IT Staffing Firm with Offshore Consultants

Business Summary:
This is IT staffing firm has 33 consultants on staff, 12 of which are US based and 21 are offshore in New Delhi, India. The consultant’s scope of work includes software development, information management and documentation systems, plus software analysis and testing for clients in the industries of transportation, medical, and financial. The aging owner is willing to stay on and transition for 1 year, he has also offered to financing 15% of the purchase price plus roll equity of 15% to show his commitment to the success of the future owner. The owner works no more than 2-3 hours per week and there is no physical office space as all contractors are 100% remote making this business highly profitable with no overhead. The cash flow is over $770,000 and is on a 4-year growth trend, the clients are 100% repeat and the average tenure of the client is over 15 years.Priced at $2,250,000, with its established reputation and track record, this business is well-positioned for an acquisition. A 10% down payment of $225,000 returns $398,172 in the first year after debt payments! There is no special license or designation required to operate this business. Looking at future growth opportunities, this business could benefit from hiring a business development or marketing person to expand its client list as there is no growth strategy currently being performed. Additionally, a new owner could sponsor visas for the off-shore consultants.