Listing Details : LB-15602

Asking Price 1 Crs
Turnover 38 Lacs
Legal Entity Private Limited
Category Services
Sub Category IT Services
Business Listed By Founder

Overview

An IT company in Nellore, Andhra Pradesh, offering consultancy and educational services, is available for sale. Despite its initial success, the venture has faced recurring losses, reducing operations significantly. The company holds three valuable licenses for providing IT services to corporates, consulting, and foreign language training. It initially employed 70-80 staff members, but the workforce has been reduced to just three employees. The language services offered include Japanese, French, and English. With two office locations in Nellore and Hyderabad, the company has downsized its client base and operations due to financial challenges. This represents an opportunity for buyers to leverage the existing licenses, infrastructure, and expertise to revitalize the business and tap into its potential.

Year of Establishment

2019

No. of Employees

3

Current Status of Business

Running

Business Relocatable

Yes

Property Type

Leased

Rental per Month

25 Thousand

Describe Property

N.A

Competition / Market

All service based companies

Products & Services

Foreign Languages Education, SKU services, Consulting

Growth Potential

Very high potential as India is one of the leading services provider in the world, this licenses will make good opportunity growth in upcoming years.

Reason For Sale

Wants to break from business

Financial Details

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