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Specialist Medical Education Agency
Vital NHS & Big Pharma relationships

Ref. CC183

Location : Somerset

Asking Price : £150,000

Turnover : £225,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : £64,000

Net Asset : £3,000

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Relocatable

Asking price includes:

Turnover of c. £225, 000 per annum
Net Assets c. £3,000
Adjusted EBIT £64,000

21 years of successful trading
Excellent repeat customer base
Easily replicable
Knowledgeable, experienced and motivated employees
Significant & valuable commercial client database
Prominently situated site
Goodwill

Business Profile

This very well established and unique Medical & Management Education Agency specialises in the pharmaceutical, medical device, health and social care sectors, building knowledge and relationships between key health-care providers and suppliers since 1998. In that time business has built a sterling reputation throughout the UK and enjoys the loyalty and trust of clients and benefits from strong referral rates.

The business offers what it describes as a vital link between Health-Care managers and clinicians, ensuring that the key aspects of learning and product attributes are well understood and can be best utilised and efficiently & economically procured. This can include developing market access strategies targeted to different key customers, payers, providers, regulators and patients.

This service has proven itself, over the years to be an essential part of the efforts in health-care provision and pharmaceutical procurement, in avoiding waste and maintaining effective communication. The company understands deeply, the needs of both the NHS and pharma suppliers to develop bespoke, value added services and solutions for companies to work in partnership with the NHS where medicine meets management and has been shown to improve quality, productivity and patient care.

Most of the company’s services and solutions are developed or launched at outcome driven, managed workshops for commissioners, providers and other stakeholders to implement national policy at the local level.

The business has the following key attributes:

• Very well-established, well managed, profitable
• Easily relocatable
• Genuine retirement sale
• Excellent reputation for high standards of care and customer service
• Significant stakeholder relationships, product and process knowledge
• Well-trained and highly experienced staff
• Excellent growth and expansion opportunities
• Outstanding reputation

The business provides an acquirer with:

• An ideal bolt on for a company already operating in this specialised sector

• An excellent opportunity for an organisation or an individual looking to establish a
foothold in this difficult to enter sector.

Customer Service:

The business offers an excellent standard of service and is proud of their attention to detail, their professional attitude, communication and highest quality problem solving. This is evident in the very high levels of repeat business the business enjoys.

Key Strengths:

The business has many strengths including:

• Enviable reputation in the sector
• Loyal customer base
• Exceptional levels of service
• Repeat business levels and referrals
• Highly knowledgeable staff
• Customer database

Financial Information:

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.

Turnover of c.£225,000 per annum
Net Assets c. £3,000
Adjusted EBIT £64,000

Asking Price:

The Asking Price of £150,000 is for 100% of the issued capital of the company, assuming Net Assets of circa £3,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £3,000 at completion.

Advertising and Marketing:

The business enjoys exceptionally high levels of referral, leading to repeat business from a loyal customer base.

There is also a comprehensive and informative website detailing the services and facilities offered.

Growth and Expansion:

The business has enjoyed steady trading over its lifetime and this is expected to continue, and while profitable and successful, has been run in more recent times in line with the vendor’s personal wishes and by their own admission the clearest opportunity to grow the business would be by committing to more vigorous marketing techniques.

The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place.

Due to the recent launch of the NHS Long Term Plan the business is currently negotiating with two new clients and contracts regarding the implementation of the NHS Plan. The Company has an excellent base to build on this and further grow and expand. In particular it now has plans to relaunch a highly successful printed publication, as an online, digital journal which is highly relevant to the NHS Long Term Plan.

Premises:

The business is currently managed from a home based office.

Business Hours:

Monday – Friday: 09:00-18:00

Employees:

The vendor works within the business on a day to day basis and employs a team of reliable and trusted freelance staff.

All staff are highly experienced and real assets of the business.

Support and Training:

The current owner is available to provide full training and support at handover.

Reason for Sale:

After many successful years in business, the vendor now wishes to take retirement.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler (e-mail:sales@turnerbutler.co.uk), telephone Head Office: 01895 256000.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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 Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk