Sectors / Category

Annual turnover

|
  • Mandate: 31394
  • Added: 07 Sep 2017
  • AFS
  • 1166

Well established IT service business

Gauteng, Johannesburg
1166
Mandate 31394
Added 07 Sep 2017
R 3,600,000* ZAR
Stock: R 0
Assets: R 250,000
R 73,334 ZAR
Henry Hart
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Well established computer service business with a long standing customer base located in the East Rand. There is ample opportunity to expand and increase profits. Sellers needs capital to expand their other business.

Well established IT service business
SELLING PRICE AFS
R 3,600,000* ZAR
Stock: R0
Assets: R250,000
R 73,334 ZAR
Summary

Well established computer service business with a long standing customer base located in the East Rand. There is ample opportunity to expand and increase profits. Sellers needs capital to expand their other business.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
The business is a computer and network service provider. It assist clients with all their computing needs. They sell Hardware, assist with installation of software and service related issues on computers and networks.

How long has the business been established?
The business was started by the current owners in 1998

How does the business operate on a daily basis?
The business is self sufficient with very little to no involvement from the owners. Customers call in to log problems on their systems, Technicians are assigned daily tasks to assist clients and report back at the end of the day to report. The business has an excellent Client Relationship Management system in place which makes it extremely easy to manage.

How are the clients attracted to the business?
Mainly word of Mouth. The business is well established with a reputable name in the market.

What Advertising/Marketing is carried out?
There is very little to no marketing being done currently.

Does the business have any contract work?
All the work is on contract with small amounts being invoiced out of contract for out of SLA requirements.

What competition exists?
There are a number of other companies in the service industry. The business has a reputable name and is very reliable.

What are the seasonal trends?
There are no seasonal trends to talk off.

Is the business VAT Registered?
The business us registered for VAT

What VAT documentation is on file?
VAT returns will be available on the whole company

Are there up-to-date Management Accounts available?
There are management accounts available from the seller to a serious buyer

What Balance Sheet and Income Statements are available?
Feb 2017 is available but this is for the whole company.

What percentage of the business is cash/credit?
All cash in advance.

What is the age analysis of the debtors book?
There is no debtors as all the clients pay in advance.

How could the profitability of the business be improved?
More marketing will increase the number of clients and therefore the profits.

Is Seller finance available and for what amount?
The seller is not open to a structured transaction.

What is the total staff complement?
There is a total of 13 staff members.

Give a breakdown of staff/ functions/ length of service?
12 Technicians 2 Admin people.

Do any receive special perks or incentives?
General salary packages with Car, Petrol and phone allowances.

Are they on contract?
All staff members are on contract

Do any have management potential?
Not really, they are left alone quite a lot by the current owners and the business just keeps on ticking.

How involved is the Owner in running the business?
The owners are hardly involved in the business but have a great CRM system in place which makes management very easy.

When does the current lease end?
The sellers owns the property which means you can either negotiated a rental agreement with them or relocate the business to different premises.

What is the square meters of the business?
The business needs a size of a decent office. 3x6m will be sufficient.

Do you require a licence?
No license is required.

What lease deposit and/or other surety is required?
This can be negotiated.

What are the main assets of the business?
There are a lot of office furniture and equipment. There are also 3 vehicles included in the sale.

Are any items not included in the sale?
No everything related to the Computer servicing will stay within the business.

What is their overall condition?
Very good working condition.

Do any require repairing?
No repairing is required.

How have they been valued ?
Second Hand value

Which assets are on lease/HP and with whom?
Nothing everything belongs to the business.

Are they presently insured?
Yes through the main company

Strengths?
The business is well established with a very good name. The business offers recurring income on a very stable basis. Good options to add to the business.

Weaknesses?
Some basic knowledge on computing and networking might be required.

Opportunities?
More marketing will greatly increase turnover. White Box rentals will also assist in adding to the turn over.

Threats?
There are no threats on the business.

What is the reason for the sale?
The sellers is involved in other businesses and wants the money to invest in them and also to get "the monkey of their back".

Why is this a good business?
The business is well established but still offers great opportunity for a new owner.

What is the price plus stock and the net profit?
The price including stock is R3.6Mil with an average monthly net profit of R95 000.00

Other listings by Henry
R 2.56MZAR
Franchise
Added : 12 Sep 2018 83
Yearly profit : R1,194,293
Gauteng
R 6.60MZAR
Added : 14 Mar 2018 658
Yearly profit : R1,759,786
Gauteng
R 2.90MZAR
Franchise
Added : 19 Feb 2018 1061
Yearly profit : R1,569,572
Gauteng
FRANCHISE DETAILS

Aldes Jacaranda

3 members
30 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 2.00MZAR
Added : 23 Aug 2018 208
Yearly profit : R924,688
Eastern Cape
R 1.85MZAR
Added : 27 Sep 2017 1149
Yearly profit : R945,600
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.05MZAR
Added : 17 Sep 2018 29
Yearly profit : R263,895
Gauteng
R 1.40MZAR
Franchise
Added : 14 Sep 2018 79
Yearly profit : R322,224
Gauteng
R 1.90MZAR
Added : 12 Sep 2018 93
Yearly profit : R1,082,396
Gauteng
R 510KZAR
Franchise
Added : 3 Sep 2018 167
Yearly profit : R244,588
Gauteng
R 550KZAR
Added : 2 Sep 2018 300
Yearly profit : R614,067
Gauteng
R 1.30MZAR
Franchise
Added : 31 Aug 2018 213
Yearly profit : R510,646
Gauteng
R 1.67MZAR
Added : 30 Aug 2018 354
Yearly profit : R1,410,081
Gauteng
R 790KZAR
Added : 30 Aug 2018 177
Yearly profit : R286,467
Gauteng