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Closed June 2018
Previous Annual Turnover £120,000
Previous Net Profit £40,000
Highly Sought After Client Base
Strong Earnings Potential
Ideal First Timer Buyers Business
Handover & Client Introductions Offered
Great Entry Opportunity for a PM with Construction Experience
Previously Open Monday - Friday
REF 6393 – Relocatable Closed On-site Project Management Consultancy
Blacks Brokers are pleased to bring to the market this project management consultancy which traded from our vendor's home based-office in London from 2009 until June 2018.
Onscreen Training Ltd was established by our vendor in 2009 to meet demand for a reliable, on-site project management consultancy. The majority of the turnover was generated by services provided in Central London and to the rail industry. Due to our vendor's other business commitments taking precedence, Onscreen Training ceased trading in June 2018 thus presenting the opportunity for a new owner.
Of those clients receiving services on-site are London Underground, Transport for London, Network Rail, Morgan Sindall, Cross Rail, Bechtel, London Overground and Mace – all of which are difficult to establish working relationships with. Our vendor has over 200 contacts within these organisations and offers for sale these contacts and formal introductions – this will include the exceptional reputation our vendor has secured.
The business was previously managed by our client within a home-based office. A new owner would ideally be situated within Greater London to ensure working relationships with clients can be maintained.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but as mentioned above, has recently closed (June 2018) due to the demands of our vendor's other business commitments being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The projects were mainly in London and surrounding areas, however the services were available nationwide with the business building up vast experience of delivery to sectors including Rail, Oil and Highways. The classes were usually for a maximum of 25 participants and ran over 2 to 3 days per week. The onsite project management was delivered by one of a seven strong team of self employed staff – all of whom are reliable and very experienced in this business sector. All are available as soon as a new owner generates work. The real value of this sale is in the client list that has been established over the last nine years and the introductions. Additionally, our client offers a handover period and formal introductions. A new owner can expect to be busy on a full time basis – our vendor was working between 40 and 45 hours per week when the business was trading, it could be an attractive proposition for a partnership looking to share this large workload and develop the business further.
Onscreen Training Ltd traded between 2009 and June 2018. We are advised that when trading, the business previously had annual turnover of £120,000 with net profit of £40,000.
By building relationships within organisations which are difficult to penetrate, this business represents a solid foundation and built a strong reputation which is now available to cascade onto an ambitious project manager with experience in the construction industry. The business may be developed further with new advertising and a website update – this was previously offered but was stopped in order to focus more on the project management side of the business. Early meetings with our vendor are very strongly advised.
Previous Opening Hours
Monday - Friday: Subject to 6 month rolling contracts, usually 2 - 3 days per week with flexible hours.
Sat and Sun: Closed
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