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Sun, Sep 27 2020 02:37:42 AM  |  /

IU119 - Installation & Maintenance of Computer Network Systems

Business Id:000460     |    Reference: IU119
Leasehold Price:
£570,000.00
Business Description

This company is expert in providing complete IT hardware, software solutions and maintenance.  Their main clientele are found within local authorities and local education as well as commercial businesses and they are invited to tender on a regular basis.  The area covered is within a 90 mile radius of Milton Keynes.

 

They specialize in the supply, installation, management and maintenance of computer hardware from top brand channel partners such as Toshiba, HP, Sony, IBM and Compaq as well as their own brand hardware.

 

Installation and configuration consists of software from Microsoft, Novell, Sage, Iris, Citrix, and Lotus among others, which enables customers to have all their requirements catered for with one company they can trust.

 

The hardware and software installation is complemented with a complete cabling service for any computers, telephones and data networks.

 

Software systems includes the companies own database, Sage accounting and Iris PAYE software.

 

Customer Service:

Customers know they receive a first class service with reliability, from the motivated and well trained staff, who are always updated with the latest technologies.

 

A proven track record for reliability and excellence ensures existing customers are retained and new customers are recommended.

Customers are offered a complete range of Maintenance Support Agreements to protect and cover their networks in the event of breakdown or failure.

Contracts are designed to be flexible and provide as much protection as required from single items of equipment, such as servers to complete and comprehensive network cover.

All contracts can be tailored to meet a two, four or eight hour engineer response time and include telephone support.

Support can include remote or on-site support, loan equipment, labour only support or retainer contracts.

 

 

Key Strengths:

The company was founded approximately 16 years ago and has established an excellent reputation.

 

This is a highly profitable business with huge potential to expand further.   The current business is extremely buoyant and busy with over 200+ clients.

 

All the staff are well trained and motivated ensuring longevity of service.

 

Growth and Expansion:

There is a huge potential to increase sales through marketing and advertising which is not utilised at present, as current sales are obtained purely through repeat and referred business.

 

The market is ripe for growth ensuring fantastic opportunities to increase the market revenue, size and scope of the business.

 

Key Opportunities:

At present the only form of advertising is through the Yellow Pages, this could be increased to include a more responsive marketing and advertising campaign to increase sales further in an expanding and developing market.  There is excellent potential to increase profits within this business.

 

Advertising and Marketing:

The only form of advertising is currently through Yellow Pages, repeat business and customer referral.

 

Equipment:

Internal Personal Computers

Internal Servers

Own database

Sage Accounting

Software and Iris PAYE s/w.

 

Premises:

The business head office includes individual offices, a separate meeting room, a workshop and substantial parking facilities.

 

The property has a renewable lease. The rental is currently set at circa £21,000 per annum and rates payable of £8,000 per annum.

 

The company is ideally located within a business park in Milton Keynes, with excellent access to the local area which it serves.

 

Employees:

The company employs 11 staff these include: 5 Installation/Maintenance Engineers, 1 Cabling Engineer, 1 Sales Manager, 1 Accounts Manager, 1 Service Manager and 2 Part Time Staff.  The current Owner also works full-time and they are happy to stay and handover as well as train the new owner.

           

Business Hours:

Monday – Friday 9.00 – 5.00  

 

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 £968,000 per annum with gross profit of circa £631,000, and an adjusted EBITDA before Owner’s drawings of circa £200,000. Net assets are c£190,000 on a zero cash, zero debt basis.

 

There is a significant cash balance currently in the company and the asking price will be increased on a £ for £ basis by any increase in the Net Assets of the company above £190,000.

 

Reason for Sale:

The owner has reached the age where they wish to retire and handover the running of this successful company to somebody with energy and enthusiasm and focus to take it to its true potential.

 

Support and Training:

The current owners will provide all necessary training, to ensure a smooth transfer of the business to the new owners.

 
Business Information
Turnover:£968,000.00 Annually
Profit:£200,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: IT / Telecoms businesses, Technology Businesses
Statistic Information
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Business Profile
Equipment: na
Key strengths: na
Key Opportunities: na
Financial performance: na
Asking Price: na
Advertising and Marketing: na
Growth and Expansion: na
Premises: na
Business Hours: na
Employees: na
Support and Training: na

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