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Mobile Communications – Sales, Service & Hire Business For Sale at Belfast

Undisclosed, Relocatable
Leasehold Price:
£1,000,000
Status
FOR SALE
Advert ID
182324
Reference
ID021 / Rightbiz

Mobile Communications – Sales, Service & Hire of Two-way Radio Equipment and associated equipment and services
Ref. ID021
Location : Belfast, Northern Ireland
Asking Price : offers over £1,000,000

This business specialises in sales, service, hire and installation of Mobile Communications solutions. The Company also owns a well located hill-top radio site.

In business for over 45 years, since inception the company has grown to become recognised as the leader in its Field in Northern Ireland. The Companies portfolio includes, but is not limited to:

• Sales, Service & Hire of analogue, digital and licence-free two-way radio from leading manufacturers
• Service & Repair of Most Makes of Two-Way Radio
• Specialist Accessories for all Makes of Two-Way Radio
• Vehicle Tracking and Fleet Management
• Marine and Airband Radio
• Paging systems
• Command, Control And Interfacing Equipment
• Conventional Radio Systems
• Digital Radio Systems
• Licence Free Radio Systems
• Trunked Radio Systems
• Tetra Radio Systems
• Bespoke Radio Systems
• Radio System Design
• Antenna Systems
• Installation Of Mobile Communication Voice And Data Equipment

Clients:

• Government departments
• Education boards
• Health boards and trusts
• Local Authorities
• Well known private sector companies

Customer Service:

Customer care and satisfaction has always been the number one priority, the business constantly evaluates new products and technologies to ensure they stay at the leading edge of mobile communications technology and to continue to provide the best mobile communication package. The sales and servicing commitment is borne out by the regular repeat clients and the high levels of recommendations and referrals.

Key Strengths:

This business are independent professionals who have been in the front line of this industry for over 45 years. This experience ensures that clients receive balanced, unbiased and expert advice on all aspects of mobile, radio communications and vehicle tracking systems.

The business offers a quality service and products to a large and satisfied blue chip client base. The business holds distributorships in the UK and Ireland for many major and industry leading brands.

Key Opportunities:

This is a Company operating, primarily, in Northern Ireland but has the potential to expand into the Irish, UK and European markets. Having been stuck on a plateau the Company has great potential for growth and would be an excellent opportunity for any competitor wishing to expand or for a two-way radio dealer from outside the territory wishing to hit the ground running.

This opportunity will also appeal to complimentary Companies wishing to expand into the lucrative and fast moving mobile communications sector providing a gateway to the UK and Ireland markets.

Exploiting the sale of new products and markets by new owners could, potentially, lead to year on year growth in double figures whilst the high quality Customer base could appeal to Companies wishing to cross sell complimentary products.

Financial profile:

The company 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.

Turnover was c£775,000 per annum
Gross profit c£432,000
Net Asset Value £184,000

SEE LATEST ACCOUNTS

Premises:

The business could easily be relocated, if required. Currently operating from leasehold premises of circa 6,000 sq. ft., we have been advised that if relocated the business could comfortably operate from premises of approx. 3,000 sq. ft.

The premises comprise of a modern, block built building with cladding and is situated on a business park in an excellent, easily accessible location in close proximity to a main arterial route.

Ground floor

Entrance porch, reception, general office, 2 private offices, staff toilets, workshop with roller door, allowing for vehicle fit outs and secure storage area.

First floor

Work shop, canteen and unused mezzanine area, offering potential to new owners.

There is ample parking to the front of the premises

Leasehold holding over at £2,375 per month.

Business Hours:

Monday – Friday: 09:00am – 17:00 pm.

Employees:

The Company employs eight full and part-time staff, including the current owners/directors, admin, sales and technical staff.

Support and Training:

Full support and training will be provided to the successful purchaser to ensure a smooth transition of ownership. One Director intends departing immediately with the other prepared to stay on to assist with the transition if required.

Reason for Sale:

Retirement of one of the Directors. The Company now needs someone to take it to the next level.

Listing Details
Leasehold Price: £1,000,000
Tenure: Leasehold
Location: Undisclosed, Relocatable
Sector: Mobile Phone Businesses, Electrical Retailers, Technology & Media
Financials
Annual Turnover: £775,000
Key Features
  • Attractive Business
  • Company for Sale
  • Established Business
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Advert Reference: ID021 / Rightbiz

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