Asking price: £1,500,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Sales memorandum
Established Specialist Networking & Computer Reseller
Operating across the UK
Business Profile: This business is a networking and computer reseller specialist operating across the UK. Founded in 1997, the Company prides itself in providing high quality practical and affordable IT products backed by superb levels of service to end users.

Committed to delivering practical network hardware and software solutions to clients, the Company also guarantee value for money, together with efficient and effective systems, and was originally established for the sole purpose of building, installing and maintaining networks for the corporate market.

This Company have been providing high-quality networks and PCs for many years, and now provide clients with a full range of services and products, specialising in the after-sales care of hardware and software for networks and PCs.

To maintain a competitive edge within the fast moving market place, the business is constantly evolving and always looking to improve all aspects of its operation. Rapid expansion since inception is attributable to the company’s long-term aims of selling quality components at competitive prices, coupled with a total commitment to the customer.

Staff are friendly and knowledgeable and always take the time to show customers the products, explaining them in detail. This ensures customers are able to make the right decision about the system they purchase.

Systems sold are tailored specifically to the individual requirements of customers, staff work to specified guidelines, which means customers only pay for what they really need, ensuring competitive prices and the latest technology. Clients include small businesses, insurance brokers, tourist offices, diplomatic services, solicitors, and many more well established clients.

The Company places great emphasis on the consultancy and design phase of any network project, recognising that this initial focus will not only deliver a networked system, which is more relevant to the needs of the customer, but also streamline the implementation of that network. This guidance and input ensures that the evolution of a network is undertaken in a planned fashion, allowing new technologies to be embraced with minimal impact on current network services and, thereby, avoiding risk to the business.

The Company offer a complete computer network planning and implementation service, from the small office environment to the large corporate client. Offering a one-stop solution, they constantly review and introduce new product lines accordingly.

The wide range of services offered include:
• Bespoke Networking Solutions
• Network Consultancy
• Bespoke Computer Design Solutions
• Computer Repairs and Upgrades (including maintenance contracts)
• Peripheral Repairs and Upgrades (including maintenance contracts)
• Complete Internet and Intranet Solutions
• Bespoke Web Design Solutions
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.

Sales exceed £845,000 with Gross Profits exceeding £540,000 and Net Pre Tax Profits exceeding £187.000 per annum

Years established: 1997

Employees: The Company currently employs a manager/accountant, sales staff who all receive on going product training, engineers with excellent qualifications and good proven track records, and also a part time telephonist.

Trading hours: Monday - Friday: 9:00am-5:00pm Saturday: 9:00am-1:00pm Bank Holidays: Closed

Property: Leasehold

Location
Premises: These spacious well located premises occupy two floors and comprise of a bright and modern open plan ground floor showroom and walk in retail outlet, an engineers work area, plus extra storage. There are stairs to a computer server room, a call office, and a training/conference room. The premises also have kitchen facilities and air conditioning and have excellent security being covered by a redcare alarm system, CCTV, and a front electrically operated security grill.

The impressive building has excellent signage with a large illuminated display fascia, providing customers with a first class opportunity to view the extensive range of products supplied. The business has the significant benefit of ample car parking and is also well located for access to major road and motorway networks.

Competition / Market
Advertising and Marketing: The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively. Advertising has included yellow pages and the Thompson Directory with a high proportion of the business’s revenue being due to strong word of mouth recommendation. The business regards existing clients as their best advertisers, and has earned an excellent reputation since inception. The business has an excellent informative web site, which has proved a huge hit, allowing the user to find out in great detail about the business, the site has performed well with tangible and profitable business being forthcoming.

Support & training
The owner is willing to provide continuity for the new owners with a hand over period to be negotiated as part of the sale agreement.

Reasons for selling
The owner has decided, rather than take the business on to the next level, a new owner with management and marketing skills, will be able to develop the existing market niches, which the business works in.

Related documents

		Full details and confidentiality agreement