IT & Computing services for sale in London

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Y. MacGregor (Nov 2017)
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Leasehold Price: £300,000 Sale Agreed Annual Turnover: £550,000 Monthly Net Profit: £100,000
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Business Description
Location
This business is Centrally based in a prestigious location in London to serve its client base in this area. It is within walking distance to the majority of its clients, who do from time to time require site visits. The location has good transportation links, is cost effective and convenient for staff.

Financial Details
The turnover from the company accounts for year ended 30th June 2016 was £553,175 with an EBITDA of around £100,000. It is anticipated that the 2017 accounts and up to date management accounts will show similar results.

Business Details
This LLP was established in 2006 by the present Owners. It is a managed IT support London services Company and specialises in outsourced ICT functions within the SME sector. The help desk support personnel are based in the heart of Central London and support is available 24 hours a day, 7 days a week. The Partners are now selling to pursue other business interests in other sectors.

The services offered include disaster recovery, cloud solutions, as well as IT support, and hardware and software sales. The target SME size is between 10-50 personnel and the Company prides itself for being a “one stop shop” for its clients. It provides a very personal approach where end users are familiar with the staff who normally carry out monthly on site visits. At present there are 45 active clients and approximately 80% of new business is via referral. The client base is very loyal and there is lots of potential to grow the business with the right marketing investment.

The business itself is largely run by staff consisting of a team of 5 and in addition, one of the Partners has a full time role in accounts, HR and purchasing.

Property
The Office is located on the 3rd Floor and is approximately 70 Square Metres.

Trading Hours
Monday 8am-6pm (Office) 6pm-8am (On-Call)
Tuesday 8am-6pm(Office) 6pm-8am (On-Call)
Wednesday 8am-6pm (Office) 6pm-8am (On-Call)
Thursday 8am-6pm (Office) 6pm-8am (On-Call)
Friday 8am-6pm (Office) 6pm – 8am (On-Call)
Saturday 24h (On-Call)
Sunday 24h (On-Call)

Tenancy
The premises are leasehold with 3.8 years remaining of a 5 years lease. The rent is £21,357 pa.

Ref: 13335
Price: £300,000 plus assets

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Trading Hours:
Monday 8am-6pm (Office) 6pm-8am (On-Call)
Tuesday 8am-6pm(Office) 6pm-8am (On-Call)
Wednesday 8am-6pm (Office) 6pm-8am (On-Call)
Thursday 8am-6pm (Office) 6pm-8am (On-Call)
Friday 8am-6pm (Office) 6pm – 8am (On-Call)
Saturday 24h (On-Call)
Sunday 24h (On-Call)

Number of Employees: 5

Tenure: Leasehold

Competition:
There is some competition, but this Company has a vert Central location and provides a very personal service to a very loyal client base.

Support & Training:
Full support, training and a handover period can be provided to the acquirer.

Location Details:
This business is Centrally based in a prestigious location in London to serve its client base in this area. It is within walking distance to the majority of its clients, who do from time to time require site visits. The location has good transportation links, is cost effective and convenient for staff.

Leasehold Term:
The premises are leasehold with 3.8 years remaining of a 5 years lease. The rent is £21,357 pa.

Is this business relocatable: Yes

Listed by: ETS Corporate

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13335
Seller Reference:
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