Reply to TV Ravichandran <r...@global1company.com>
Dear Partner:
Appreciate if you could pass the following information to the interested
people, thanks for the help.
*IT Companies Buyers:*
There are many interested buyers looking to buy IT Companies, with any
condition and with revenue anywhere from $1,000,000 to $300,000,000.
*IT Companies Sellers:*
Following are some of the IT Companies that are available for acquisition:
*1. NJ Company* with IT Staffing - Around 55 employees on billing and 23
confirmed future employees (new H-1B’s and bench) - Total Revenue around
$7,650,000 - Around $1,300,000 Gross Profit. Direct Clients. Looking for
$2,500,000 as sale price. Open for an investor to bring $1,000,000 and take
50% of the ownership in the company. Then grow the business to $15,000,000
in 3 years and then cash out. Looking only for serious buyers who can
provide binding LOI with a good faith deposit along with proof of funds.
*2. NJ Company* with IT Staffing - Around 65 employees on billing - Total
Revenue around $8,650,000 - Around $1,500,000 Gross Profit. Direct Clients.
Looking for $3,000,000 as sale price. Already refused an offer for
$2,250,000. Wants only $3,000,000. Looking only for serious buyers who can
provide binding LOI with a good faith deposit along with proof of funds.
*3. NJ Company* with IT Staffing - Around 18 employees on billing and 14
confirmed future employees (14 new H-1B approvals in this year quota)-
Total Revenue around $2,000,000. Expected revenue $4,000,000 - Around
$280,000 Gross Profit and expected gross profit $480,000. Looking for
partner who can take 75% of the company by investing $500,000 and to
support financially to continue run the business. Has interesting other
business also in the education domain, helping US Universities to get
students from India.
*4. TX Company* with Direct Clients, Managed Services and Application
Development projects - Around 7 employees - Total Revenue around $1,000,000
- Around $110,000-120,000 Gross Profit (before tax advantaged measures).
Will continue to stay on and provide support for a period of time as
necessary. Looking for $600,000.
Company is in business since 1994, typically profitable on a pre-tax basis,
small, 6-7 people. Company is primarily consultants, custom application
developers and managed services providers, have worked in many different
industries and have a very loyal and varied customer base. SQL and .NET
Development, Web Design, Lotus Dominos and Lotus Notes, Hosting and
Co-Location.
*5. CA Company* – General Staffing (Healthcare / IT / Industrial).
Temporary and Direct placements. Revenue around $750,000. Cash Flow
$50,000. Established in 2007. Wants to pursue other interests. Looking for
serious buyers with good offer.
*IT Companies Sold: (FYI)*
Following are some of the IT Companies that got acquired recently:
*1. CT Company* with IT Staffing - Around 13 employees on billing - Total
Revenue around $2,000,000 - Around $280,000 Gross Profit. One Direct
Client. Sold at 1.5 years gross margin for direct client placements and 1
year gross margin for vendor placements.
*2. PA Company* with IT Staffing - Around 35 employees - Total Revenue
around $5,000,000 - Around $1,000,000 Gross Profit. Direct Clients. – Sold
at 15 months gross margin in cash and 6 months gross margin in shares.
Owner joined the buyer to continue the operation. Win-Win Deal.
*3. TX Company* with IT Staffing and Direct Client - Around 15 employees -
Total Revenue around $2,000,000 - Around $300,000 Gross Profit. - Sold at
15 months gross margin in cash and 6 months gross margin in shares.
If you would have come across any IT Companies that you tried to take over
and it did not workout, please pass the information about those companies
to me. I may have buyers for them. Appreciate this help.
Ravi
Richardson TX
Phone 469-444-0560
*r...@global1company.com <r...@global1company.com>*
www.global1company.com
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