The Directors of a long-established Boutique B2B IT Services, Sales and Consultancy provider in the London area, having all reached retirement age, are seeking a sale. The business was founded in the early 1990s and later incorporated.
The company has a high level of technical expertise and has supported its clients with fully managed services; server and storage virtualization and full remote access support, which has enabled clients’ seamless adaptation to the current coronavirus crisis; and of course cloud services, together with support for advanced telecoms. Long term relationships have been developed with clients. Sales have strengthened through the covid crisis helped by our capabilities in provisioning fully managed home working support for clients, wherever they are.
The business generates new customers via referral and recommendation and does not advertise. This does present a strong growth opportunity for a buyer seeking to expand the offering.
Sales are currently stable at around the £220k level, of which around 50% is derived from recurring services to clients. Gross profits before director drawings are OTO 60%.
The Directors seek to ensure a smooth transition to new ownership, and are therefore receptive to discussions over an appropriate handover.
Is this business relocatable: