IT & Computing services for sale

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MANAGED IT SERVICES BUSINESS

  • Price: Offers Invited
  • Annual Turnover: £515,000
Seller Reference: 148036
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Business Description
 
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Seller Reference: 148036
Request Details
Business Description
South of England.
Achieved a turnover of circa £515k in YE18, with an adjusted EBITDA of over £184k.
Projected to generate £550k in YE19.
Demonstrating considerable growth with turnover increasing by 38% across a four-year period.
Strong balance sheet, holding shareholder funds of circa £565k in YE18.
An excellent portfolio of clients that are respected premium brands and internationally known.
Primary revenue stream is generated predominantly through long-standing IT Managed Services contracts that typically run the course of three-seven years, facilitating the company’s year-on-year growth.
An active work book valued at £360k with new businesses recently attained, providing guaranteed contracted revenue of circa £960k, and an additional £477k expected through 2018. The business has a secure future, demonstrable potential and a strong client base.
An exclusive member of three Government frameworks for the supply of IT services and successful in winning contracts with at least two nationally known Government agencies.
Dedicated second-tier mangement team in place able to oversee business operations upon the Managing Director’s departure.
Fully relocatable opportunity.
Offers Invited
Is this business relocatable:
Yes
Listed by:
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