BuyMyBiz - Established IT Support and Maintenance Business For Sale [BMB10604]

Reference: BMB10604

Activities: IT Support & Maintenance Services

Location: London/ Home Counties

Turnover: Circa £150,000 p.a.

Business Overview

BuyMyBiz is exclusively retained to find a purchaser for this established IT support and maintenance business. Established for nearly 20 years, the business provides high quality technical support to residents and small businesses. Currently run by two business partners, the business is ready and prepared for expansion and its next phase of growth.

Potential for organic or franchised growth

Current services include:

• PC & Laptop Repairs
• Bespoke & Refurbished Computers
• Virus & Malware Removal
• Network & WiFi Support
• Remote Support
• Annual Support Contracts
• Home & Business Call-out Service
• Data Recovery

The business is a high margin service business, currently providing the owners with combined annual discretionary earnings in the region of £100,000 p.a. from a turnover of circa. £150,000. Approximately 50% of turnover is contracted and recurring annual maintenance contracts, with the balance being generated from one off projects.

Reason For Sale

After running the business for many years, our clients have relocated to a location that isn’t a suitable commute long-term. They believe the future business opportunity will be best realised in the hands of a new entrepreneurial owner or larger business with the experience, enthusiasm and resources to drive the business forward to the next level.

Recurring Income Business

The Opportunity

Ideally, we seek an acquirer with the requisite experience and resources to take this business to the next level. Consideration will also be given to buyers with strong market or client synergies looking for a ‘bolt-on’ business that can add value to existing operations.

• Solid Goodwill & Reputation
• Established Brand & Business Process
• Recurring / Contract Business Model
• Opportunity to Franchise Business
• Exciting Growth Potential
• Award-Winning Business

Price

Offers are invited for the shares in the business from a suitable buyer. The vendors will be prepared to remain involved with the business for a pre-agreed handover period to enable the new owners to settle in.

Price

Offers are invited for 100% of the shares in the business

(All offers to be based on a cash free/ debt free basis)

The Next Steps