Manufacturer Of Audio Systems In Ireland For Sale

Business description

Bespoke Designer & Manufacturer of Wireless Handcrafted Audio Systems and Custom Made Speakers

Established 1999, this company specialises in the research and development, design and manufacture of a range of high quality wired speakers and sub-woofers, plus discrete in-wall and in-ceiling products and powerful high definiton wireless audio systems. The products are bold in terms of design and technology and create a statement wherever they are installed.

The company has established a reputation for combining cutting edge design with superior audio performance throughout its extensive product range.

The wired range of speakers have received accolades in a wide range of audio and design publications and have been selected to feature in movies and in celebrity owned hotels.

The company has undertaken a six year Research and Development programme into wireless audio streaming focused on producing a wireless transmission and amplification system that is reliable, robust, flexible, easy to install and use

The wireless audio system guarantees great sound throughout the house and garden, and are compatible with any music source including iPod, MP3, CD players, turntables, tuners and PC’s, thus avoiding the disruption of installing speaker cables.

This original and innovative the company provides premium quality products, with quality as the priority. The combination of leading edge technology and hand-crafted, curved, natural forms is totally unique.

Customer Service:

One of the major features in the company’s growth and success, apart from the quality of the product, is the importance of good customer relationships, which enables it to maintain a first class service.

The company has a policy for customer care and attention to detail, which has seen the business stand the test of time and keep it ahead of any competition, with the priority being to give a helpful and responsive service.

Key Strengths:

This business designs, develops and produces a unique range of quality differentiated products backed up by premium customer service.

The products are bespoke, handcrafted, ground breaking designs using high quality materials and finishes, for long lasting performance. Products exceed visual and audio offerings of competitors with modern design and high performance capabilities.
Technologically the superior designs result in class leading levels of clarity, faithful in every way to original recordings.

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 projected company turnover is circa €500,000 with Gross Profit circa 32%.

Property information

Property:

Leasehold

Location:

Based in the West of Ireland, the business is run from a new purpose built facility, which is complimented by a state of the art AV showroom incorporating the latest range of products.

The property is leasehold and the annual rent is €10,800 per annum. Alternatively, the business is fully relocatable.

Other information

Expansion potential:

The company offers considerable scope for expansion with further investment into the full ‘productionisation’ of products developed as a result of research and development activities and by increasing the level of marketing activities.

Recent projects with the European Space Agency have culminated in two valuable wireless and solar powered patents with the possibility of more spin-off patents being issued in the near future.

Products are currently manufactured in the UK, but could easily be manufactured in the Far East at a lesser cost, achieving gross profit margins of up to 90%.

The current market for this business is buoyant and is forecast in the near and longer term for significant growth. Consumers are spending more on speakers and amplifiers, the price consumers are paying is also on the increase. The rise in popularity of multi-room audio systems in the area also offers great potential for this company. .

As a preferred supplier to key customers, growth is assured if the present ability to deliver is maintained and opens the doors to many additional opportunities with other prospective customers.

Competition / Market:

The company has an excellent website providing details regarding company products provided. Marketing activities include product reviews, PR, advertising, trade show attendance, dealer and distributor details and high quality sales literature. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and the practice regards its existing clients as its best advertisers. Along with this there is a constant ongoing review of where they need to be in a changing market and creative advertising is used regularly to keep them in the front of new potential clients.

Support & training:

Support and training can be provided if required.

Reasons for selling:

The vendor started the company from scratch and he now considers that the time is right for a purchaser to bring this business up to its next operating level, he has stated he would be happy to remain on a full time basis or as a consultant.