Asking price includes
Current turnover circa £411,000 p.a.
Current Gross Profits circa £270,000 p.a.
EBITDA circa £85,000 p.a.
Market leading reputation
Leading edge production, editing, creative capabilities
Excellent opportunity to grow
Outstanding established client base
Long term written contracts
Trusted and respected name
Training and handover
Freehold or leasehold option
Good profit margins
Early viewing is recommended to appreciate this excellent opportunity. The current market for this businesss solutions is rapidly expanding and is forecast in the near and longer term for explosive growth. The business is superbly positioned to take maximum advantage of this growth
The sale of this business presents a rare opportunity to acquire an extremely well organised and highly successful business, which has the added benefit of being able to take advantage of the shifts and trends within the industry that would enable this Company to grow exponentially.
First formed in 1999, this Company offers a scope of works that has seen it establish a second to none reputation within the industry and become the preferred supplier to an extremely impressive client profile.
The Company has the enviable status of being the industrys oldest established private company in the UK.
Success factors have been based on the skills to recognise the advancements in technology that will benefit its clients, growth is based on a first class client satisfaction.
The Company promises to deliver the highest quality products and service, priding themselves on offering clients creative solutions and inspiration for their projects, be it a movie, DVD or a 30-second commercial. A comprehensive media library is held, which enables client immediate access to their projects, whether it is for redistribution or otherwise.
At present 60% of company revenues come from TV production with the remaining 40% being attributed to DVD production.
The Company has many loyal satisfied customers and does everything possible to enhance their excellent reputation and to develop commitment to customers' needs, including customer care focused on delivering accurate, up-to-date product support for optimum usability and performance.
Only a Company that provides outstanding customer service would be able to succeed within this business sector. This company does so by providing a complete turnkey solution and this is evident in the high calibre clients and contracts they hold.
This Company is able to respond quickly and positively to client demands and over the years, they have built up a reputation for honesty, integrity and for being easy to deal with.
The core strengths of this company are its adaptability and its reliability to deliver on time every time. Projects commissioned are always within budget. Its reputation for employing excellent creative and technical staff is well established.
Early adopter of technology, continue to be leading edge
High value range of equipment available to work on projects
Cost effective solutions
Very well established business providing high customer service levels
High level of self sufficiency, giving competitive pricing and fast turnaround
Outstanding premises with offices and studios
Enviable customer base
Excellent operating margins
Excellent staff with in-depth knowledge of products and services offered
Superior quality products
Clients provided with complete service
Delivery of flexible, first class service
Excellent reputation for quality, technical knowledge and service
Strong profit growth
Excellent reputation for integrity and quality workmanship
In depth knowledge of business
Recognized leader in the field
Individual attention to the clients requirements
Furthermore the business has a good future order book with several lucrative contracts in place that span the next two years or so.
The BBC is currently investing in a move of its creative media to a Manchester based operation. A huge development programme is currently underway to bring creative services in to this city area, with this in mind this Company is ideally poised to take advantage of this key move and profit from a greater market share of the service, which are provided to and by the BBC.
Scope to increase market and also focus on multinational clients
Opportunity to further growth within international markets and room to expand a well known existing business
Excellent opportunity to market the business further
Growth and Expansion
The opportunities for the expansion and growth of this Business are so far reaching that only a face-to-face meeting with the Owner would do justice to the true potential of this Business. In saying that a more proactive approach to sales would certainly benefit the business. The business has a client database of over 3000 and this is ripe for future development.
The premises are owned by the vendors and the company currently rents them. The vendors would be happy to set up a suitable lease for new owners if so required. They would also consider selling the freehold if a new owner so required(circa £270,000). The current price excludes the freehold property.
The premises are situated over 4 floors. Total floor space is circa 3000 square feet and comprises studios, offices, kitchen and toilets, There is parking for up to 4 cars.
The most important resource of any business is its people and this is reflected in the fact that all of the staff have been with the company long term. The Company has in place an active succession planning, enabling the current Owners to take a back seat and develop the skills set and abilities of its current staffing structure.
At present the two directors work full time within the business, one on the business operations side, the other is more hands on with regards overall production and direction. The company also employs the following core staff.
1 Full Time Production Manager
1 Full Time Technical Manager
1 Full Time Technical Editor
The company employs three further full time staff(animation, dvd production and technical support) and also has a team of freelance specialists (e.g cameramen, sound engineers etc) who it calls upon as and when required.
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 currently achieves turnover of circa £411,000 p.a. Gross Profits circa £702,000 p.a. EBITDA circa £85,000. The business has a high level of technology and equipment (estimated value is circa £250,000). It also has a strong future order book and written contacts in place spanning the next couple of years.
Support and Training
The current owners would be happy to provide full training and support at handover.
Reason for Sale
A stage has been reached where the owners wish to reduce their working hours and plan to retire within the near future. The owners will provide full business familiarisation, training and handover and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential.