Software Solutions Company Specialising In Warehouse For Sale

Business description

Software Solutions Company Specialising in Warehouse and Logistics IT Systems

This very well established and respected software solutions company has been providing customers with bespoke and tailored solutions for some 20 years now and in that time has carved out a superb reputation as an innovative and knowledge based organisation.

The company’s core business centres around providing a comprehensive and bespoke support and development service to customers utilising warehousing management systems. The company also provides additional data extraction, sales and web enhancement programmes and tools that provide its clients with a complete commercial software system that is uniquely tailored to their own operations providing the most functional, flexible and cost-effective solution for their business processes.

The range of services this company has to offer provides a total one-stop shop for their customers. From consultancy, business analysis and project management through to installation and ongoing support, this unique business offers everything customers require to ensure their business needs are totally fulfilled.

The business has a highly experienced team in place that can respond quickly to client requirements and provide the highest service levels, a must when dealing with mission critical systems for clients operating multi million pound operations.

Equipment:

The business has a comprehensive range of the latest hardware, software and development tools and programmes in order for it to carry out its duties effectively and to aid in development of new solutions. It also has a leased AS400 system. All equipment is included within the sales price.

Customer Service:

This company has been built on providing its customers with the highest levels of service over many years, in terms of development and delivery of an effective and innovative solution within acceptable timeframes. Speed of response is also key to maintaining customer confidence as any potential downtime can cost clients dearly.

This commitment to customer service is backed up with strategic partnerships with leading technology companies such as Microsoft and IBM.

Key Opportunities:

The company has some very high profile sites both within the UK and Europe. A more aggressive sales strategy using these reference sites should see the business increase its customer base further and increase revenues as it has a superb track record and the skill set already in place to do this.

Key Strengths:

• Impressive customer base/ ongoing reference sites with Pan European coverage
• Suite of desirable products
• In-house knowledge- ability to make different packages integrate with each other
• Reputation
• Ongoing development and project work
• Profitability

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.

The business has consistently achieved sales turnover circa £400,000 for several years. Resultant net profits available to the vendor circa £150,000 p.a.

Property information

Property:

Leasehold

Lease terms:

Annual rent is circa £28,000 p.a. Rates are circa £12,000 p.a.

Location:

The business operates from prime leasehold offices in a well established and well known business park. Premises comprise circa 2,500 square feet of offices. If anything the offices are a little large for the business’s current space requirements. Current lease is a 10 year one with several break clauses in it. Annual rent is circa £28,000 p.a. Rates are circa £12,000 p.a.

Business Operation

Expansion potential:

The IT solutions market is huge and there are many opportunities to grow this business further both with existing customers and through a more proactive approach to sales and marketing. New technology is constantly being developed and this business is ideally positioned to embrace it and take it to the market and increase its offerings.

Competition / Market:

The business has never felt the need to advertise preferring to rely on referrals, recommendations and repeat business. It does however have an informative website that contains case studies and product/service information.

Reasons for selling:

The vendor now wishes to retire and spend more time abroad.

Trading hours:

Monday – Friday: 0900-1700

Employees:

The vendor works full time within the business on a strategic level and has a superb team of staff who run the business operations on a day to day basis. The business employs 3 full time Software/IT developers who liaise with customers as well as employing 2 administrators both on a part time basis.

Other information

Support & training:

The vendor is more than happy to proved a comprehensive handover to ensure continuity of trading.