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BUSINESS REFERENCE : ID019 / RightBiz ID019-RELOCATABLE- £ 495,000-VISUAL AND AUDIO EQUIPMENT HIRE | | | | | | Visual and Audio Equipment Hire Ref.ID019 Location Hertfordshire,Relocatable Asking Price £ 495,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Music & Record Shops | | SALE: | Agent Sale | FREEHOLD: | £495000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business specializes in offering solutions for Audio, Visual and LT. requirements. Formed with expertise and knowledge of the industry’s needs, this business provides professional equipment to corporate and small to medium enterprises throughout Europe.
The Hire and Sales' departments can supply the full range of Audio Visual and Computer Equipment - anything from a Flipchart or Interactive Whiteboard to Plasma Screens and Multimedia Projectors. Established by the current owner in 2006 this business has rapidly built a presence in the specialist and niche marketplace within which they operate, through a mixture of entrepreneurial spirit and market knowledge, the owner having been in this market for several years. This offers a first class opportunity to acquire this business opportunity of a company who are able to offer a complete solution within the audio visual marketplace, serving domestic and commercial customers throughout the UK and Europe.
The business specialise in the hire, sales and installation of audio visual equipment, either as a complete package or in any combination of these individual areas. Through their network of strategic partners a fast and professional service is provided anywhere in the UK, with free on-site surveys being the start of the process. Their knowledge and experience enables them to provide the necessary expertise for undertaking the hire, sales or installation.
Key assets are found in the business’s excellent relationships, with customers and suppliers, well-defined customer base with high repeat business and its ability to serve clients, rapidly and effectively, throughout the UK supplying the business with a definitive competitive advantage. Regular repeat business from their corporate client base is testimony to the business’s reputation for quality installation and reliability of service.
The business ensures an excellent approach and line of communication with their clients and suppliers at all times. They have a reputation of being the best through their reliable and conscientious quality installations, but always maintain the competitive edge of the business. It is this attention to detail that ensures the continued growth and profitability of this excellent business.
Equipment:
All clients are maintained on a comprehensive database with Sage used for finance.
Customer Service:
A client centered, welcoming and friendly service is offered with excellent professional advice. Every effort is made in order to satisfy client requirements. This business does everything possible to enhance its excellent reputation and to develop commitment to customers' needs providing thorough and high, added value service; with a promise of trust earned over the years where customer welfare is paramount.
They have established an excellent reputation amongst their customers for after sales service. Working only with the most professional of engineers, every job is completed to the highest quality and to complete customer satisfaction.
Key Strengths:
A primary strength of this business is its broad portfolio of products and brands on offer combined with the quality and efficiency of an installation service of high repute, certainly gives this business its competitive advantage.
The business is well established and profitable, with a strong and growing customer base, with good return custom and new referral business from existing clients. This company is small enough to give that little extra attention to detail yet big enough to cater for everyone’s needs offering customers first-class quality, affordability and responsive advice.
Growth and Expansion:
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
This business offers an excellent opportunity for the successful buyer who is seeking an established business, with the capacity to increase turnover and to develop new regional markets.
The Company maintains an extensive base of satisfied customers, sales continue to grow, and with additional staffing and further promotion within the appropriate market sectors, would offer this financially attractive business even more upside potential.
Key Opportunities:
This is an outstanding opportunity to build on the existing business services and customer base of this company. With a strong demand for its products combined with a capacity to increase turnover, a new owner with new levels of enthusiasm and contributing fresh ideas will have every advantage of building on an excellent platform. The current owner believes there is huge scope and potential to increase this business, much of which remains undeveloped.
Although this business projects a very professional image to its customers, there is room for improvement particularly in relation to the sales and marketing, which would undoubtedly improve the business’ turnover and overall profitability.
Premises:
This business is fully re-locatable.
Business Hours:
24/7
Security:
N.A
Advertising and Marketing:
The business has used little advertising in the past, so there are excellent opportunities to increase this activity, developing the media exposure and increasing sales and marketing more aggressively, to significantly increase turnover. There is currently a website but more work in this area would also undoubtedly increase turnover and subsequent profits, perhaps by upgrading the site to a full e-commerce site.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
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.
Annual turnover is circa £2,600,000 generating a gross profit of £300,000. The net profit of the business is £225,000. The Net asset value of the business is £75,000.
Employees:
The business is currently owner run with one additional company secretary. Additional staff are sub contracted depending on the assigned contract.
Support and Training:
Full support and training will be provided to the successful purchaser.
Reason for Sale:
The current owner believes that the business has reached the maximum level under its present ownership and needs investment to take advantage of the huge demand for the business. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | ID019 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
