Business for Sale Overview:
This business was established over ten years ago as a specialist Information Technology training company with the aim of providing application software education to members of the business community on the Isle of Man.
The business has been built with an ethos based on integrity, openness and value for money. Most of the courses provided were initially aimed at users of popular, generally Windows based, user applications such as Email, Databases, Spreadsheets, Word processing, Graphics and Web Page design. Technical courses have since been developed, relevant to Windows usage and programming Visual Basic and writing T-SQL.
Some seven years ago the business made a strategic acquisition that has further expanded the number and types of courses being offered including the incorporation of a full, very extensive, range of Human Resource soft skills courses. The principal, generic, areas addressed are management and leadership skills, personal management and communication skills as well as project based training.
In addition the company develops many tailored courses, addressing specific customer needs, incorporating elements of all courses currently available for a large number of organizations both on and off the Isle of Man.
Efforts have been made to ensure that the customer base is truly representative of the Isle of Man business profile. The company is proud to include manufacturing, travel, retail, primary production and service companies in its portfolio of clients as well as the majority of the international finance organizations represented on the Isle of Man.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The premises are leasehold, renewable on a yearly basis. It is a character property having recently been restored to very high standard providing training rooms for 2 – 60 people in 6 separate rooms. Located in the centre of the Island with easy access, good private parking and local amenities nearby. Current rent is circa £1800 per month inc rates.
The business has previusly applied for a grant to build its own training premises. We are advised the business secured a grant of 40% for build and fixtures and fittings, this is the maximum achievable and should be available to new owners subject to a new application being approved.
The grant is repayable if the company sells the premises within 10 years. The amount repaid is decreasing year by year. After 10 years the Government ceases to have an interest in the building.
Market Competition and Expansion:
The business advertises in local press and magazines. It also undertakes some direct marketing to clients. The company has a very informative website.
Reason for Selling:
The vendor has other non-conflicting business inte
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.