📢 Deal Alert - Library Software Provider & 4 more

Welcome to this week’s edition of Acquisition Alert!

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-Harry & Carter

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Table of Contents

• Library Software Provider

• Diversified Cleaning Business

• Telecom Testing Company

• Boiler Service Company

• Commercial Cooking Equipment Services

1. Library Software Provider

• Location: CO

• Asking Price: $2,750,000

• EBITDA: $555,917

• Multiple: 4.9x

• Revenue: $1,084,699

• EBITDA Margin: 51% 

• Employees: Unknown

• List Date: 7/9/24 

• Reason for selling: Unknown 

💬 Harry & Carter’s thoughts:

Operating for over 19 years, this SaaS business provides customizable software to medium and large libraries in the U.S. and Canada. It maintains a 98% customer retention rate and has stable, recurring revenue. The company serves major public libraries, including those in Los Angeles and Toronto, and state agencies. With less than 2% lifetime churn, the business is recognized for its reliable software. The current owner will assist in the transition, and seller financing is available

• 19 years in business

• Less than a 2% lifetime churn

• Products in 35 US states, Canada, and New Zealand

• Seller financing available

❓️Are there contracts in place with the libraries?
❓️What are the growth opportunities?
❓️Why is the owner selling?

Inquire:

Link to listing here

Broker: Keith Marlow

Contact: N/A

2. Diversified Cleaning Business

• Location: St. Lucie County, FL

• Asking Price: $4,200,000

• EBITDA: $858,163

• Multiple: 4.9x

• Revenue: $4,292,306

• EBITDA Margin: 20% 

• Employees: 95

• List Date: 7/9/24 

• Reason for selling: Retirement

💬 Harry & Carter’s thoughts:

With 41 years of operating history, this company has built a strong reputation in the community. Consistent year-over-year topline growth results in a purchase multiple just under 5x, reflecting the revenue stability in this industry. The business offers a comprehensive range of services, including general maid cleaning, commercial and residential construction cleaning, pressure washing, window cleaning, carpet and upholstery cleaning, and flooring cleaning.

• 40-year-old business

• Consistent profitable growth

• Offers diverse services

• Clean books and records

❓️What is the average customer ticket size?
❓️What is the current geographic footprint of the business?
❓️What does the competitive landscape look like?

Inquire:

Link to listing here

Broker: Andrew R. Cagnetta

Contact: 407-226-7171

3. Telecom Testing Company

• Location: Florida

• Asking Price: 5,000,000

• EBITDA: $709,121

• Multiple: 7.0x

• Revenue: $1,339,442

• EBITDA Margin: 53%

• Employees: 800 contractors

• List Date: 7/9/24 

• Reason for selling: Seller pursuing new career

💬 Harry & Carter’s thoughts: 

This is definitely a unique opportunity: a telecommunication testing and hosting company that operates in 200 countries. The company offers services including worldwide telephone number testing, telecom equipment hosting, IVR platform testing, WiFi hotspot testing, and global roaming quality assurance. With a seasoned and highly trained staff of over 800 contractors with local expertise in each country, the business maintains a 53% EBITDA and operates with a lean, low overhead structure. The owner is willing to stay on for one year to assist with the transition.

• High margins (53%)

• Established 17 years ago

• Diversified service offerings

• Global presence (200 countries)

❓️Who are the biggest competitors?
❓️Are any licenses/certifications required for a new owner?
❓️What is the owner’s main role?

Inquire:

Link to listing here

Broker: Russell Cohen

Contact: 954-646-7651

4. Boiler Service Company

• Location: NY

• Asking Price: $2,000,000

• EBITDA: $430,286

• Multiple: 4.6x

• Revenue: $1,633,911

• EBITDA Margin: 26%

• Employees: 3

• List Date: 7/9/24

• Reason for selling: Retirement

💬 Harry & Carter’s thoughts: 

For over 40 years, this company has specialized in servicing high-efficiency gas condensing boilers, leveraging advanced technology and mechanical skills. They maintain unique relationships with boiler manufacturers, offering startup, commissioning, and factory service. Located in a 2,000 sq. ft. suburban office outside NYC, this business would be an ideal add-on for an existing Mechanical or HVAC company. The team includes two full-time mechanics and one junior mechanic, all receiving ongoing technical training. The owner is retiring but will stay on as a consultant to ensure a smooth transition.

• Over 40 years in business

• Unique relationships with boiler manufacturers

• Healthy EBITDA margin (26%)

• Consistent growth of largest clients

❓️What are the licenses needed to operate this business?
❓️What is the customer concentration?
❓️Are there any contracts in place with customers?

Inquire:

Link to listing here

Broker: Anthony Citrolo

Contact: 516-346-5272

5. Commercial Cooking Equipment Services

• Location: Nassau County, NY

• Asking Price: $4,100,000

• EBITDA: $800,000

• Multiple: 5.1x

• Revenue: $4,000,000

• EBITDA Margin: 20%

• Employees: 16

• List Date: 7/8/24 

• Reason for selling: Retirement

💬 Harry & Carter’s thoughts: 

Operating for the past 40 years, this niche service business specializes in selling and repairing commercial cooking equipment within the New York Metro area. The business serves prestigious event accounts and establishes service contracts where feasible. The FF&E valued at $250,000 is not included in the purchase price, and potential buyers are encouraged to inquire further about these items. The seller is willing to provide training and continue working part-time post-close for a salary.

• Established for 40 years

• Services prestigious events and accounts

• Seller financing available

❓️What is the customer concentration?
❓️What does the competitive landscape look like?
❓️Why is the FF&E not included?

Inquire:

Link to listing here

Broker: Justin LeFebure

Contact: 772-925-2675

Thanks for reading and don’t hesitate to reach out! - Harry & Carter

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