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Business for sale in United Kingdom - Iu078-well-established computer services business including networking, maintenance, support and supply of hardware, software and consumables primarily to the sme sector

| Asking Price: | 325,000 £ | |
Real Estate: | Lease |
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| Sales Revenue: | 430,000 £ | ||||||||||
| Net Profit: | 0 £ | ||||||||||
| Year Established: | 2002 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Business services
Business categories:
Software Companies
Business description

Established for seven years, this business, set up by two highly trained network engineers is a one stop shop for all corporate computer needs, providing a full range of computer products and support services. Capable of offering the full range of services from cabling the shell of a building prior to fit-out right through to the supply of hardware, software but perhaps most importantly on-going support and maintenance this business services a wide range of Clients across a diverse range of industries and sectors. Working with approximately fifty Clients at present, with one as far as the North West of England though most are within a narrow band stretching from the South Coast through to London and within the M25, this business is the exclusive supplier of IT products and support services to almost all of its Client base. User bases of between five and twenty five workstations are the core strength of this business. Working mainly, but by no means exclusively with smaller and medium sized local businesses, schools etc this business has an excellent understanding of its Clients operations and is ideally placed to meet all of the complex requirements resulting from their ever increasing reliance on IT. The cornerstone to the success of this business however is the high levels of customer service it offers to its Clients. Its small in-house technical team are dedicated to providing a fast, efficient and knowledgeable service, and are more than capable of dealing at every level within a Client organisation. Working mainly with HP equipment for its reliability and its ease for support, much of the work is completed remotely either through telephone support and remote connections with site visits only when necessary. Maintenance contracts and anti virus renewals account for between 50,000 and 60,000 of total turnover per annum. This is an excellent opportunity to acquire a well established easy to run IT support business with significant on-going, predictable revenues. Turnover for the financial year ending April 2008 was 430,000 generating profits available to the Owners of the business a combination of salary, pension contributions and pre-tax net operating profits of 174,000 , with approximately 60,000 of fee based revenue per annum. Absorbed within an existing IT support business it is not inconceivable, that in the first year alone, this business could contribute in excess of 200,000 straight to the bottom line. Key Strengths: This business is a true IT one-stop shop with the customer's every IT need catered for. The Owners of this business have considerable experience in the sector with backgrounds as Network Engineers and have built a well established, solid and prosperous business. This company clearly understands its Client s businesses and the products available in the IT market and responds to its Clients requirements accordingly, responding to changing briefs quickly and effectively. Consequently it has established an enviable reputation for service, integrity and professionalism which has been the cornerstone of the success of this business since its inception and which has led it to build a significant, loyal customer base with on-going relationships that stretch back many years. As the only business in the busy West Sussex town in which this business is located it has established a virtual monopoly amongst local companies and with its primary customer base of SME s its turnover looking forward is stable and predictable, providing this or any acquiring business continues to deliver the service required by its Client base. Working with a small, core team this business maintains low overheads whilst still in a position to over-service its Clients. This excellent approach to customer care has resulted in the business being highly regarded amongst customers and suppliers alike. Key Opportunities: There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's services, a new owner contributing fresh ideas will have every advantage of building on an excellent platform. A new Owner with additional working capital available, will be better positioned to take advantage of opportunities, some of which are very sizeable indeed, that currently arise from the existing Client base of this business opportunities that cannot be currently fulfilled due to a lack of access to suitable funding. The areas surrounding the current location of this business is well served with a number of growing industrial estates attracting additional businesses to the area. With an excellent local reputation this business is ideally placed to take full advantage of this growth. With significant revenue arising from on-going support and maintenance, a buyer already operating in this sector will have every advantage of cost savings arising from merging the two businesses and resulting from significant economies of scale. Similarly any enlarged organization will be better positioned to approach bigger companies perhaps looking to replacing their own IT departments, by outsourcing. Customer Service: This business appreciates the heart of every respectable Client company lies in its I.T. infrastructure, which makes it all-important that it is up and running 24x7. It operates a very efficient and effective support service via telephone support and remote access, making site visits only when necessary to ensure any issues are swiftly identified and fixed with the minimum of expense and disruption.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | The Owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business with one of the Owners very keen to stay with the business in a senior role on and on-going basis. |
| Reasons for selling: | The Owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business with one of the Owners very keen to stay with the business in a senior role on and on-going basis. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
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| Lease: | yes |
| Lease terms: | The premises are leasehold with a break clause which can be invoked in April 2008. Rent is currently £6,800 per annum with Rates of £790 per annum. |
| Location: | The business currently operates from well-suited premises – approximately 600 square feet of offices situated on the first floor of a small shopping precinct in a busy West Sussex town. The town is handily placed with good access to all areas of the South East via nearby motorways and with excellent rail links, to Central London. The premises are leasehold with a break clause which can be invoked in April 2008. Rent is currently £6,800 per annum with Rates of £790 per annum. |
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