Southern MN IT Consulting, Consistently Profitable

Business Overview:

For sale is a consistent and profitable IT consulting firm, located in a growing community in Southern MN (is NOT located in the Twin Cities Metro Area).
This company serves as the outsourced IT department for its clients, focusing on offices of around 20 employees with no dedicated IT staff of their own.  With an established name for over 30 years and a great workforce, this company is able to generate consistent profits, with plenty of room for growth.
A new owner should be prepared to take over the accounting and executive management of the business, otherwise the seller is open to transition plans to make the ownership change as seamless as possible.

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Property Features and Assets:

Real estate is owned by the seller and the seller is open to lease or purchase options.

Assets = $145,100

Market Competition and Expansion:

Shifting technology trends have boosted demand for new services and encouraged companies to replace older, more traditional technology. IT consulting companies compete on their ability to provide the latest and most efficient technological solutions to clients. Consultants have also benefited from broad economic growth in the aftermath of the COVID-19pandemic, especially from the increase in corporate profit among businesses.Businesses are more likely to invest in new computing infrastructure when they are profitable, which has been the case in recent years. The industry is expected to continue expanding in the coming years, with revenue forecast to climb at a CAGR of 3.7% to $854.0 billion. The continued shift to cloud computing and the rising use of data analytics will increase security concerns for businesses, boosting the need for IT consulting services. These needs will be especially prevalent for financial and insurance companies, which manage highly sensitive data. To the benefit of IT consultants, the Finance and Insurance sector (IBISWorld sector report 52) is expected to grow steadily in the near term.— IBIS World

To increase sales add sales people.  There is currently only one person doing outside sales for the organization.

Reason for Selling:

Additional Details:

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