FOR SALE
08/07/21
279404
Established in 2003, this is a visiting Computer "help" business based in West Devon between Plymouth & Tavistock, both of which are easy to get to. There is a higher than the national average population of older computer users who regularly need help in their homes with Technology.
Small businesses also form part of the portfolio of customers as well as Mac users.
Based on a business unit on a small business park, the rented office is the ideal place for customers to drop off for repairs, upgrades and setups. The lease runs for five years from 2017 and is likely to be renewed without any issues. There is a six-month notice clause to end early. Rent has not increased in the five years with the new landlord, and it was the same for the previous seven years.
The premises are Business rate exempt.
The turnover has decreased in recent years as the business no longer sells hardware. For the most part, the business had three full-time staff, including the owner. Nowadays, it is just the owner. Profitability has increased dramatically as a result.
COVID had an impact, but the business adapted very well to working remotely as the vast majority of things could be done this way. Emerging from COVID, remote working remains the way for straightforward issues, but visits are back on.
The owner is planning to retire in the medium term and is looking to pass on this profitable and easy to run business.
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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.
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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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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