Technology Consulting Firm w/International Clients

About Technology Consulting Firm w/International Clients

Located in Atlanta, this technology consulting firm with international clients has 40+ skilled employees in place to handle any job. Specializing in placing skilled engineers on site to build custom applications and software, notable clients have included 3M, Intel, Gulfstream, Scientific Games and more. The seller is currently working on securing contracts in the defense arena that should prove to be a great growth opportunity.
Having made a name for itself over the past 25 years, the company continues to grow and now works with between 35 - 40 engineers on nationwide projects. However, the majority of clients require service in the Atlanta area. Engineers will travel where the client needs them, including oversees, which occurs roughly 5% of the time.
Growth exists in bidding more contracts. The seller had a large infrastructure build contract in 2015 that bumped gross sales to over $7M. Seeking out more of those opportunities, as well as government contracts, will provide great income streams.

Asking Price:
$2,600,000

Gross Revenue:
$5,121,032
Cash Flow:
$597,549
(Seller's Discretionary Earnings

About the Business
Year Established:
1992
Number of Employees:
40
Facilities:
Lease: Small office space is rented – employees are able to work from home but come into the office 2 to 3 days per week

Assets Included in Purchase: $524,038
Equipment: Office furniture and fixtures
Intangible Assets: Relationships, reputation, contacts
A/R: $524,038

*amounts may vary
Market Outlook/
Competition:
Services: Software development, PLM software, software configuration management, software QA/testing, telephony engineering
Industries: High Tech, Aerospace, Manufacturing, Media & Information Services, Telecommunications, Healthcare, Defense
Growth & Expansion:
Bid more contracts