Sure. I worked summer jobs in IT consultancies with approximately that in revenue. They were owned and managed day-to-day by one guy acting as CEO/COO with his

Sure. I worked summer jobs in IT consultancies with approximately that in revenue. They were owned and managed day-to-day by one guy acting as CEO/COO with his wife doing the books and payroll. They had employees, but were still entirely owned and managed by a literal "mom and pop" whose children I went to school with.