600 4Th St Chaska, MN 55318
- Commercial real estate
Current Use by Public Records
- Community Health Services / Public Health Department
- Carver County, MN Government / County Government Office
- Carver County Risk Management / Public Safety Office
- Carver County Recorder / County Government Office
- Carver County Tax Payer Services / City Tax Office
Property Details for 600 4Th St
- Property type
- Commercial real estate
Description
This established Minnesota-based IT services business is offered for sale at $1,260,000. Generating $900,164 in gross revenue and $207,750 in Seller Discretionary Earnings (SDE), this company boasts a strong recurring revenue model with over 80% derived from long-term client contracts (averaging three years). The business specializes in wireline and mobile spend management, serving diverse industries including manufacturing, healthcare, pharmaceuticals, energy, and dental care. The sale includes $8,146 in furniture, fixtures, and equipment (FF&E). Seller financing of $126,000 at 7% is available. The current owner, working 40 hours per week, is retiring after 34 years, offering eight weeks of support and training to the new owner. A non-compete agreement covers a 1500-mile radius for three years. The business operates from a location in Chaska, Minnesota (600 E 4th St, 55318) and employs five people, including one manager and four full-time employees. This presents a significant acquisition opportunity for an executive or company seeking to expand their operations in IT managed services, telecommunications expense management, or telecommunications agency services. The business's strong track record, recurring revenue, and deep industry expertise make it an attractive acquisition target in a growing market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chaska
- County
- Carver
- State
- Minnesota
- Longitude
- -93.5924223
- Latitude
- 44.787551
