OFFICE EQUIPMENT SALES & MAINTENANCE
ASKING PRICE: $6,300,000
REVENUE: $5.3M (2023)
EBITDA: $1.75M (2023)
Profitable office equipment sales and maintenance company. In business since 2002, this company has an excellent reputation for customer service and community involvement. It’s one of the largest independent suppliers of office equipment in the region with a strong blue-chip list of local clients, including non-profits such as schools, hospitals, and government organizations. They are authorized dealers for Konica Minolta, Toshiba, KIP, and Brother and sell throughout San Diego, Riverside, Orange and Los Angeles Counties.
Revenues were over $8M prior to Covid but declined due to closures during the pandemic. The owners made the conscious decision to hire back and rebuild slowly, focusing on the largest accounts. They have seen steady growth over the last three years.
Approximately 50% of revenue is recurring from contracted service agreements. Equipment sales makes up most of the other revenue. They do not lease directly to customers, but instead has close partnerships with lenders for equipment leasing.
The company has received numerous awards including being voted one of the top 100 companies in the US.
The owner is ready to retire but will train and transition.
BUSINESS LISTED BY:
Jordi Lanatta, MBA
CA DRE 02209994