Results 1 to 7 of 7
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01-11-2018, 04:03 PM #1
- Join Date
- Jan 2017
- Location
- Jacksonville, Florida
- Posts
- 12
Looking For $500k - Established IT Consulting Business Acquisition
I have a client who is a W-2 employee for an IT Consulting company (Company is Microsoft Certified). The owner of this company is going to retire and would like to sell the company to my client for $1.5MM. The business is profitable, established in 1994 and shows $2.8MM in revenue for 2016. Books through Nov 2017 have the revenue at $2.9MM+. The business has $0 debt and has $250k in receivables that will roll over to my client when he purchases the company. The owner is willing to hold a note for $1MM at a low-interest rate. The client has a 680 credit score, earns ~$240k annually and has over 20 years in the industry (17 with this company). Looking for a direct lender with decent rates. Business and client have minimal collateral besides 401k (personal) and outstanding receivables (business). No equity in Real Estate to speak of and no equipment to put up.
Thanks for any recommendations!
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01-11-2018, 05:40 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Kfundinghelp,
Please feel free to give me a call to discuss. Based on what you've posted there appears to be a path to getting this done- if the buyer and seller are on the same page.
Richard 516 510 3855
www.businesscapitalconsultants.com
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01-12-2018, 11:32 AM #3
- Join Date
- Jan 2018
- Location
- NYC
- Posts
- 16
I specialize in these kind of deals i would most certainly be interested in earning the business.
Please feel free to contact me at any time or email me.
Kathryn De La Torre,
Director of Finance
| Mobile | (347) 506-5118 | Office | (646) 491-6581
| Fax | (888) 894-3518 or (212) 706-0117
| Email |
KathrynD@ProsperumFunding.Com
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01-12-2018, 11:39 AM #4
- Join Date
- Jun 2017
- Posts
- 2,049
" The owner is willing to hold a note for $1MM at a low-interest rate"
Prosperum Specializes in Low-Interest ????
News to me.
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01-12-2018, 11:48 AM #5
- Join Date
- Oct 2016
- Posts
- 4,318
Prosperum offers in-house, low-rate acquisition financing? I call bull****.
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01-12-2018, 11:51 AM #6
- Join Date
- Dec 2017
- Posts
- 7
Lol
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01-12-2018, 11:53 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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