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BUSINESS REFERENCE : IU122 / RightBiz IU122-ANYWHERE IN THE UK- £ 250,000-CONCERTO NETWORKS (UK) LIMITED IT AND COMPUTER SUPPORT & SERVICES TO THE SME SECTOR | | | | | | Concerto Networks (UK) Limited IT and computer support & services to the SME sector UK Master Franchise Ref.IU122 Location Anywhere in the UK Asking Price £ 250,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | IT & Internet & Computing | | SALE: | Agent Sale | FREEHOLD: | £250000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Already an immensely successful concept in the United States, having been set up over there as a franchise opportunity just over four years ago, this is an excellent opportunity to acquire the UK Master Franchise for Concerto Networks – an IT services and computer support provider to the SME sector. With SME’s making up more than 95% of businesses within the UK – all served by an increasingly fragmented market of usually small and often ‘one man band’ service providers, this exciting new concept is rapidly being developed as the brand of choice for all SME technology needs.
This is a very well researched and clearly defined business opportunity. Prior to launch in the US, where there are now approximately 50 franchisees, extensive research was conducted amongst SMEs, the business services sector and the Information Technology (IT) industry, studying the complex environment of SMEs, the performance and product life cycles of independent computer service companies and the challenges faced by large technology corporations. Against a background of a newly evolving trend of computer service franchises – and working with experts in the fields of engineering, IT services, marketing, legal and franchising industries, a franchise organisation evolved which is uniquely engineering centric and marketing driven. The result of all this, is an innovative business model, which blends technology with human nature to support and grow a worldwide franchise operation.
The scope of a Concerto Networks franchise extends well beyond the pure provision of IT services. Differentiating itself from the thousands of IT and computer solutions, rescue, fix-it or technician labeled companies that are currently in existence, a Concerto Networks operation goes beyond simple troubleshooting and repair, providing a holistic approach to business technology services while offering significant savings and value to SME’s. Typically franchise owners who tend to be IT professionals, offer and sell mobile on-demand computer maintenance, repair, upgrade, and networking facilities; IT consultancy, professional business solutions, software and hardware, wired and wireless communications and other office equipment. As well as the support of an international franchise network, the business can call upon Partners that include some of the biggest IT and telecommunications brands in the world including BT, Vodafone, 1&1, Microsoft, Cisco, Dell and Hewlett Pickard to name just a few.
This represents an excellent opportunity for an organisation or individual with exactly the right credentials to acquire an exciting new concept business – but one which is now well established in the UK, having been launched here in 2005 and where the overall market for IT spending by SME’s is estimated to be in the region of £37 billion per annum. With four area initial franchises already set up and excellent support available for UK expansion from the original founders of the concept, an acquirer of this Master Franchise will be ideally placed to take maximum advantage of this very significant market spend.
Key strengths:
Franchising as a concept has enjoyed steady growth in the UK in the last decade, despite the nation's cycles of expansion-recession-recovery. Franchising does well in bad and good economies, because it has less to do with economic issues than with changing consumer patterns. With continuous demand for IT and computer support services from within the SME sector, the availability of this Master franchise, at such an early stage in its UK roll out represents an excellent opportunity to take full advantage of this very significant market.
Offering exceptional levels of service and dedication to understanding the needs of its franchisees, this business fulfils their needs with an appropriate mix of service, reliability and on-going support, through the quality systems it has in place which ensure flawless service provision, brand awareness, strategic partnerships with leading industry brands and a world-class support system for its franchise network.. The franchisee in turn is able to adopt a Corporate approach to the SME sector, delivering high quality IT and computer support to their customers in their respective territories, under an immediately recognisable and strong, reliable brand – an overall offering which can rarely be matched by an independent operator.. Clearly understanding the IT needs of the SME, this business continues to research and refine its offering dedicating its efforts to developing unconventional but highly effective marketing strategies to continue to build and position the Concerto Networks name and brand and help its franchisees build their businesses.
As would be expected from an organisation that has gone to the fullest lengths possible to get its product offering right, franchisee support is exceptional with a comprehensive training course, on-going training and mentoring, comprehensive operating systems containing all the Best Practice available refined from experiences from other markets in which this business operates worldwide and proven successful marketing plans and programmes together with all the tools and knowledge required to operate, promote and develop the business.
Key opportunities:
The rights to the Master Franchise enable the acquirer to develop the franchise model throughout the UK together with the existing franchise operations already in place.
The benefits of acquiring the existing principle operation include:
• The values associated with a strong, identifiable worldwide brand.
• A proven business formula.
• An established and UK-specific low cost business model.
• The existing customer base and revenue streams from royalties, equipment and merchandise.
• Full training in running the business.
• Continuing access to the central team in the United States and their expertise in the business system.
• The provision of comprehensive operating manuals, training and marketing materials.
• An asset which will increase in value should the purchaser decide to sell the business at a later date.
Franchise roll-out in the UK to date has been slow and restricted largely by the other, highly onerous business interests of the current Owner of the UK Master franchise. The UK franchises that have been set up in the UK – in North London, Slough & Maidenhead, Bournemouth and Swansea are established and ongoing businesses. There can be no doubt that a dedicated and committed management team will be perfectly placed to build on the foundations already laid and establish many more franchises via a controlled and carefully managed programme rolled out within a very short period of time.
Market Outlook
This business is in a growth industry within a growth market in the UK. Annual spend on IT support and computer services amongst SME’s is currently estimated to be in the region of £37 billion annually, covering nearly all types of industry sector including high tech, finance, healthcare, professional services, property, and manufacturing. As a result this business can expand as fast as a buyer can apply resources. Whilst it is technically in competition with the myriad of individuals providing similar service support – and many of these could be potential targets for switching to this franchise based operation, there are only a small number of competitors in the UK operating on the same scale as this business. This business could be considered to be a very major player in its sector whilst still offering a far more localized, personal and professional on-demand service coupled with unparalleled support available from the worldwide operation.
The premises:
There are no premises available with the sale of this opportunity and as such the business could be set up anywhere in the UK.
Financial profile:
Full financial disclosures including the current performance of the four existing franchises in operation is available subject to the completion of the usual Confidentiality formalities.
The Asking Price of £250,000 is for a sale of the shares in Concerto Networks (UK) Limited which holds the exclusive UK Master licence due for an automatic 10 year renewal in 2015. It is envisaged that an individual or organisation with a background in IT and with the necessary funds and resources and experience of building a franchise network will be best placed to secure this excellent opportunity.
Support and training
Full training, support and handover will be provided by the Worldwide operation in the USA together with the current Owner of the UK Master Franchise, supported on an on-going basis by the high-quality and well developed systems that are in place as would be expected of such a successful and mature franchising opportunity. With four franchise areas already established and the potential for hundreds more throughout the UK, this is a great opportunity for the new owner.
Reason for sale:
Having acquired the UK Master Franchise approximately three years ago, the current Owner has a number of other business interests which prevent him from taking full advantage of this excellent opportunity. As a result the current Owner wish to pass this opportunity on to a suitable individual or organisation to build upon the foundations that have already been laid and to realize the full potential that undoubtedly exists. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IU122 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
