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Renowned IT Support Provider in East Anglia, Essex, London for Sale, £251k Turnover

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/10/21

  • Advert ID

    284346

  • Reference

    162546 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £600,000
  • Turnover: £335,000 (£6,442 Per week)
  • Net Profit: On request

Key Features

  • Company for Sale

Business Details

A SPECIALIST PROVIDER OF IT SUPPORT, SERVING COMPANIES THROUGHOUT EAST ANGLIA, ESSEX AND LONDON

YE23 turnover of £335,000, with an adjusted EBITDA of £82,000.
A specialist in Microsoft Office 365 (Silver Partnership) and builds cloud solutions that leverage the Microsoft cloud platform. This maximises the benefits to clients, whilst increasing profitability of the business.
Offers additional, ad hoc services such as hardware supply and installation.
Served over 100 clients within the last year, benefitting from reliable, repeat business from circa 95% of clients.
Clients are retained through contracts for Office 365, IT support and cloud hosting.
Directors willing to provide a handover period.
A fully relocatable opportunity.
Offered for sale to allow the shareholders to pursue alternative, unrelated business ventures.
Scope for growth via the implementation of further sales and marketing activities, including the recruitment of dedicated sales staff.
OIRO £600,000.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'A SPECIALIST PROVIDER OF IT SUPPORT, SERVING COMPANIES THROUGHOUT EAST ANGLIA, ESSEX AND LONDON - 162546 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.