After receiving multiple offers, this Midwest technology business sold for just $10,000 under asking price. The business installs regulatory compliant metering equipment and follow-on billing services for apartment complex owners around the country. Sales have topped $900,000 with seller’s discretionary cash flow of $nearly 260,000. There is potential to double sales in a very short time, as there are over 750 cities with mandates to update water/sewer infrastructure, which will drive utility rates much higher. Assets exceeded $230,000, plus inventory was approximately $100,000. Listing broker was Dennis Huffine, VP/Sr. Business Broker, [email protected], 402-350-6494, who guided the deal to successful close.
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