Long-Established IT Trading Business - Bur Dubai For Sale

Description

The business has been trading in Dubai since 1993.

Location and Premises

The company is based in Bur Dubai.

The unit is around 935 sq ft. It includes trading, storage, dispatch and office space.

• Annual rent: AED 197,000
• Payment: 6 cheques

Customer service work is handled from India.

Products and Brands

Main brands: Canon, HP, Sharp, Kyocera and Ricoh.

Products are sourced through authorised distributors.

Customers

Most sales are B2B.

About 90% of customers buy without credit terms.

The company also sells into Gulf markets and Pakistan.

Team

There are eight people in the current UAE team.

• 3 sales executives
• 1 accountant
• 2 delivery staff
• 1 hardware installation technician
• 1 operational staff member

Monthly payroll is AED 22,000.

Vehicles

One delivery van belongs to the business.

Financials

Annual revenue is approximately AED 4.25 million.

The 2024 net profit margin was around 2%.

The previous year was loss-making.

Inventory value: approximately AED 2.2 million

Asking Price

Asking price: AED 2.3 million

Reason for Sale

The owner plans to relocate to their home country.

Further Information

An NDA is required for the remaining details.