IT Services Company For Sale

Business description

Established in 1986, over the years this business has experienced consistent growth and firmly established itself as a leading supplier of I.T. solutions for small to medium sized businesses. Built on technical know-how and a passion for the industry, this company has embraced the technological developments that have taken place since its inception to maintain a reputation for offering unrivalled expertise and levels of customer service.

The business offers clients a comprehensive range of services all the way through from the supply of hardware and software, installation and maintenance to training and after-sales support. Numerous repeat clients continue to trade with this company, safe in the knowledge that all their needs can be met by one high quality, reliable supplier.

Providing bespoke solutions and catering to the varied needs of individual clients has been the ethos of this business since day one. The staff members are trained to the highest standard and are selected for their expertise in a variety of fields, meaning whatever problem needs to be addressed, someone will be on hand to supply the best solution.

The current owners now wish to retire and hand over the running of this business to a buyer who will continue to prioritise high standards and meet the varied needs of a diverse range of clients. An established name, excellent reputation and a strong forward order book will be the reward for the buyer who feels they are able to take on such a challenge!

Customer Service:

The current owners have built up a large, satisfied client base by providing a complete service able to fulfil the varied needs of numerous clients with regards to computer services. The results of this are seen in the number of new client’s taken on as a result of personal recommendations from both existing customers and suppliers. Trained, professional staff have years of experience within the industry and employees are passionate about providing the highest levels of service.

The training provided by the company has been recognised with an Investors In People award, indicating to potential clients that they can expect the very best service standards. The company operates a subscribed hot line telephone service providing software and hardware support. A dedicated workshop facility caters for unforeseen system failures. All these factors ensure clients can be confident that they will receive prompt and comprehensive support in all circumstances.

Key Strengths:

The number of services the company is able to offer is a major attraction to potential clients and ensures ongoing revenue in the form of maintenance contracts. The business has links with a number of accountancy practices and solicitors, facilitating the supply of services to their clients, a substantial additional revenue source. The company also offers a number of specialist services, including tailored accounts systems based on the Sage platform and is recognised as a Sage Solutions Centre. Such a wide range of products and services ensures longevity and a willingness to adapt to changes in the market has served the company well in terms of consistent growth throughout the years.

The business is in excellent shape and is being sold as a complete turnkey operation. Maintenance contracts worth £190,000 per annum are included in the sale and provide an excellent basis for maintaining the level of success that has been achieved thus far. As long as the new owner is able to match the level of support that is currently provided it is expected that the company will retain it’s significant number of repeat customers and growth will continue.

Financial profile:
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.

The business is financially stable with no borrowings and has shown significant growth over 22 years of trading. Current turnover is circa £1,500,000 with adjusted net profit circa £201,000 and work in hand of circa £190,000, this represents an excellent investment opportunity to a new owner.

Property information

Property:

Leasehold

Location:

The company currently occupies a two-storey office building. The premises are fully contained and include a meeting room and all standard facilities. There is easy access to both the M1 and M25.

Other information

Expansion potential:

A reputation for reliability and high service standards provides the new owner with superb prospects for continuing to trade at high levels of profitability while concentrating on opportunities for expansion.

Competition / Market:

Very little has been invested in advertising and marketing in the past. A small amount of web advertising has been employed and the business is listed in the Yellow Pages. Most of the company’s new business is gained via client referrals. Although there is no reason why the new owner will not be able to expect this to continue, there is obviously potential for exploring the opportunities offered by a more aggressive approach to marketing in achieving further growth.

Support & training:

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

Reasons for selling:

The owners have enjoyed 22 years at the helm of the business and have now reached a point where they feel the time is right to retire and relocate. This decision creates a first class opportunity for the right individual to take advantage of more than two decades of successful trading, an excellent reputation and a significant amount of goodwill within the industry.

Trading hours:

Monday – Friday 09.00 – 18.00