Growing Technology Staffing Company with Fortune 500 ClientsListing: #SV00129
About this Business for sale in Greater San Francisco Bay AreaGrowing Technology Staffing Company with Fortune 500 Clients
This growing technology staffing company has major Fortune-500 clients throughout USA with over 45 active billable resources. Sales have grown from $1M in 2019 to $5M in 2020 primarily through client relationship and an experienced recruting team based out of India. This company offers the following services. 1. Technology Staff Augementation 2. IT Placement servies to its clients. This business is a great opportunity for an existing IT Services company to grow through acquisition and expand their service offerings. This is a strong company with direct and Tier 1 vendor relationships with well-known Bay Area companies in the Technology and other industries.
Founders are available for a smoother transition of the client contracts, employees and offshore team to the new owner. The asking price includes about $700K in Receivables.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.