A well established IT Services Provider, with strong levels of recurring and contracted income is offered for sale. The business was founded nearly 20 years ago by the current owner, who has now reached retirement age.
The business is located on the Northants & Warwickshire border and, serving the wider Northants, Warwickshire and Leicestershire area, could easily be relocated within that region. Clients are commercial, rather than domestic, with a large number having a longstanding trading relationship.
Key services include both hardware and software sales, monitoring, maintenance and backup services and repairs / troubleshooting.
Sales are stable at around the £200k level, with two thirds generated from contracted clients, half of which is from recurring services on standing order arrangements. Operating profits before owner earnings are around £100k.
The business generates new customers via referral and recommendation and does not spend on marketing. This presents a strong growth opportunity for a buyer. Turnover is largely constrained by available hours, with immediate additional opportunities available for someone wishing to engage additional resource.
The vendor works alone in the business other than some part-time admin support and is keen to ensure a smooth transition to new ownership. He is therefore receptive to discussions over an appropriate handover.
The guide price for 100% shares of the business is £175,000, to include a Balance Sheet with a positive Net Asset Value and sensible handover arrangements.
The business is being marketed by www.sellmysmallbusiness.co.uk and further enquiries should be addressed to [email protected], quoting reference SMSB/ITNORWA. Please do not attempt to contact the vendor directly.
- Established Business
- Home Based
- Retirement Sale