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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £475000 Annual Turnover: £500,000 Annual Net Profit: £363,000
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Business Description
Apple Mac and PC Windows support company (Ltd) for sale due to ill health of senior director (one of three) now unable to develop the business further. Turnover c £500,000 pa, profit of £363,000, rate-free leasehold premises and three staff based in London E4 (30 minutes from City). Clients (some with high profile names) in Greater London and home counties and one national, two with staff permanently on site. No home user clients. In business 24 years, always profitable with over 80 per cent retention of clients on term contracts. Some clients have been with the company for more than 20 years. Great potential for expansion. Directors’ salary and remuneration 2015 over £260,000. Good fit for existing IT company wanting to expand (perhaps a Northern company looking to break into London) or small team looking to go it alone. Company offers telephone/remote/on site support plus hardware and software sales and installation and configuration services for both PCs and Macs. Credit accounts with main distributors including Techdata and Ingram. Good working relationships with Apple Authorised Service Provider, network cabling and power supplier plus VOIP telecomms suppliers. Google Authorised partner. Directors prepared to provide support for new owners, up to three months practical and an additional three months via telephone. £475,000.
Trading Hours:

Tenure: Leasehold

Location Details:

Based in leafy London E4 with good rail/road links. M25 10 minutes, Central London 30 minutes by Overground.

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