Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. It Support Business Serving The Sme Market
LISTING DETAILS
Firms For Sale ID:
34240
Vendor reference:
IU167
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£185,000
Turnover / revenue:
£185,000
Net profit / cashflow:
£51,000
Years established:
10
Number of employees:
2
Employees / staffing:
The vendor works full time in the business. He tends to be office based and does not do the site visits. The business employs one full time Microsoft engineer and one part time Microsoft engineer. Staff are highly talented and a real asset, so much so that the business operates smoothly should the vendor be away for any period of time.
The business also utilise the services of an external PA service when required to ensure accessibility for customers.
OTHER DETAILS
Reason for selling:
The vendor has been in the IT industry all this life and is planning his exit strategy to pursue other non related business interests.
Support and training:
The vendor is more than happy to proved a comprehensive handover to ensure continuity of trading and would consider staying on within the business as a consultant for a period of time should a new owner so require, subject to negotiation
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
IT Support Business serving the SME market
Microsoft Small Business Specialist/Partner/Reseller
Ref.IU167
Location Midlands
Asking Price GBP 185,000
Originally set up some 10 years ago this business provides comprehensive IT support services to a broad range of SME businesses throughout the Midlands that includes on site work, ongoing telephone support and remote management. The business has carved out an impressive reputation during this time based on a friendly yet professional approach backed up with superior knowledge and prestigious supply partners.
The company provides a range of support services to clients, mainly on an ongoing contract basis. It has a large number of regular clients with whom it has maintenance contracts in place varying from 3 month deals up to 3 years in duration. The business also undertakes project work for clients on and adhoc basis and the type of services it regularly provides include:
IT Support (remote, telephone and on site)
Disaster Recovery & Hosting
Network Security
Network Installations
Small Business Server
Remote working provisions
The business benefits from having existing contracts in place with some twenty clients which ensures ongoing revenues to a new owner (circa GBP80,000 p.a.) as well as a low cost business model.
The business is an approved Microsoft Small Business Specialist and Partner/Reseller and also has partnerships with other leading suppliers including Sophos and C2000.
Expansion Potential
The IT support market is huge and there are many opportunities to grow this business further both with existing customers and through a more proactive approach to sales and marketing. New technology is constantly being developed and this business is ideally positioned to embrace it and take it to the market and increase its offerings.
Market / Competition / Non-Competition Agreements
The business has its own informative website and also has a presence on the Microsoft pinpoint site being a fully accredited Microsoft Partner/Reseller and Small Business Specialist. In addition to this it utilises Yell.com.