Asking price: £135,000

Sales revenue: £261,000

Net profit: £38,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This well established business, set up by the current vendors almost 10 years ago specialises in the repair of Laptops and PCs to, in the main the retail market. It does also provide its services to the commercial sector but approx 75% of its customer base is private.

The company has built up a sterling reputation in that time based on excellent technical ability, fault finding, speed of response and competitive pricing. Because of this the business has enjoyed very high levels of referrals and recommendations to date and this is evident in it sales revenues that are growing year on year, as is the customer base.

In addition to its core repair business, which for the most part is in-house, the business also retails computer peripherals, spare parts, components, ink cartridges (new and refurbished), plus various software. It also carries a small stock of new and refurbished laptops and PCs as well as providing data back up services.

The company has literally thousands of satisfied clients throughout the region and has circa 5000 current customers who use its services as and when required.

Equipment:

As you would expect from a company of this nature it has a good level of in-house diagnostic and test equipment and software to carry out its duties. The business also utilise Access database and various spreadsheet programmes to manage and administer the day to day running.

Customer Service:

As already mentioned the company can boast a very large client base such are the service levels it achieves. These service levels are based on speed of response, (24 hour turnaround in many cases), technical ability, reliability and competitive pricing levels. The business has just recently started offering a collection and delivery service that is also expected to increase sales and service levels still further.

Key Strengths:

• Superb reputation
• High profile retail location on busy thoroughfare in city
• Good website ranking
• Staff
• Knowledge
• Growing and loyal customer base
• Multiple revenues streams
• Customer service levels
• Referrals
• Ongoing growth potential

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.

Current turnover is circa £261,000 p.a. Gross Profits circa £156,000 p.a. giving resultant net profits circa £38,000 p.a. Current stock levels are circa £8,000. The business has enjoyed good growth year on year and this is expected to continue in line with the growing demand for its services. The business has also identified several new revenues streams that will support its future success.

Employees: The two partners work full time in the business. One is responsible for administration and finance, the other is a technical engineer. In addition to this the business employs the following staff: • One-Full time principal engineer and web designer • Two- Part Time Technicians • One Full Time Counter Sales(retail) • One Part Time Motherboard Specialist (one day a week) Staff are loyal, well trained and a real asset of this business

Trading hours: Monday-Friday: 0900-1700 Saturday: 0900-1600 Sunday: Closed

Property: Leasehold

Lease terms
The premises are leasehold. Current lease is a 3 year one. ANNUAL RENT IS CIRCA £12,500 P.A. Rates are circa £2000 p.a.

Location
The premises are leasehold. Current lease is a 3 year one. ANNUAL RENT IS CIRCA £12,500 P.A. Rates are circa £2000 p.a. The business is located on a very busy retail thoroughfare within the city that is also a major bus route. It is a corner plot (previously 2 separate retail units) and enjoys good signage and shop frontage. Total floor space is circa1350 square feet. This comprises a retail area with a separate workshops, storage, kitchen area and toilets. The premises have shutters, are fully alarmed and have Redcare cover.

Expansion potential
The business has enjoyed steady growth to date and this is expected to continue such is the ongoing demand for its products and services. The business has recently started to develop a web design service such is the in-house knowledge it possesses and this represents a highly lucrative area for future development. In addition to this the business is considering the development of a “networking” solutions based service to provide more services to it’s smaller B2B customers. Whilst the company has an informative website that performs well within the major search engines it is currently in the process of updating this to allow online purchasing of peripherals and consumables, together with links to various suppliers who can drop-ship on their behalf.

Competition / Market
The business has advertised in the local papers and utilised flyers over the years to promote the company. In addition to this it utilises a lot of Point Of Sale Advertising within the retail unit as it has excellent shop frontage with high levels of foot fall and passing trade. As already mentioned the business has its own well ranked website that is currently being updated. However the businesses best form of advertising comes via word of mouth recommendations and referrals.

Support & training
The current owners would be happy to provide full training and support at handover. As part of this they are prepared to stay on within the busines for a period of time subject to negotiation.

Reasons for selling
This is a genuine retirement sale.