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BUSINESS REFERENCE : IU120 / RightBiz IU120 -HUMBERSIDE-£ 180,000-CASH REGISTERS AND CCTV SALES, INSTALLATION, REPAIR AND MAINTENANCE PROVIDER | | | | | | Cash Registers and CCTV Sales, Installation, Repair and Maintenance Provider Ref.IU120 Location Humberside Asking Price £ 180,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £180000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is a superb opportunity to purchase an established business, which specialises in the supply, installation, repair and maintenance of cash registers and CCTV.
The company is owned and managed as a family business and supplies mainly to individual licensees within a fifty mile radius of their premises in Humberside.
Situated on a main high street, the business has an excellent, highly visible, location and benefits from the huge amount of daily passing traffic.
The company has a growing database of over 500 regular customers, many of which are on maintenance and service contracts.
The business is profitable and easy to run with low overheads and works to simple business principles of providing a reliable, competitive and quality all year round service to its customers.
Customer Service:
Customer service is paramount to the success of this business. This is a family run business with family values. They offer a wide range of products and aim to deliver and install all stock items within 3-4 days of receiving the order.
The company offers their clients a competitive maintenance contract which runs 365 days per year up to 11.00 pm each day. Customers are always commenting on the excellence of the service provided and the genuine flexibility of the company helps them to run their businesses smoothly
All of the programming, maintenance and installation is carried out by the companies own team of highly skilled and trained engineers under the supervision of the production director.
Key Strengths:
The business has an enviable reputation built upon solid foundations in a busy high street location. The owner has over 40 years experience in the trade and he has passed on this knowledge to his son and staff over the past four years, since the company was formed.
The business has been developed in such a way so it can cater for the most demanding of clients. The infrastructure is in place with both its staff and product offering to go forward to a higher level
The reputation is such that the business enjoys very high levels of repeat business. The customer base between sales and maintenance is a mix that ensures a degree of economic resilience. There is excellent scope for growth for the company in the private home market added to the growing number of licensed houses.
The business is well run, with an excellent team of skilled and conscientious workers, who pride themselves on the high standards they have set. Circa 95% of the equipment is sold on lease/ purchase to their clients over a variable period. The company can provide finance facilities, which they benefit from, and there are a small amount of cash deals. Contracts, which run for a minimum of twelve months, are paid for in advance.
The business is profitable with good cash flow and is straight forward to run.
The family owners have invested heavily in supplying state of the art technology. This always keeps the business one step ahead of their competition and continues to provide their clients with an excellent quality of work.
Growth and Expansion:
The company has an opportunity to move into supplying the affluent homes market with CCTV. This can be achieved by concentrated post code marketing, followed up by a telesales campaign to bring in further turnover and profits.
They have been trading consistently over the past four years and the current owner has maintained the business at a level that is comfortably manageable to him based on the current infrastructure.
The company has an active web-site, and advertises regularly in the local Yellow Pages. They obtain a high proportion of their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality equipment and service which is provided.
Key Opportunities:
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for the product combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on an excellent, existing platform.
Geographically, the business is well positioned on a main high street location in Humberside close by to main motorway and main road links
Premises:
The business runs from a busy high street shop leasehold location with storage and warehousing at the back of the shop .The premises measure circa 1200 sq.ft., and have ample customer parking at the front of the shop with staff parking at the rear.
The lease on the premises runs until 2013 with a break in 2010. Rent is circa £6,500 per annum with rates of £850 per annum.
The premises are fully alarmed together with CCTV.
Financial profile:
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 turnover is circa £300,000 per annum with Gross Profits of circa £51,000. Net assets, which include a van and stock are circa £30,000.
Employees
There are two directors who run the business on a daily basis. One of the directors handles the Sales and the other director looks after the programming and installation of the equipment. There are two other full time trained and skilled engineers plus two part time employees who look after the shop reception and the administration for the company.
Support and Training
Both the owners would be happy to help out with a smooth transition of the business and help in anyway possible.
Reason for Sale:
One of the owners would like to retire and believe this would be a perfect time for someone to take the business onto the next level. The other director would be willing to stay on with the business if required. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IU120 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
