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Installation & Maintenance of Computer Network Systems

Ref. IU183

Location : Middlesex

Asking Price : £450,000

Turnover : £944,000

Net Profit : £167,000

Gross Profit : £218,000

EBITDA : Undeclared

Net Asset : £95,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leased Premises

Asking price includes:

Turnover circa £944,000
Gross Profit circa £218,000
Adjusted Net Profit circa £167,000
Net Assets c£95,000

Operating for approximately 10 years the business is well established.
Good access to M25 and M40, as well as nearby rail link.
Well established name and reputation.
Experienced and knowledgeable staff
Excellent and reliable service at competitive prices
Large established client base.
Personal & friendly service
Training and handover.

Business Profile

This company is expert in providing complete IT hardware, software solutions and maintenance. Their main clientele are blue chip in law, manufacturing, food and entertainment and they are invited to tender on a regular basis. The area covered is nationally within the UK.

They specialize in the supply, installation, management and maintenance of computer hardware from top brand channel partners such as Toshiba, HP, Sony, IBM and Compaq as well as their own brand hardware. They also provide a disaster recovery service.

Installation and configuration consists of software from Microsoft, Novell, Sage, Iris, Citrix, and Lotus among others, which enables customers to have all their requirements catered for with one company they can trust.

The hardware and software installation is complemented with a complete cabling service for any computers, telephones and data networks.

Software systems includes the companies own database, Sage accounting and Iris PAYE software.

Service split – IT Support 30%, Back Up 30%, Hosting 30%, Professional services 10%

Customer Service:

Customers know they receive a first class service with reliability, from the motivated and well trained staff, who are always trained in the latest technologies.

A proven track record for reliability and excellence ensures existing customers are retained and new customers are recommended.

Customers are offered a complete range of Maintenance Support Agreements to protect and cover their networks in the event of breakdown or failure. Contracts range from 1, 2 or 3 years duration.
Contracts are designed to be flexible and provide as much protection as required from single items of equipment, such as servers to complete and comprehensive network cover.

All contracts can be tailored to meet a two, four or eight hour engineer response time and include telephone support.
Support can include remote or on-site support, loan equipment, labour only support or retainer contracts.

Key Strengths:

The company was founded approximately 10 years ago and has established an excellent reputation.

This is a highly profitable business with huge potential to expand further. The current business is extremely buoyant and busy with over 200+ clients.

All the staff are well trained and motivated ensuring longevity of service.

Key Opportunities:

Currently the business acquires customers through tele-marketing and long term relationships. A more responsive marketing and advertising campaign would increase sales further in an expanding and developing market. There is excellent potential to increase profits within this business.

Equipment:

Internal Personal Computers
Internal Servers
Own database
Sage Accounting

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

For the year ending October 2016, turnover was circa £943,832 per annum with gross profit of circa £218,203, the adjusted EBITDA after Owner’s drawings of £56,000 was c£167,000. Net assets are c£95,000 on a zero cash, zero debt basis.

There is a significant cash balance currently in the company and the asking price will be increased on a £ for £ basis by any increase in the Net Assets of the company above £95,000.

Advertising and Marketing:

Telemarketing, repeat business and customer referral.

Growth and Expansion:

There is a huge potential to increase sales through marketing and advertising which is not utilised at present, as current sales are obtained purely through repeat and referred business.

The market is ripe for growth ensuring fantastic opportunities to increase the market revenue, size and scope of the business.

Premises:

The business head office includes individual offices, a separate meeting room, a workshop and substantial parking facilities.

The property has a renewable lease expiring on 01/01/2019. The rental is currently set at circa £13,000 per annum and rates payable of £3,600 per annum.

The company is ideally located within a business park near Uxbridge, with excellent access to the local area which it serves.

Business Hours:

Monday – Friday 9.00 – 5.00

Employees:

The company employs 10 staff these include: x Installation/Maintenance Engineers, x Cabling Engineer, x Sales Manager, Accounts Manager, x Service Manager and x Part Time Staff. The current Owners also work full-time and they are happy to stay and handover as well as train the new owner. Their wages totally c£56,000 are included within the costs of sales.

Support and Training:

The current owners will provide all necessary training, to ensure a smooth transfer of the business to the new owners.

Reason for Sale:

The owners have reached the age where they wish to do something else and handover the running of this successful company to somebody with energy and enthusiasm and focus to take it to its true potential.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk