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London Tech Start-up Offers Scalable Business Communication Platform for Sale or Shares

Relocatable

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    20/06/23

  • Advert ID

    515188

  • Reference

    NOVA / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £1,500,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Fully Fitted
  • Unique Business
  • Company for Sale
  • Large Business for Sale
  • Offers Invited
  • Attractive Business

Business Details

Scalable Tech Start up with Innovative Business Communication Solution

They are willing to offer an investor shares in the business or to sell outright. If an outright sale is the preferred option, the current directors are willing to work for the new owners.

Highlights

·       Profitable: High potential returns with profits over £5 million in five years.

·       Subscriber Growth: Over 43,000 monthly subscribers expected in five years, increasing recurring revenue.

·       Healthy Cash Flow: Solid financial status, with closing cash balance of £8 million by year five.

·       Clear Investment Plan: Well-defined plan for the additional £750,000 investment.

·       Established Technology: Ready-for-market technology saves time and cost of development.

·       High Valuation Potential: £1.6 million annual profit by year three could lead to £10 million valuation.

·       Ownership Flexibility: Options to buy entire business or majority stake.

·       Scalability: Operating in tech industry allows for potential exponential growth.

·       Synergy Potential: Investors in related fields could realise increased value.

·       Experienced Management: Reduced risk with current management willing to stay on.

Target market challenges

SME10s face substantial hurdles which have become exacerbated by the rise in remote working.

Key areas where SME10s lag larger businesses are the ability to communicate over multiple channels (an expectation now among many clients), efficient internal and external collaboration and customer relationship management. Many owners and staff multi-task because of lack of human resources which leads to poor execution of basic tasks.

Many SME10 owners and employees lack IT proficiency. They struggle with existing software and lack the knowledge on how to get multiple apps to integrate. Spreadsheet-based record keeping impedes their ability to track opportunities, making sales and post-sale customer service a challenging task.

SME10-targeted app

Our client has developed an easy-to-use integrated communication and organisation tool. This product combines telephony, messaging, CRM, and more into one comprehensive, cloud-based platform optimised for use on all desktop and mobile devices.

The platform is also a VoIP phone system that can manage a range of landline numbers, includes business-grade email, enables video meetings with screen-sharing capabilities, provides shared and personal calendars and offers secure document storage.

Market potential

The market potential for our client’s solution is significant. According to data from the UK government, there are 5.5 million private sector businesses in the UK. Of these, 4.1 million are either sole-proprietorships or single-employee businesses.

Additionally, there are 1,187,045 businesses employing between 1 to 9 individuals. This represents a sizable market segment often overlooked by communication and business software developers, thus creating a significant opportunity for our client.

The current board of directors has significant experience in selling telecommunications and B2B apps into this marketplace.

The business also has the potential to go global as the same target market in other countries will face the same challenges as here in the UK.

Enquire

To find out more, please contact Swan Corporate…

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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

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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.

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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.

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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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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 'Scalable Tech Start up with Innovative Business Communication Solution - NOVA / 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.