IT Staffing, Consulting & Training (New Jersey)

The firm for sale is an Information Technology (IT) Staffing, Consulting and Training Firm located in New Jersey. Founded in the mid-1990s, the firm has grown to become a significant value added provider of staff augmentation, training, and consulting services for a diverse base of fortune companies. The current owner acquired this company approximately 4 years ago and has grown the firm from approximately $500,000 in revenues to $2.28 million for 2004 and an expected $3.0 - $3.25 million for 2005.

Through July 31, 2005, the firm has already generated $1.775 million in revenues, and is now at a run rate nearing $300,000 per month.

The firm’s core competency is placing professionals in training positions, including skills such as instructional design, career and content development, training analysis and instructor led along with distance learning training facilitators. The firm additionally places consultants directly in IT positions including project management, systems administration, network engineering, and other IT specialties.

The firm has established very strong relationships with its instructors and consultants, which is why the owner believes the company delivers quality on a consistent basis. The company’s account managers (the owner included) have developed strong relationships with clients who continue to provide the firm with repeat business.

Key Financial Figures

• 2004 Revenues: $2,285,592

• 2004 Recast EBITDA: $549,059 (after $100k replacement salary)

• 2005 Forecasted Revenues: $3.0 – $3.25 million

• 2005 Forecasted Recast EBITDA: $950,000 (after $100k replacement salary)

• Current Monthly Run Rate: $280,000 - $300,000

• # of Consultants Currently on Billing: 26 (as of 8/05)

• Average Bill Rate: $78.27 per hour

• Average Pay Rate: $47.45 per hour

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