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BUSINESS REFERENCE : IU116 / RightBiz WEB DESIGN, HOSTING, INTEGRATED SYSTEMS COMPANY AND CONSULTANCY | | | | | | Web Design, Hosting, Integrated Systems Company and Consultancy Confidentially offered for sale Ref No: IU116 Location: North West Asking Price: £1,000,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | IT & Internet & Computing | | SALE: | Agent Sale | LEASEHOLD: | £1000000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This company was formed in 1996 and was initially created to build websites. This format has changed dramatically and the business now offers a wide range of marketing and web based services to a broad range of clients from the sole trader up to and including blue chip companies. Since its inception it has become one of the leading company in its field in the North West.
It is still involved in the creation of web sites and also provides flash applications, hosting services, technical support, secure transaction services, and bespoke application programming to facilitate the effective interface of web services and existing client software.
Their activities have also resulted in requests to design corporate identities and associated marketing literature. This wide-ranging portfolio of skillsets has resulted in achieving a two-year contract with a national company and a one year contract with a well known high street chain.
The business is well established, financially sound and with a consistent two-three month forward order book. The annual hosting of web sites provides a large volume of on going income.
Customer Service:
Clients stay with this business long term not only because the finished products out perform their expectations but also because they are easy to do business with. Their key strengths are experience, pragmatic pricing, integrity, communication and building strong customer relationships. This has resulted in a database of circa eight hundred customers who have had sites built for them and remained with the business for their hosting contracts. Many of these also take advantage of the companies in house e commerce software for their online purchases.
Key Strengths:
Strong brand name and image
Excellent reputation
Experienced and loyal staff
Broad range of services
Written two-year contract with a national company
Circa eight hundred sites with links to their business
Growth and Expansion:
There is no real competition for this company and as such it is the leading business in its field in the region. It has around three months work forward planned at any one time and that is only restricted by its present staffing levels. The owners feel that they have grown it to a point whereby it now needs to be taken to the next level in its growth curve and they would like to move on to new challenges.
The business doesn’t have a sales force and doesn’t even target its own customers to maximise potential.
Employees:
Two directors
One technical manager who is also a full time developer
One creative manager who is also a full time designer
Three full time designers
Two full time developers
Team of three developers who support and service the national account
One full time support / developer
Premises:
The premises occupy a prominent location in a rural market town in the North West. There are a total of six offices in the building and ample parking is immediately available. A lease would be available on the building for circa £850:00 per month for a period to be agreed as part of the sale process.
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. The business enjoys a turnover of circa £750,000 with net profits of around £200,000. The business has a healthy balance sheet with cash on deposit and a range of company vehicles. The operation has a relatively low headcount and carefully controlled overheads.
Support and Training
There will be a full and professional handover for a period to be agreed between the vendors and the new owner | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IU116 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
