> IT Business for Sale
*UNDER OFFER*
*SOFTWARE BUSINESS FOR SALE*
Established for 17 years and operating in the South East. The business develops software products which operate staff identity card systems and visitor identity pass and management systems, and together with these software products also supplies the supporting hardware and consumables for such systems, and support and maintenance contracts.
Clients are from a broad range of sectors including manufacturing, finance and banking, leisure, utilities, distribution and freight, education, health, local government, and retail. Clients are located nationwide.
Staff include a full-time managing director, and 6 additional employees, 4 of which are full-time (Comprising software developers, customer support staff, and office staff). The company has four shareholders (percentage split: 60:20:10:10).
The Company operates from leased purpose built office premises in an established industrial park.
This is an outstanding opportunity to acquire a company owning a wealth of intellectual property in a highly bespoke sector, and capitalise on the extensive work undertaken throughout the Company’s history in developing its software products.
The business has come to the market as a result of the decision by the majority shareholder and managing director to retire (after 40 years in the IT industry). The majority shareholder/MD is willing to provide a structured handover period for up to 6 months from completion to assist a purchaser with project and customer transition should this be required.
Potential to grow the business and take it forward, either through further investment, or as a bolt on opportunity to an existing business in this sector or in the wider industry.
Average turnover of £700k over last three financial years.
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