Project Description

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. 

Financial Overview

  • 2018 Revenue: $2,231,780 (January to September 2018)
  • 2018 Profit: $943,491 (January to September 2018)
  • 2017 Revenue: $2,434,937
  • 2017 Profit: $1,176,329

Additional Details

  • Status: Under LOI
  • Employees: 7
  • Years Established: 2011
Asking Price: $3,850,000
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