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A well established IT Services Provider, with strong levels of recurring income is offered for sale. The business was founded over 20 years ago by the current owner, who has now reached retirement age.
The business is located in West Sussex and, serving the wider Sussex and Hampshire area, could easily be relocated within that region. Clients are commercial, rather than domestic, with a large number having a longstanding trading relationship.
Key services include both hardware and software sales, monitoring, maintenance and backup services and repairs / troubleshooting.
Sales are stable at around the £130k to £140k level, of which around 50% is derived from recurring services to over 50 clients, predominantly on direct debit / standing order arrangements. Operating profits before owner earnings are around £70k.
The business generates new customers via referral and recommendation and does not spend on marketing. This presents a strong growth opportunity for a buyer.
The vendor works alone in the business other than some part-time accounting support and is keen to ensure a smooth transition to new ownership. He is therefore receptive to discussions over an appropriate handover.
The guide price for 100% shares of the business is £195,000, to include a Balance Sheet with a positive Net Asset Value and sensible handover arrangements.
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