Bespoke Software Company Specialist Therapy Services IT For Sale

Business description

This young and dynamic company was set up some two and a half years ago and has quickly developed an in-depth knowledge and expertise in working within the social and healthcare markets. The business produces software for health management for the NHS and private healthcare organisations. Their main product offering is currently in it's 4th year of continual research and development, a lot of the initial development being carried our prior to the formal incorporation of the company. The company has already worked at all levels across most health organisations within the UK and has all the necessary skills to serve this huge market. Whilst in its infancy the owner of this business has a wealth of experience of serving the UK health service having previously worked for a large international company within the sector.

This business specialises in delivering solutions for Therapy Services in particular but has also helped Trusts in other clinical and non clinical business requirements.

Property information

Location:

The business is currently run from leasehold premises within the city close to all local amenities. The current lease runs until December 2008 and it is understood a new lease would be made available should a new owner require this. Current rent is £6000 p.a. Rates are circa £2000 p.a. The premises are situated on the first floor of a multi-occupancy building on a prominent road. There are 3 separate offices, kitchen and toilets. Total floor space is circa 1500 square feet.

Other information

Expansion potential:

There are over 200 Trusts in England with a further 15 in Wales, not to mention Scotland and Ireland. In addition to this there is the private sector to consider and that is just within the UK. By its own admission this company is only scratching the surface. The health care market is a huge growth market and this business is very well positioned to take advantage of the opportunities the market represents. At present it is anticipated that only 1.5% of all Trusts have sufficient software to help manage their services effectively. With some new investment, particularly on resource within the sales and marketing function this business is expected to enjoy high growth rates and success over the coming years.

Competition / Market:

To date the company has undertaken very limited sales and marketing. This has been addressed recently with the new business development consultant being taken on to improve brand/product awareness through direct mail and telesales. As part of this the business has developed a brochure and detailed DVD offering to compliment the highly informative website.

Support & training:

The owners will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to new owners. Length of time to be negotiated at time of sale. The vendor would also be keen to retain a share within the business if possible subject to negotiation. This would also ensure continued software development of the products.

Reasons for selling:

The vendors are looking to move abroad. The business is now at the stage where it requires additional investment in resource (sales staff, marketing, administrative staff etc) to fully develop and exploit the many opportunities at its disposal.

Trading hours:

Monday-Friday 0900-1700