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Mobile Communications Service And Hire Business For Sale

Belfast, Antrim
Asking Price:
£635,000
Sales Revenue:
£672,000
Cash Flow:
£150,000

Mobile Communications - Sales Service & Hire of Radio Equipment, Wide Area CBS & Vehicle Tracking

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

In business for over 40 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 analogue digital and licence-free 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
the Company has restructured and cut costs during the recession and is now in a better place to take advantage of the upturn and opportunities arising from new digital radio products from the leading manufacturers?

Clients:

Government departments
Education boards
Health boards and trusts
Local Authorities
Well known private sector companies
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 40 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.

Financial profile:

The company 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.

For the Year Ending March 2013, Turnover was c£672,000 per annum; Gross profit c£414,000 and EBITDA before drawings of c£150,000

Assuming no cash, no debt the Net Asset Value is c£197,000.

Turnover SEE LATEST ACCOUNTS

Property information

Property:

Leasehold

Lease Terms:

Leasehold holding over at £2,500 per month.

Location:

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.

Business Operation

Reasons for selling:

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

Trading hours:

Monday – Friday: 09:00am – 17:00 pm

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

Other Information

Support & 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.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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