Asking price: £695,000

Sales revenue: £1m < 5m

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established in 1997, this business is a specialist supplier of competitively-priced IT products and services to a diverse range of companies in the mid to large sized private and public sector corporates.

Supplying a full range of PCs, Laptops, servers, printers and associated network hardware and software, backup devices, network cables, peripheral products for all business activities including camera’s, projectors etc., this business supplies products from all of the major manufacturers including Acer, Apple, Belkin, Brother, Canon, Cisco, D-Link, Epson, Fuji, Fujitsu, Hewlett Packard (HP), NEC, Panasonic, Samsung, Sanyo, Seagate, Siemens, Sony, Symantec, Tandberg, Toshiba, USRobotics and software including Microsoft, McAfee, Sophos, Veritas plus many more

This business has been built on the strength of providing on-going customer service resulting in repeat custom from a large, varied and strong customer base. With a range of products from all of the major manufacturers this business also provides a comprehensive range of barcode software solutions.

The wide range of products include hardware supply and support, data collection together with standard and bespoke software from all leading software companies including Microsoft, Sage and many more. Clients in this sector include private and public sector bodies throughout the UK including Local Governments, schools, hospitals, SME’s and major Corporates in manufacturing, warehousing and retail.

The cornerstone to the success of this business is the customer service it provides - from the system design to delivery, implementation and service support. By concentrating on its customers’ requirements, it is able to assist the customer by providing the best solution. This has resulted in many years of repeat business from its customers.

In its twelve years of operation, the business has maintained a consistent performance. With projected turnover for the 2008/9 financial year of £1,900,000 generating gross profits of 18%, this business represents an excellent acquisition opportunity for a new market entrant to establish themselves within this sector or an existing sector operator to acquire a major national player.

Years established: 11 years

Relocatable: This business can be relocated.

Property: Leasehold

Expansion potential
Though the business has an enviable reputation for fulfilling and often exceeding customer expectations, the current management has not been able to give the management support to allow this company to grow to its full potential. Consequently, there is a marvellous opportunity to build and enhance the products, services and customer base of this company. With strong demand, particularly with the Government support to the economy through support of the public sector, there are many opportunities to increase turnover particularly with a new owner contributing fresh ideas, motivation and enthusiasm, particularly in the area of telephone canvassing/sales, advertising and marketing, they will have the advantage of building on an excellent platform. As well as increasing the customer base by expanding the available sales staff, additional growth is available to this business by nurturing the existing customer base.

Competition / Market
This business has a very well designed, informative and easy to navigate website which performs very well within all the major search engines for all appropriate search terms. In addition, it has a well established and widely distributed Product Catalogue. It also has significant acclaim resulting strong word of mouth recommendation, particularly amongst different departments within Local Government and large organisations. The business also enjoys a substantial number of leads via its website.

Support & training
The Owner will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new Owners, even to the extent of working for a longer period with the new Owners, if appropriate, subject to negotiation. This will include any new staff the new owners wish to employ as all existing staff will remain in other parts of the group.

Reasons for selling
Having built the business to its current scale, the owner has the opportunity to pursue other areas of business interest and now wishes to pass this opportunity to new Owners to build on the excellent foundations already laid.