business for sale

Wireless Solutions Provider

Businesses for Sale

Sale Memorandum

Wireless Solutions Provider


Ref.ID013

Location Essex

Asking Price £ 1,900,000

Confidential offered for sale

Asking price includes:

Turnover in Excess of £1.600,000
Trusted and respected name
Good management information systems
Extensive, loyal nationwide customer base
Huge growth opportunities
Suppliers for all main brands
Training and handover
Advertising
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This Business is a leading IT and Wireless solutions provider focused on developing long term partnerships with its clients. Since it was founded in 1996, the business has always specialised in the corporate business and the government sector markets, offering total IT solutions to its clients.

The comprehensive range of service includes;

- Wireless Network Solutions (internal and external solutiosn)
- Point to Point Wireless Solutions (Free Space Optics, Licensed and un licensed Radio Products)
- RF Site Surveys and Infrastructure Design
- Network Design and Infrastructure
- Network Diagnostics & Fault finding
- Structured Cabling Solutions (CAT5e, CAT6, Fibre Optical)
- Network Management
- Support Contracts
- Disaster Recovery
- Hardware & Software Sales
- Internet Security and Services

This business specialised in to the wireless market approximately six years ago, when wireless connectivity was expensive and in its infancy. Over the past six years the company has developed strong partnerships with leading manufactures and now boasts and excellent portfolio of suppliers as well as clients, some of the clients are well known house hold names.

With excellent expertise and a strong understanding within the wireless solutions market, this company has succeeded in developing it communications side of the business, and to date the wireless division is growing extremely fast with new high profile clients coming onboard.

Some of the partnerships/certifications include;

Wireless & Communications partnerships/certifications;

-Motorola PTP
- MRV
-Nortel Networks
- 3Com
-Netgear
- Equiinet
-CableFree Solutions
- Algon Microwave
-Proxim
- AXIS
-Colubris
IT partnerships/certifications;

-Hewlett Packard
- Computer Associates
-Fujitsu Siemens
- Symantec
-Epson
- Kyocera
-American Power Conversions
- Intel
-Emerson Liebert
- AMD
-Microsoft Partner
- Brother
-Sage

The company aims to provide the best service to all its customers, and being the best mean being focused and at the forefront of technology.

The company is also ISO9001 Accredited.
Equipment:

State of the art equipment is used with all clients on a comprehensive database, including schools, hospitals, police and government offices.

Customer Service:

This business continues to succeed because of many factors. The main factor being customer satisfaction. Due to the high level of service and expertise offered customers carry on using the company for all their IT requirements. The business has gained recognition for its quality of products, service and customer care.

Key Strengths:

This is a very focused business that attracts both consumer and business customers. The website has been developed with ease of use and search engine optimisation as the prime consideration, maximising visitor flow with minimal ongoing costs. Locating the right product couldn’t be easier and assistance is always available.

Growth and Expansion:

Each day 150,000 people become wireless users; therefore, the current market for this business's product is stable 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:

With new drive this business could easily leverage its customer relationships to extend sales into other areas and with this in mind the company is in possession of a number of prominent domain names, which link to another project aimed at gaining new sales.
Premises:

This business is totally re-locatable.

Business Hours:

Monday – Friday 8.45 am – 5.15 pm

Security:

Not applicable.
Advertising and Marketing:

The business advertises through Yell.com and Google. In addition the company has its own informative and easy to navigate website, detailing all available products and services.
Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for the current financial year is £1,600,000 generating a gross profit of £741,600 and a net profit of £340,000.

There is no doubt this is a highly successful and profitable business with huge potential
Employees:

Six full time employees support two directors with the day-to-day running of the business. These consist of three engineers, one sales manager, one business development manager and one installation engineer. In addition one part-time administrator is employed to support the office.
Support and Training:

Full support and training will be provided to the successful purchaser.
Reason for Sale:

The current owner is selling the company due to other business commitments.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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