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26Y Old US Hosting Company offering Web Space and Connectivity CoAx

TBD

Description

This 26-year-old US Hosting Company offering Web Space and Connectivity is a solid company with outstanding retention rates. There are many customers that have been with the business since it was established in1994.

It has been profitable from the beginning. The owners do not spend anything on advertising and have no contractual commitment to any company.  According to the Seller, a buyer only needs to migrate the cPanel accounts and make some minor changes, forwarding the office phone number and they pretty much instantly add about $10,000 to their monthly revenue without any added expenses. The company gets about 2-3 support calls/emails per week and they are exclusively email issues or connectivity issues. Most email issues are solved over the phone.

Gross:
2017 – $321,946
2018 – $245,258
2019 – $193,628*
*
The reason the revenue went down 2017 to 2018 was because Owners had a collocated customer that took over a hosting cabinet instead of paying for the service.

The expenses are about $120,000 per year.

There are no own equipment. All servers are leased in data centers.

Detail

Updated on December 23, 2020 at 10:39 pm

Property ID:L#2020776
Property Type:Internet Businesses
Property Status:For Sale
Asking Price: $295K
Gross Revenue:$193.6K
EBITDA:TBD
Established:1994
Support & Training:3 Months
Reason for Selling:Retirement
Country:United States
City: New York

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