Back to Listings Cloud Storage Services Technology Company (Under LOI)

Asking Price : $3,850,000

Annual Gross Revenue : $2,434,940

Annual Net Profit : $1,176,330

Profit Multiple : x3.27

Inventory Value: -

R-Index : 117

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From the Broker

7-year-old well established cloud storage technology company. Offering 8 different cloud-based storage plans for personal and business accounts. Over 6,100 paying customers! The owner puts in approximately 40 hours per week supervising and managing the business. 7 remote employees handle all aspects of the business including customer support, upgrades, and server management. Business is currently run from a home office.

Strong growth opportunities include adding additional products and services, commission-based sales team for business accounts, additional investment in PPC and SEO, affiliate marketing campaign and social media expansion. The seller will provide strong transitional support with side by side, hands on daily management with new owner(s) to ensure that the new owners feel totally comfortable with operation of the business. Owner is selling to focus on core unrelated technology business.

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Sale Pending: No

First Seen: Thu, Nov 29th 2018

Last Updated: Tue, May 7th 2019

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