This Managed Service Provider is a full-service IT provider located in the Milwaukee area, Wisconsin. Headquartered in Waukesha county, this opportunity includes both the business and the real estate.
The company commands a strong monthly recurring revenue service agreements and primarily serves educational, nonprofit and professional service industries. The five largest clients by revenue made up approximately 50% of topline revenue in 2023.
The company’s most recent initiative has been oriented around providing access control and monitoring services to their education clients. The company enjoys a positive-sum relationship with a hardware provider specializing in this space - this relationship includes sharing high quality customer leads to the company. These potential clients interface with a senior technician responsible for closing these leads.
The sellers are a husband-and-wife team who are pursuing an exit in order to retire. The husband leads the technicians and is responsible for sales outside the above aforementioned funnel. The wife serves as the chief administrative officer, supported by a business manager and outside accountant.
Profitable hardware sales contribute to topline revenue with approximately 75% of clients on a refresh schedule. Strong demand from education clients provides predictable, albeit cyclical, recurring revenue.
The sellers also own the real estate the business occupies and would prefer to sell the building and business together in a tax advantaged transaction – building is not included in the asking price.
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