IT Consultancy Company for Sale in Budapest, Hungary

Technology and consulting company with over 100 clients for sale in Budapest, Hungary.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 25 thousand
EBITDA Margin
12 %
Industries
Locations
Local Time
4:32 PM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Full Sale
Asking Price: USD 80 thousand (Native Currency: HUF 25,000,000)
Reason: - Need someone to take over this profitable and scalable business as emergency family health crisis ... View More
Includes physical assets worth USD 1.6 thousand
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Business Name
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Business Overview

- The owner has 10 years of experience in the IT industry with various awards such as silver medal from UN, Helen Keller award and National award as a role model among disabilities. Opened up a completely bootstrapped technology startup in Budapest 2 years ago.

- We offer IT consulting and digital marketing consultancy services to clients based in the US. In parallel, we are also developing a next-gen community grocery delivery platform to cater to Budapest and other EU markets.

- Last year we sold two running web stores that had a gross income of around $55,500 and net income of around $11,000 to concentrate on IT consulting.

- The company had 4 freelances working full-time last year but the business is now handled by the owner himself concentrating on IT consulting and digital marketing consultancy.

- Right now the business has more than 100 clients mainly from the US region (most of them are private individuals).

- The owner now is concentrating on building up a next-gen grocery community delivery platform using cutting edge automation technologies in parallel to the consulting (Detailed business plan model and financial projections will be shared with those who are interested to take the business forward)

- Promoter is based in Hungary and came to India to close a business deal but due to the pandemic, he is staying in India temporarily.

- The full sale price is indicated and the owner is open for discussion regarding the same.

- The recent pandemic crisis has caused a fall in revenue.

- The sale includes all licenses, digital business accounts, turnkey setup worth EUR 15,000, 1-year transition support and free processing of long term residency in the EU for the new owner (if desired).

- Business does not have a lot of physical assets except computers and laptops.

Products & Services Overview

Currently the business is concentrating on IT consulting and digital marketing consultancy for clients based in the US in parallel to developing a next-gen community grocery delivery platform to cater to Budapest or the EU markets.

Facilities Overview
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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