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Established Geographical Software Provider in Surrey for Sale

Undisclosed, Surrey

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    20/12/23

  • Advert ID

    604150

  • Reference

    50588 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £619,024 (£11,904 Per week)
  • Net Profit: Not Applicable

Business Details

Geographical Software Provider South East

Turnover for year-end 2022 was £619k
Adjusted EBITDA for year-end 2022 in excess of £200k
The business offers geographic software for primarily local authorities who use the software in planning applications and day-to-day operations.
Having operated for over 30 years, the business has continuously updated its software to meet clients’ needs.
Currently operating with approx. 35 active clients with maintenance revenue at the end of tax year generating approx. £500k a year.
Second-tier management structure in place with a project/operations manager and a sales and accounts manager.
Kings Corporate are delighted to present Project Macadamia a geographical software provider based in the South East. The business is well-established and offers its services across the UK. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis. Ref: 50588
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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 'Geographical Software Provider South East - 50588 / 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.