VEX00822 Profitable IT Support Business SOLD

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VEX00822 Profitable IT Support Business SOLD Vexus Corporate Limited

Private & Confidential
Established IT Support Business in Hertfordshire SOLD
Business Reference: VEX00822
Please direct all enquiries to:

James McCloud
(T) 0330 133 2020
Vexus Corporate Ltd. 78 Pall Mall London SW1Y 5ES

SUMMARY INFORMATION

Business Overview

Our client owns a well-established IT support business based in Hertfordshire, with a sizeable client base of business clients. Over 60% of these have contracted monthly payment arrangements to draw down support as and when required. This is a nice business which would be easily relocated or bolted on to a synergistic offering. Many of the clients are long standing as the business has an exceptional retention rate.

The Opportunity

This business has a valuable name in its industry and offers a potential purchaser an exciting opportunity with:

  • Strong brand
  • Loyal and mostly contracted in client base
  • Established for 9+ years
  • Fast growing, has grown year on year
  • On target to deliver a record financial year
  • Extremely scalable within the area
  • Great short term growth potential
  • Opportunity to expand new services into existing client base

Reason for Sale

After running the business for almost 10 years, our client intends to pursue other interests. They therefore believe that the growth potential of the business would be best realised in the hands of new owners with the commitment, enthusiasm and resources to drive the business forward.

Summary

This is a rare opportunity to acquire a successful and well-established business, which is delivering strong profits and growth despite a very passive approach to sales and marketing. The vendor is happy to discuss a suitable and mutually agreeable hand over period with the purchaser.

Price

Offers are invited for 100% of the shares plus net assets.

The Next Step

Please click here to sign the confidentiality agreement for this business, after which you will receive further details and financial accounts on this business.

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