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Key Facts

[Ref: ID021]

Business For Sale : Mobile Communications - Sales Service & Hire of Radio Equip
Location : Belfast, UK
Leasehold | Asking Price: "£635,000"

Contact: Turner Butler

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Asking price includes

Turnover circa £718,000 per annum
Gross profit circa £470,000
Net Asset Value £153,000

Well established with an excellent reputation
Comprehensive range of services and products from leading Manufacturers
Large Blue Chip client base
Company Website
Goodwill

Business profile

This business specialises in sales, service, hire and installation of Mobile Communications solutions.

Established for circa 30 years, since inception the company has grown to become recognised as the leader in it’s Field in Northern Ireland. The Companies portfolio includes, but is not limited to:

• Sales, Service & Hire of 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
• Stolen Vehicle Recovery System
• Antenna Systems
• Cellular Phone Car Kits
• Installation Of Mobile Communication Voice And Data Equipment

Customer Service

Customer care and customer satisfaction is a 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 commitments is proven 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 30 years. This experience ensures that clients receive balanced, unbiased and expert advice on all aspects of mobile, radio communications and vehicle tracking systems.

Totally computerised 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 UK/ Irish/European Company wanting to hit the road running, with modern well equipped premises in a good location. Now stuck on a plateau the company has great potential for growth, possibly with cross selling, and would be an excellent opportunity for any competitor who no longer wishes to compete and could gain a great advantage in the market if they purchased this company.

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.

Selling new products such as digital radio, which is now becoming widely available, plus pushing the products they are already selling to Southern Ireland, a market currently not exploited, would mean the business could easily achieve 50 % of business in the whole of Ireland. There is great potential in the vehicle tracking market and to co rent the existing customer base details held by the company.

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 £2,500 per month.

Employees

The Company employs eleven including the current owners/directors, admin, sales and technical staff.

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.

Turnover for 2010 is circa £718,000, with Gross profit of £470,000 and Net asset value of £153,000.

Support and Training

Full support and training will be provided to the successful purchaser to ensure a smooth transition of ownership. One director would be happy to stay for 2-3 days per week, if required and both Directors would consider retention on a consultancy basis as required.

Reason for Sale

Retirement of one of the directors. The company now needs someone to take it to the next level.

 
 

[PRFLID:26229] [CMPID:7] [FRMTeID:] [MiUITID:1] [MiID:139218] [PdUITID:1]

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