Businesses for Sale

Sale Memorandum

Electronic Cash Register Sales & Service Company

Ref.CG071

Location Merseyside

Asking Price £ 90,000

Confidentially offered for sale

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Terms & Conditions and submit Confidentiality Form/NDA online

Asking price: O.I.R.O. £90,000

Asking price includes:

Well-established company trading since 2002
Turnover circa £100,000 per annum
Net Profits available to the vendor circa £32,000 p.a.
Sales, service and repair facilities
Very low overheads
Full relocatable
Diverse customer base
Limited local competition
Unpatented technical know-how
On-going growth pattern
Training and handover
Scaleable
Goodwill

Business profile:

The vendor of this company has worked within this sector for over 25 years and used his knowledge of this market to set up his own business back in 2002. Since then the business has thrived and become a well established and highly regarded supplier in the area. The company specialises in the supply of electronic cash registers to a whole host of establishments covering the Merseyside region and beyond. The business can cater for any sized sales outlet and as such offers a good range of solutions at extremely competitive prices. As part of this the business can provide new and used cash registers and their consumables as well as a full service and maintenance programme.

The business has access to all of the main brands within the market and this enables them to keep abreast of new technology as and when it is made available to ensure client’s current and future needs are maximised. Not only does it supply retail equipment and consumables it also repairs, builds and upgrades systems, be it a simple one off cash register installation right through to a sophisticated multi site EPOS and scanning system.

The company has an incredibly good reputation in the area. The business is very service driven and is well known for its speed of response be it delivery, installation and maintenance.

The business is run from a home office environment and as such its overheads are extremely low which enables it to have a competitive edge in this in-demand market.

Equipment:

Laptops to access EPOS software etc.

Customer Service:

The business believes it is customer service, and in particular after sales service, that really sets it apart and works very hard to promote this. It offers the best service and support with impressive technical knowledge and expertise to provide a truly dedicated in house service and repair system that delivers and satisfies the needs of the customers each and every time. It prides itself on “going the extra mile” for it customers and this is reflected in the very high customer retention levels and repeat orders the business enjoys.

Key Strengths:

The company has good availability to stock and accessories to suit all budgets. It is also able to source products on request as it has a wide extensive supply base and knowledge of the market. The Company's formula for success relies on its speed of response, the wide range of products sold at very competitive prices further backed by technical support and repair services. The company can supply associated products and is very loyal to all parties it works with. It is this flexibility and attention that ensures high levels of customer retention.

The business flourishes on word of mouth recommendations with clients staying loyal, many having been with the business since it was set up over 8 years ago.
It has low fixed costs and a very good reputation.

Growth and Expansion:

This business is truly scaleable. The vendor only has so much work he can undertake at any one time due to limited resource. The demand is there to grow this business in many ways with more consumable sales, more service work and more sales. The vendor does not have the time to proactively chase business. An injection of resource alongside the development of a website, trade counter and more target marketing could help the business acquire an even larger slice of the market and further exploit the full commercial potential of the business. The market is buoyant and the business is ideally positioned to take full advantage of this with continued growth expected, especially with a constant flow of new hardware and software tools being offered to the market. The company could expand its range of products still further as clients are always requesting further products and services from the company.

Key Opportunities:

Having achieved impressive growth since it was established back in 2002 the business has built up an excellent reputation within the surrounding area . There is plenty of scope for expansion within the existing market.

Further advertising would certainly increase sales and revenues, as would the development of an interactive website. Turnover and revenues could also be significantly increased by fully developing the existing customer database to fully maximise the sale of consumables, software, service and maintenance contracts. Investment in I.T. would also enable the business to be more efficient

The company could expand further by targeting areas outside its normal geographical operating region should a new owner so require.

Premises:

The business operates from a home office environment. It is truly relocatable

Business Hours:

Monday – Friday: 0900-1730
However the vendor does work outside these hours if necessary

Advertising and Marketing:

The business advertises within the Yellow Pages and local magazines.

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.

The business has enjoyed good performance to date and has put the foundations in place for future success. It no needs scaling up to fully maximise the opportunities at its disposal.
Typical turnover circa £100,000 per annum. Net profits available to the owner circa £32,000 p.a. This business represents a sound investment opportunity.

Employees:

The vendor works within the business full time carrying out all necessary duties.

Support and Training:

The current owner will provide all necessary training and handover required. He would also be happy to stay on within the business as an employee if a new owner so required.

Reason for Sale:

The vendor feels he has taken the business as far as he can with the limited resource he has available. He feels the business needs a new injection of business acumen and resource to take it through its next period of growth and maximise its true potential.

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

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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.

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Turner Butler
The Manor Sweetcroft Lane Hillingdon Middlesex
Telephone 01895 25 6000 Facsimile 01895 20 6666
info@turnerbutler.co.uk
www.turnerbutler.co.uk

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