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UK Bespoke IT Solutions Provider with £1.8m Turnover for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    26/10/23

  • Advert ID

    601705

  • Reference

    154817 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: Price on Application
  • Turnover: £1,700,000 (£32,692 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

Provider of bespoke IT solutions across the UK

Specialising in providing comprehensive bespoke IT solutions, the company has established prominence in sectors such as medical, finance, and construction.

Its service offering includes cyber security, cloud hosting, 
consultancy, and hardware procurement, in addition to specialising in Office 365 and Microsoft 365 solutions.

The company is offered for sale to facilitate focus on other, unrelated business ventures.

The acquisition would be an ideal opportunity for similar businesses or individuals wanting to gain a foothold in the IT sector and benefit from a strong client base in medical, finance, and construction sectors with high rates of repeat and return custom.

Benefits from a client base including venture capitalist-backed medical firms, enabling expected continued growth.

Skilled and experienced workforce in place, specialising in Microsoft Azure products, including Azure Information Protection, Excel, Exchange and Outlook email services, PowerPoint, Sharepoint, and Word.

Supported by a remote workforce specialising in consultancy and background work.

Certified Microsoft Gold and Cyber Essentials.

Director willing to assist with handover period.

Operates from freehold premises, which can be included in the sale, subject to discussion.

Turnover in excess of circa £1.8m in YE23.

Adjusted EBITDA of over £566k achieved in the same year.

Projected turnover of over £2.1m and adjusted EBITDA of £780k expected in YE24.

Consistently stable gross profit margins of circa 50%, which are projected to increase.

Strong pipeline of work valued at £1.46 million.

Offers invited. 

Read more

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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.

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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.'.

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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.

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 'Provider of bespoke IT solutions across the UK - 154817 / 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.