Chimera Strategies Announces Quasi-Retail Information Technology Disaster Recovery and Repair Company for Sale

EAST HILLS, N.Y., May 2, 2011 /PRNewswire/ -- Chimera Strategies, a business brokerage firm located in New York, is representing a quasi-retail information technology disaster recovery and repair company for sale.

Outstanding Features

The information technology company, located in Manhattan, was established over 20 years ago.  It has a quasi-retail footprint in one of the most desirable locations in Manhattan. Net receipts or sales are generated from walk-ins, referrals and IT services clients.  

It performs two types of services or a) disaster recovery generating 50% of net receipts and sales and b) repair services.  Its clients consist of a) walk-ins representing 25% of net receipts or sales, b) referrals representing 50% of net receipts or sales and c) as needed IT services clients with 2 to 10 networked computers.  Additionally, 70% of its clients are located in that same location and another 30% are in the entertainment industry.  Types of clients include an upscale supermarket, a law firm, a non-profit, a designer, and a financial services company.

Financial Highlights

Our client's net receipts or sales were $114,429 and cash flow was $23,290 in 2009.  Net receipts or sales are down 25% in 2010 primarily due to a change in the hours of operations or being closed on Saturdays.

The Ideal Buyer

The ideal buyer is a young entrepreneur that has exceptional skills in information technology.  The business will be only as good as the information technology skills of the owner.

The Asking Price

For the asking price of $130,000 the ideal buyer receives 1) assets, 2) inventory, 3) the ability of those assets to produce cashflow and 4) goodwill.  The assets are a) an invaluable library of source disks for operating systems and software applications used in disaster recovery and repair services and b) a plethora of hardware and accessories also used in disaster recovery and repair worth $18,000.  The inventory consists of hardware, parts and accessories worth $25,000 at cost.  The assets produce an average annual cash flow of $17,605.  And, the goodwill includes a) a below market lease in one of the most desirable locations in Manhattan, b) a concentration of customers in that same location, c) a part-time employee with exceptional information technology skills and d) the owner staying on to engineer a smooth transition.

Contact Information

Please contact Gary Kane at Chimera Strategies LLC for additional information and to receive a confidential prospectus.  Gary can be reached by phone at 855-chimera (244-6372) x801 Direct Toll-Free or by email at [email protected].

About Chimera Strategies

Chimera Strategies is a full service business brokerage firm offering our clients' unrivaled knowledge and experience in all phases of a sale, merger or acquisition.  Our mission is to close a transaction as quickly as possible and at a price and terms that meet or exceed our client's expectations.  Additional information about Chimera Strategies can be obtained by visiting our website at www.chimerastrategies.com.

Disclaimer

This Memorandum contains certain statements, estimates and projections provided by Chimera Strategies LLC and the business being represented with respect to its past and anticipated future performance.  Such statements, estimates and projections reflect assumptions by Chimera Strategies LLC and the business being represented concerning past and anticipated results, which assumptions may or may not prove to be correct.  No representations are made as to the accuracy of such statements, estimates or projections.

SOURCE Chimera Strategies