The owners of this highly profitable computer repair business would like to sell because one of them has negotiated a consulting job with the Chinese government. The company has been in operation since 1995 and boasts a customer list of over 10,000 - from county-wide school system contracts, to the individual with a laptop issue. The company mainly employs enthusiastic college age students who have the street knowledge and personality to be both customer service personnel and expert diagnosticians.
The business revenues are in the range of over $1.1 million with cash flow of $210,000. The owners have truly discovered a niche in the marketplace. While reducing gross sales, their bottom line has maintained a consistent, impressive cash flow by increasing repair services and less a focus on equipment sales. All the big box stores repair departments refer their customers who are not inclined to send their PCs back to the factory for a week or two. By accommodating this type of client, the subject company has developed a tremendous reputation for quick, quality workmanship.
Buyer has the option to purchase or lease their stand-alone, 6,200 sq. ft. building, for $550K. Additional opportunity exists to exponentially increase revenues with the plausible concept of franchising this unique method of operation. Seller would be amenable to a joint venture along these lines.
For an extremely fair price of $600,000 plus inventory, (less than 3 times cash flow), this is a great opportunity for a computer savvy investor.
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