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IT & Telecoms Company For Sale

Buckinghamshire
Asking Price:
£200K - £500K Furniture / Fixtures and Inventory / Stock included
Turnover:
£200K - £500K
Net Profit:
£100K - £250K

The business is a supplier of IT managed services, IT maintenance and hosted VoIP telephony.

The company has a 20 year heritage, achieving an enviable reputation for the provision of IT solutions to the local SME market, backed up by very high standards of technical expertise and an impressive level of customer service. The first priority of the team is always to their clients, acting as trusted advisor's, clarifying requirements, specifying project plans and following through to successful deployment of all the technologies and solutions involved.

The core IT business activities consist of supplying IT services mainly based on Microsoft Windows/Server/Office365 solutions, supplying complete networks as well as associated software and maintenance contracts. The VoIP telephony business model is extremely innovative, and the company has developed it's own in-house software for centralised management of the Cisco hardware. The company is expecting strong growth from the VoIP side of the business, for example winning a substantial installation for a Government funded body.

The company also offers clients managed services such as its own in-house internet backup service, email filtering, and website design/consultancy service. These services have low overheads and offer considerable possibilities for expansion. There is a solid recurring revenue stream which can be developed.

Opportunities:
The Company has considerable potential for expansion and development, or could make a valuable addition to an existing established business in the IT sector. Currently, most new sales projects and the healthy cash flow have been generated just from word of mouth recommendations - there has been little direct marketing and advertising carried out and only marginal use made of the Company's presence on the Internet. Also the existing owner has been content to stay relatively focussed on just the local area, and have not exploited the vast opportunity to sell their successful formula further afield. The owners believe there is scope for expansion into the London area and it is envisaged that new owners, using enthusiastic promotion and advertising strategies coupled to a proactive sales approach, would quickly transform this successful small business into a much larger enterprise.

Employees:
The Company is a very effective and efficient operation with a fully functional team of technical experts, ensuring that it is always possible to provide a full comprehensive IT solution and outsourced IT service to the target customer base. There are currently four full time employees including the owner, plus one part-time accounts/admin. The owner is available for an extensive training and handover period for the benefit of the new owners if required. The owner would also consider continuing in a senior role within the combined organisation, depending on the opportunities available.

Financial Information:
The Company is financially very sound with no borrowings, low overheads, cash in bank, positive cash flow and no bad debt. The owner has consistently drawn good levels of remuneration from the business over the years. Full financial information is available, subject to a confidentiality letter being returned. The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the Directors of the Company and interested parties.

Location:
The Company operates from prestigious, modern offices in a town centre location, with its own plentiful car parking and just a short walk from the train station (50 minutes central London).

Note:
Due to the considerable number of enquiries, there may be a delay in responding. Serious enquiries only.

Property information

Property:

Leasehold

Leasehold Rent:

£10,065 per annum

Location:

Prime town centre location, short walking distance to train station (50 minutes to central London).

Premises Details:

The business is situated within a modern office complex, with plenty of parking.

Energy Performance Rating:
E

Business Operation

Expansion Potential:

The existing owner, who founded the business, has concentrated on developing the business in the local area and have not persued the vast opportunity to develop significant adjacent territories or via the internet, particularly with respect to the VoIP side. So with additonal the introduction of some sales/marketing resources to promote the firm this business could undoubtedly substantially increase turnover and profitability.

The requirement is to inject new enthusiasm and dynamism at Director level, or ideally integrate with an existing business and aggressively leverage the existing client base and domiante the immediate area, which has huge potential. The next step would then be to exploit other significant connurbations within 40 miles radius. The Company is located in one of the fastest growth areas in Europe. Plans for economic expansion in the town itself and to the immediate North are well advanced and substantial. In addition, there will be an influx of new businesses needing IT infrastructure and support services. Despite its location just 40 miles from Central London, local housing is still relatively inexpensive. It is envisaged that new owners, using enthusiastic promotion and proactive sales techniques would quickly transform this highly successful small business into a much larger enterprise leveraging the unique location and strong base.

Competition / Market:

There is competition from a number of smaller operations. There are no competitors that have been as long established and well respected.

Reasons for selling:

The owner has decided to place this thriving business on the market because after more than a decade of personal effort, he wishes to see it move onto the next level as part of a larger organisation.

Trading hours:

Monday to Friday 9.00am to 5.30pm

Employees:
4 full time, 1 part time
Years established:
10+ years

Other Information

Support & training:

The existing owner would be prepared to give every assistance to ensure a smooth and successful hand over to the new owners. The owner also expresses interest in the possibility of being involved at a senior level in the combined organisation depending on offer made.

Financing available:

The owner prefers to be acquired in full by a larger IT organisation. However, they *may* consider part sale/part staged payment over an agreed time period, depending on the aquiring company and size of offer made. A fully "owner financed sale" will not be considered.

Furniture / Fixtures value:
£5,500 - included in the asking price
Inventory / Stock value:
£12,200 - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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