computer or network systems On-site management and operation of IT functions The major products and services in this industry are: Computer systems development Custom services Technical support IT infrastructure Technical consulting Other services The IT Consulting industry comprises companies that help businesses design and implement information technology (IT) systems and infrastructure. Due to the low capital requirements of this industry, a modest number of operators are small non-employers or independent contractors. Over the five years to 2020, shifting technological trends toward cloud computing and data analytics have caused larger operators to acquire smaller companies and develop new products to stay relevant. Shifting technology trends have boosted demand for new services and encouraged companies to replace older, more traditional technology. Additionally, strong corporate profit growth and constantly rising investment in computers and software have supported the industry's expansion. Overall, industry revenue is projected to rise at an annualized rate of 3.1% to $459.7 billion over the five years to 2020, on the heels of a relatively steady increase in demand for industry services. However, the impact of the COVID-19 (coronavirus) pandemic is expected to fuel a decline of 4.0% in 2020, as private investment in software and computers is expected to decline. Over the five years to 2025, as the coronavirus pandemic gives way to an economic recovery, corporate profit is expected to rebound and support increased investment in computers and software. In particular, growth in demand from the Finance and Insurance sector (IBISWorld sector report 52), which represents the largest market for industry operators, is anticipated to benefit the IT Consulting industry. Additionally, the continued shift to cloud computing and the rising use of data analytics will heighten security concerns for businesses, precipitating increased demand for industry services. As a result of revived downstream demand, IBISWorld expects industry revenue to rise at an annualized rate of 3.2% to $539.3 billion over the five years to 2025.- IBISworld.com
Owner wishes to retire.
Will train for 2 weeks @ $0 cost. The company currently holds a Technology Systems Contractor license and a Power Limited Technician license, both through the MN Dept of Labor and Industry. Qualified buyers will have experience in the IT industry or should plan on hiring someone to replace the owner who has the required experience. Besides IT experience, the new owner or owner replacement should have experience managing staff and client relations.