Business for Sale: VoIP/Telecom Solutions Provider

Business for Sale: VoIP/Telecom Solutions Provider

Located in the Washington DC-Baltimore area,  this telecommunications firm has been serving their commercial client base since 1990. Well established with a focus on customer service, this firm has nearly 900 current clients.

This business sells both VoIP and premise-based solutions and is poised for expansion with identified opportunities for a new owner to grow the business. Employees are extensively trained on equipment and also focus on educating customers to derive maximum benefits from their telephone systems.

Products lines include:

  • Avaya IP Office
  • Avaya Cloud
  • Nortel
  • Toshiba

Telecommunications Financials

 

 

It is important to note that service revenue for the last 3 years averages $615,754 or 51.5% of total revenue

In the past 30 years, and through several recessions, the company has remained financially sound, un-impacted by the fluctuations of the economy.

The owner is willing to stay on for an agreed upon period of time to train the new owner and transition clients.

Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.

Click here for a Non-Disclosure Agreement and Finance Document

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


 

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: Mid-Atlantic Consulting Firm – Under LOI

Business for Sale: Mid-Atlantic Consulting Firm – Under LOI

A Letter of Intent has been signed for this business. Harvest Business Advisors is now working with the seller and buyer for a successful transaction.

Harvest Business Advisors presents a well-regarded analysis/litigation consulting firm for sale.

Located in the Mid-Atlantic region, this firm has proven expertise in analyzing, assessing and resolving critical issues regarding software, intellectual property, managed services agreements, and other IT matters.

Company clients and work extends nationally and internationally. Company is fully staffed and self-supporting.

Key Features:

  • Average revenues of $2,900,000 with $700,000 seller’s discretionary earnings.
  • Outstanding growth opportunity in the  Mid-Atlantic market due to well-defined technology niche
  • Diverse customer base of leading law firms
  • Experienced long-term senior staff

 

Industries of Expertise include:

  • Information Technology
  • Manufacturing
  • Government Contractors
  • Environment
  • Education
  • Healthcare
  • Energy

A strong merger/acquisition opportunity for a legal practice that would like to expand and/or diversify their current services.

Seller will consider small second trust.

Click here for a Non-Disclosure Agreement and Finance Document.

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to GCaruso@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

State by State “Reopening” Status

State by State “Reopening” Status

Harvest Business Advisors serves businesses in multiple states. Our brokers have been carefully tracking how the state governors have been dealing with the COVID-19 crisis – and watching how they are approaching “re-opening” their state’s businesses. It’s a delicate balance between public health and the health of the economy, between protecting worker’s safety and providing a safety net for business.

Here is a recap of recent statements by each state in our service area:

Maryland

Other than keeping Marylanders safe and saving lives by defeating COVID-19, there is absolutely nothing more important to me than getting people back to work and getting businesses reopened. I want to get people back on their feet and get our economy back on track. We will do that as quickly as we possibly can in a safe, gradual and effective way.” Said Governor Larry Hogan as he unveiled the state’s Maryland Strong Road to Recovery   plan on April 24, 2020. The Road to Recovery identifies key risk factors milestones which are broad in character and contains components within each stage.

Schools will remain closed for this school year.

Virginia

Gov. Ralph Northam issued a stay-at-home order effective until June 10. A separate executive order that restricted certain businesses and crowds of more than 10 people will expire May 14. Governor Northam recently suggested some restrictions may be lifted, a “soft” re-open but has not yet provided specific details.

On April 24, Governor Northam shared the progress made by Virginia and a blueprint for phases for reopening the state if certain health benchmarks are met and maintained.

Schools will be closed for the remainder of the school year.

Elective surgery and dental procedures in Virginia were allowed to resume on May 1.

Washington D.C.

On April 23,  Washington DC Mayor Muriel Bowser has created a “ReOpen DC” Advisory Group which will include experts from the Johns Hopkins Bloomberg School of Public Health.

“ReOpen DC is about working together as a community to reopen Washington, DC in a way that is safe and sustainable. Together, we will create a plan that is based in science and tailored to the needs of our community.” said Mayor Bowser.

ReOpen DC has defined on three phases of reopening:

  • Emergency Response – Where we are now
  • Stabilization – what ReopenDC will focus on, which involves relaxing restrictions but closely monitoring and quickly responding to negative metrics
  • Long-term Recovery – How we find a new, more resilient normal. Likely started once a vaccine is widely available

 

New Jersey

“Extending this declaration ensures that we can continue using every resource at our disposal to mitigate the spread of COVID-19,”said Governor Murphy.“But I want to ensure that this extension is not interpreted to mean that we are reconsidering our path forward or changing course on the principles I laid out last week in the Road Back plan. We will continue to stand by these principles and protect public health as we responsibly take steps to get the economy moving again.”

Schools will remain closed through this school year.

Governor Murphy introduced New Jersey’s “Road Back Plan” that covered economic recovery and public health needs.

Pennsylvania

The commonwealth of Pennsylvania released their Return to Work Plan, determined by county statistics and milestones and specifies Work and Congregate Setting Restrictions and Social Restrictions in phases.

“We are planning for the days and weeks ahead when we will not only safely return Pennsylvanians to work but return to a different and more resilient Pennsylvania. While we cannot be certain of the future path of this disease, our decisions will be driven first by prioritizing the health and safety of all Pennsylvanians.

To that end, the Commonwealth is partnering with Carnegie Mellon University (CMU) to create a data-driven decision support tool that will enable a balance between maximizing the results of our economy while minimizing public health risks”.  said Governor Wolf.

Note: Pennsylvania and New Jersey are part of a coalition of northeastern states coordinating the reopening of the economy safely in that region.

Harvest Business Advisors encourages all our colleagues to continue to protect their health and the health of their employees. We can help you with your business health – and would welcome a conversation about how you can not only survive now, but prepare your business for the eventual rebound. Feel free to connect with us


Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia.
Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

SBA – Resource Round-Up – March 31, 2020

SBA – Resource Round-Up – March 31, 2020

The Small Business Administration now has a page on their website dedicated to Small Business
Guidance and Loan Resources regarding Coronavirus (COVID-19).

There you can quickly access information about:

Each local region also has resources available:
Maryland District Office
New Jersey District Office
Pennsylvania (Eastern) District Office
Virginia District Office
Washington Metropolitan District Office

In addition, the SBA is also offering regular webinars on applying for SBA Disaster Loans.

Be certain to check with your local and state Economic Development Administration for additional
support and resources. Many are offering grants to help businesses weather this crisis.

We are reviewing the CARES Act passed by Congress and will more to share about that legislation and
how it may benefit businesses very soon.

We hope you and your family and your employees are doing well and doing what you can to “flatten the
curve” to shorten this down time and return to normal soon. We are here and would be happy to
connect if you need to talk.


Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Washington DC Concrete Contractor Business Sold

Washington DC Concrete Contractor Business Sold

Harvest Business Advisors is pleased to announce a recent successful transaction.

InTown Restorations Concrete, located in Washington DC,  was purchased by In Town Acquisitions (A Private Equity Group)
Congratulations to the new owners!
We extend our best wishes to the sellers as they embark on their new adventures.

Interested in selling your contractor business? Download our e-book “What’s Your Number? A Contractor’s Guide to Contingency and Succession Planning”

Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.  We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Small Business Association offers “Emerging Leaders Initiative” in Washington D.C.

Small Business Association offers “Emerging Leaders Initiative” in Washington D.C.

Harvest Business Advisors typically works with business owners ready to sell their businesses, one of the common refrains you’ll hear from our brokers is to build your business to sell your business. With that in  mind, we encourage you to consider the Small Business Association’s 2019 Emerging Leaders Initiative program for small business owners in the Washington DC area.

For over a decade, the SBA has provided no-cost entrepreneurship education and training for executives of “poised for growth” companies (typically businesses that have been operating for at least three years, with annual revenues of at least $250K). Unlike programs for start-ups or new businesses, this program is geared towards businesses ready to develop a growth strategy.

From the SBA website, the Emerging Leaders Initiative program includes:

  • A three-year strategic growth action plan with benchmarks and performance targets to help the participant emerge as self-sustaining businesses that creates jobs and build communities
  • Includes 100 + hours of professional specialized training and peer-to-peer counseling delivered over the course of seven months
  • Specialized areas of training include:
    • Growth Strategies Plans
    • Financing and Access to Capital
    • Government Contracting
    • CEO Mentoring

The training is offered at a Washington DC location in addition to many other locations across the country.

The Emerging Leadership Initiative program provides – at no-cost – the opportunity to grow and strengthen your company.  If you qualify, we encourage you to connect with the SBA to discuss the program further.  It’s quite an opportunity – especially for Maryland, Virginia and DC companies that work in government contracting.

 

https://www.sba.gov/about-sba/sba-initiatives/sba-emerging-leaders-initiative

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