SOLD - by Aldes Cliff Bell - 1 Feb 2023 transferred.
IT company focusing on small-medium client base (9 SLA's, 15 monthly, 15 repeat, 10 ad hoc) in respect of hard and soft-ware in Western suburb of Durban. Excellent price of R490 000 while netting some R393 000 pa (or at R453 000 pa if you work from home, as no rent, E&W, cleaning, or R&M).
Clients are small-med businesses & individuals. The smallest, then average & then largest clients have some :1-2; then 8-12; and then 30 - 60 stations (3 clients at R4k, R4k, & R10k pm; SLA's excluding hardware expenditure) respectively. Most business is initiated by the client who has a soft/hard-ware need & then pays for either: telephone/computer linked assistance or on-site assistance.
The owner carries out every aspect of the business (although the R30 000 Accountant cost within the report covers administrative assistance as well, i.e. R12 000 & R18 000)
- Asking Price:
- R490,000 Furniture / Fixtures included
- Sales Revenue:
- R1,719,000
- Cash Flow:
- R393,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This business can easily be operated from home or absorbed into an existing IT business/premises; either would provide a saving of the R30 000 rental charge (25m2), which would increase the Net Profit to R423 000 pa; while additional savings related to E&W, cleaning, and R&M, would increase such to R453 000 pa
Business Operation
- Reasons for selling:
-
Emmigrating
- Employees:
- The owner is the only employee & manages every aspect of the business (although the R30 000 Accountant cost within the report covers administrative assistance as well, i.e. R12 000 & R18 000)
- Years established:
- 13
Other Information
- Support & training:
-
The seller is a nice guy & will assist
- Furniture / Fixtures value:
- R20,000 - included in the asking price
- Relocatable:
- This business can be relocated.
