Asking price: £395,000

Sales revenue: £615,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This interesting and exciting opportunity involves a package of two separate limited companies.

The first company (ID#1) has been trading since 2005 and has specialized in the sales of computers and spares to the retail market. The company offers complete service centre facilities in a comfortable showroom type situation, which creates the right ambience for their customers. This business is a 3 Mobile Dealer and supports the services of the second location company (ID#2). The company has also developed a reputation for advising on networking solutions for schools and colleges. The business has developed organically from the lengthy 15+ years of generic experience of the Managing Director.

The stated approximate turnover etc. is developed from company (ID#1) and company (ID#2) is not represented fiscally, due to only commencing trading January 2009.

The second company (ID#2), having commenced trading January 2009, is located in a modern shopping mall, and has been fitted out at great expense (circa £100,000) to present a correct upmarket feel, whilst representing most price range products and embracing a total market mentality. Such has been the success of this enterprise that the shop has achieved “ACER Experience Centre” status, and is one of only 6 nationwide. The shop offers the full range of computer retail solutions along with being a 3 Mobile dealer and recently becoming an Internet Service Provider with package flexibility offerings of as little as 3months customer commitment.

One of the cornerstones of this company’s business model has been their wish to provide well informed and accurate advice and solutions. Therefore, staff employed by this outlet have all been well trained to give quality advice to their customers, a factor not closely associated with the “Big Box” stores.

This opportunity to acquire two complementary businesses, one with a solid trading history and another poised for development along several potentially lucrative routes, will appeal to either a larger company trading in the same or parallel markets, perhaps looking at expansion or geographical location, or an entrepreneur/ investor looking for a business with a solid base and good future potential.

Equipment:

The two companies own and maintain an inventory of equipment, tooling plus fixtures and fittings etc. This inventory is expected to be included in a successful sales package.

Customer Service:

As previously mentioned, the company has used quality of customer service as one of the very keystones of its business model. This has led to their gaining an excellent reputation with much repeat and word of mouth recommendation business.

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.

Years established: 2005

Employees: Business (ID#1) employs 3 full time staff including the Director Business (ID#2) employs 3 full time and 1 part time staff.

Trading hours: Company (ID#2) Monday – Friday: 9.00am – 5.30pm Saturday: 9.00am – 6.00pm (Sunday opening option?) Company (ID#1) Monday – Friday: 9.00am – 5.00pm

Property: Leasehold

Lease terms
The lease has approximately 5 years left to run and annual rental comes in at circa £4,200, with rates coming in at a meagre £850 per annum approx. The current lease has approximately 2 years left to run and yearly rental comes in at approx. £20,000.

Location
Both Businesses operate from Leasehold premises.

Company (ID#1) operates from their Showroom/ Workshop of approximately 1000square feet. The lease has approximately 5 years left to run and annual rental comes in at circa £4,200, with rates coming in at a meagre £850 per annum approx.

Company (ID#2) operates from their Shopping Mall location of approximately 1,800square feet. The current lease has approximately 2 years left to run and yearly rental comes in at approx. £20,000.

Expansion potential
These two combined businesses are particularly well placed to benefit from the seeds of natural growth already planted by the opening of the upmarket retail experience shop at company (ID#2).

Competition / Market
Local newspapers have been used periodically to promote public awareness of the two companies, plus the two businesses have developed and maintained Internet websites.

Support & training
Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling
These two companies are now available for sale due to the Directors wish to diversify his business interests.