Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Mobile/smart Phone Native App Development Agency

LISTING DETAILS
Firms For Sale ID:
34089
Vendor reference:
IU179
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£180,000  
Turnover / revenue:
£140,000
Net profit / cashflow:
Undisclosed
Years established:
4
Number of employees:
6
Employees / staffing:
One full time member of staff and up to five freelance contractors (including technical) at any one time. The one full time member of staff is Creative Manager and is responsible for marketing, all client liaison and project management. The owner also works part time on the business (approx. 20 hours per week) but is in no way key to its day to day success.

OTHER DETAILS
Reason for selling:
The vendor has another business venture he needs to pursue.
Support and training:
Vendor is keen to ensure a seamless transition of ownership. This should be a relatively simple process as there is already a key member of staff in place.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Mobile/Smart Phone Native App Development Agency
Impressive Client Base
Ref.IU179
Location Wales/Relocatable
Asking Price GBP180,000
Turner Butler are excited to bring to market a young and dynamic App development agency that builds innovative, bespoke and native smartphone applications. The company was set up just over 4 years ago having more recently become Limited.
Whilst still young the business is currently enjoying strong growth and increased volumes of direct enquiries from a variety of clients. As part of this it has just recently secured a large contract with a well-known blue chip organisation that will generate impressive ongoing revenues moving forward.
Typical projects this company undertakes tend to be in the value range GBP 5k GBP20k and their clients come from a varied background. Most customers require a support and maintenance package which has proven to be both a valuable revenue stream as well as useful for maintaining existing client relationships.
Clients include start-ups and entrepreneurs, small businesses, manufacturing companies and government agencies.

Market / Competition / Non-Competition Agreements
To date the business has not felt the need to advertise. Clients are sourced through word of mouth, referral arrangements with other agencies, networking events and public tenders. The business does have an informative website but could certainly benefit from further online marketing including AdWords etc.