Asking price: £500k < 1m

Sales revenue: £745,000

Net profit: £100k < 250k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Business overview

– An outstanding opportunity to acquire a successful SAP software consultancy based in Bucharest, Romania.

– With a ready made client list of multi-national blue-chip companies, this business represents an excellent opportunity for an international consultancy to establish a footprint in Romania / Eastern Europe.

– The business provides its services to a wide range of industry sectors, including pharmaceutical, chemical, automotive, distribution, retail, media and education.

– Established in 2002, this is a highly profitable and cash generating business, which continues to grow despite the current economic climate.


Products and Services

– SAP system design and implementation, international roll-out of existing SAP systems, maintenance support, training and consultancy.

– Examples of SAP applications include client relationship management, mobile sales process management and timesheet management tools.

Employees: 3 directors + 15 full time employees/contractors

Premises: 150 m2 offices located in central Bucharest. Rent and taxes: 3k €/month

Reason for sale: to allow the directors to reduce their time commitment to the business and concentrate on new projects as well as other family commitments.

A full hand-over and training is offered. Two of the directors would be happy to provide ongoing consultancy support for up to two years, subject to agreed terms.

Financial overview

Turnover 2008: 807k EUR
Adj Net Profit 2008: 94k EUR

Years established: 6 years

Employees: 15 staff + 3 directors

Trading hours: Normal office hours

Location
Central Bucharest, Romania

Expansion potential
With many international companies setting up a presence in Eastern Europe, there is much scope of continued growth. The business provides flexible solutions and can service both international and local business' requirements. The business is well established and profitable, with a loyal and growing customer base. This is an outstanding opportunity for the new owners, with fresh ideas and investment in marketing, to expand the business to its full potential. This business would be of particular interest to an existing SAP consultancy or IT software business looking for an ‘add on’ business to expand and/or establish their footprint in Romania / Eastern Europe. The business would also be of interest to generalist business consultancies, international or local, which wish to add another arm of expertise to their service offering. Such businesses will have the necessary business infrastructure and marketing presence to be able to capitalise on the business performance to date, as well as to reduce existing overheads and increase profitability. Based in Bucharest, the company is in a strong position to exploit opportunities outside of Romania.

Competition / Market
The company is an SAP certified partner and is one a few consultancies operating in this sector in Romania.

Support & training
The vendors would be happy to provide a full hand-over and training in running the day-to-day business. Two of the directors would be available to provide ongoing consultancy support for up to two years, subject to agreed terms.

Reasons for selling
The sale has been instructed in order to allow the directors to reduce their time commitment to the business and concentrate on new projects (not related to SAP) as well as other family commitments.

Financing available
Hornblower Business Brokers Ltd has established links with banks and other financial institutions and can put you in touch with the appropriate advisor.

Related documents

		H08154UK NDA

		H08154UK Business Summary

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