High Quality Very Profitable IT Security Business in Nicosia Central
We have taken instruction to help in the sale of a top flight IT and Security technology business based in central Nicosia, which we are proud to do.Both businesses are offered together as a package – because they complement each other so well. The present owner has found that many of his customers for one side of the business have bought also from the other, because they like to deal with one reliable, trustworthy person for all these requirements.For example the IT business, which offers computer repairs and maintenance with 24 hour turnaround, on which their reputation has been built, also install and maintain mainframe and complex networked systems. They work with many top name companies in and around the Nicosia area and beyond, including the Hilton Hotel. Most work comes by referral and reputation after five years trading, with a stop outside facility to drop off/pick up. They have the ‘Authorised Reseller’ accolade from Dell Computers, Hewlett Packard, and Toshiba Electronics, which tells us they must be getting their business right. They also represent and support products from IBM, Canon, Intel, Kingston, Brother, Epson, D-Link, Microsoft, Cisco Systems and Samsung. All top name brands.The Security business (Hi-tech cameras and access control mechanisms) employs much the same policy of providing quality care with good prices, complementing the longer established IT business. This also works in the reverse, where Security business clients could become IT customers. In security they have become particularly successful among the largest building companies, providing security answers to site problems, and office requirements alike. Security is one of the major business growth areas in Europe right now, and even bucking the depressed nature of most other business sectors. It is definitely a ‘now’ business. This business is the Official Representative in Cyprus for the Korean Security Systems manufacturer, Sambo Hitech Co. Ltd. (see www.sbcctv.kr ).
The combined business operates from a double shop front situated on a major arterial route in Nicosia city with a great deal of passing traffic. The imposing frontage to the shop cannot be missed, and itself brings in passing trade. There is space to pull in, off the road, to do business and deliver/take away equipment. The impressive shop interior, which has recently been refurbished to the present owner’s quality specification, occupies an area of around 80 square metres, all ground floor, with toilet and small kitchen facilities. There is an impressive display of product to view on the rear walls, clearly visible from outside. Amazingly, the rent, which was renegotiated last year for a five year term, is only €640 monthly. Other outgoings are minimal.Both businesses are offered for the price of €350,000 but it may be possible to buy the IT Company separately for €220,000, which represents good value. However for the additional €130,000, the sum of the two parts is worth a great deal more than the combined asking price, when the customer base and potential cross sales are taken into consideration, added to the massive potential offered for the future of this part of the business.
The price includes 2 vehicles and all stock, guaranteed free of debt or encumbrances. For the slightly nervous buyer, a handover period is possible, when all suppliers, contacts, customers etc., may be introduced and the ’ropes’ shown and understood enabling a seamless change of ownership. Accounts (not yet seen) are available to seriously interested parties only.
Please contact ourselves in the first instance, as no direct approaches in the shop may be entertained under any circumstances.