| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 5,275 TIME(S)
BUSINESS REFERENCE : IU111 / RightBiz IU111-WARWICKSHIRE-£5,000,000-MARKET LEADING DOCUMENT MANAGEMENT SOFTWARE SUITE | | | | | | Market Leading Document Management Software Suite A truly unique product suite; developed through one of the world’s best known companies and sold to end users successfully since 1990 Confidentially offered for sale Ref. no : IU111 Location: Warwickshire Asking Price: £5,000,000 | | | BUSINESS LOCATION: | Undisclosed Warwickshire UNITED KINGDOM | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | IT & Internet & Computing | | SELLER: | Agent Sale | LEASEHOLD: | £5000000 | | | | | | | | | | | BUSINESS DETAILS: | Company Profile
This highly regarded business was founded in 1990 and has grown since to become a significant enterprise with a national reputation among its hundreds of UK customers accounting for many thousands of installations, for the quality of its software products and service, honesty and reliability.
The software products are marketed predominantly to small or medium sized businesses and private individuals and each of these sectors has a dedicated and relevant application making a powerful suite of 3 software packages:
· Enterprise wide
· Individual professional
· Individual domestic
Through key strategic relationships with international partners, this suite of document management software products is poised to become one of the most important products of its type in the world.
This business offers many advantages to customers, allowing a strong relationship to build up which improves product quality at all stages in the development and production process a commitment which has lead to consistent long term trading relationships.
The business offers a comprehensive range of trusted and reliable document management and electronic filing software packages, covering every level of technical requirement and quality demand appropriate to their end use and market, many with uniquely designed features and it is this business’s ability to create a truly powerful and intuitive software solution for Small and Medium sized Enterprises (SMEs) and individuals that creates a clear difference between this business and competitors products meeting the customer’s needs for cost, reliability, scalability and ease of use.
The business operates from a prime location in Warwickshire and has invested significantly in continual development and improvements in the software products and implemented it to maintain the careful balance between cost and quality, providing exceptional value for money and combining ease of delivery through exclusive in-house development, to the customer with maintained product and user experience integrity.
The business has the technical capacity to increase production within current operations.
For 17 years, the business has offered customers a comprehensive range of high quality engineered products and has a loyal and long term customer base, some of whom have relations with the business extending as far back as the first days of trading.
In short the business offers a new owner:
§ An outstanding reputation for quality and reliability
§ Excellent product and technical knowledge
§ More than 30 years experience in the software industry
§ Technical product solutions to meet individual requirements
§ Price competitive offering with room to increase margins
The business is further supported by exemplary relations with key suppliers who have helped to ensure that production is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
With the benefit of comprehensive facilities, the highest possible quality through key business areas has been maintained and conforms to British Standards where appropriate; the business has also maintained an enviable market position and significant control over costs in an exceptionally competitive and demanding market.
The ability of this business to grow and sustain its software products’ profitability is due in no small part, to the business’s strong commitment to investment in continual product development and innovation, significant in maintaining the profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
Key strengths
The business is an autonomous organisation where the Vendor has, over time developed and nurtured a product suite and brand capable of delivering continued interest and future incomes, effectively reducing the need for constant input from the Vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the continuing presence of the Vendor.
The business is well established and profitable, with a strong, reliable customer base. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis.
The company has earned an outstanding reputation for its value for money, honesty, service, reliability, efficient orders and deliveries, excellent quality work, ability to deliver multiple products, cost control and highly skilled, experienced staff.
Growth and Expansion
This industry sector has been though very hard competitive times and this business has emerged as one of the tried, tested and robust survivors and now the current market for this business is still competitive 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.
Key opportunities
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong, growing demand for products combined with a capacity to increase turnover, a new owner further contributing with fresh ideas will have every advantage of building on an excellent platform.
This market leading, mature and proven software suite is sure to be of significant interest to major international providers in the future.
Advertising and marketing
The products benefit from significant positive PR and is often given class leading endorsements through articles and reviews in key industry and consumer magazines and journals.
The products benefit from an attractive and comprehensive website, there is expectation that turnover and profits will continue to increase through development of this medium, as it would consolidate further its reputation and open it to further sales.
Reason for sale
The business is for sale as result of the Vendor’s wish to retire. The products have also reached a point in time when it is most relevant for a new entity to invest and to continue to build and grow this important opportunity.
Premises
The current premises are unavailable.
Financial Information
The business is not being offered for sale but rather the software packages and all intellectual property rights are, all financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler.
The business is financially stable with low borrowings, low overheads, positive cash flow, enjoys a strong order book, good gross and net profit and has shown consistent performance over 17 years trading.
Sales revenue is circa £2,000,000 per annum with pre tax profits of circa £1,500,000 and our client feels that with a commitment to the opportunities illustrated, the business with this product suite in its portfolio of offerings, could dramatically increase its revenues.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | IU111 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
