Business for sale

Business description

Monthly Payroll: £15,500
Inventory: n/a (Included in Asking Price)

Business Summary
This well established Equipment Lease Business has been trading since 1993 supplying CCTV and Management Control Systems on 6 year lease contracts. This is a very cash flow positive business as 85% of the value of the leases are paid within 3 working days of being signed. The business operates from well located leasehold premises in the south East which are well placed for the M4 corridor. The business is a specialist in the supply of integrated visual information systems that are essential for surveillance and cost effective management control. They undertake: • New installations • Repairs • Servicing • Staff: 1 Sales Admin, 1 Sales plus 2 Directors, one responsible for Sales and one for Accounts. • The company uses 5 experienced, sub contracted Tele-sales operators who are experienced in marketing to potential new clients. • All installations undertaken by local Sub-contractors keeping fixed overheads to a minimum. • Lease Agreements signed on 6 Year Terms • Customer Breakdown; Approximately 600 current lease clients and a further 275 Cash clients with no term contracts. • This client base offers 600 clients who are already Credit Checked to the satisfaction of the leasing company Over £5m worth of leases signed over last 6 years. Potential for Growth The CCTV market is undergoing an expansion cycle as customers with traditional VHS tape systems are up-grading to new Hard Disk Recording systems which offer huge benefits with continuous archiving, networked and mobile recording. Upgrades are made extremely attractive to clients as the monthly costs are typically very similar to their existing contracts for older equipment, providing a very cost effective way for business to justify the upgraded systems. Summary This business provides an opportunity for an operator already active in leasing to business clients a ready made opportunity for add on services as well as the in-built opportunity for re-contracting the existing client base for cost effective, attractive system up-grades.
Building & Property
Building: 1500
Monthly Rent: £9,840
Real Estate Available: No

General Information
Reason for Sale: Owner wished to realise value from the business to allow he and his wife to spend more time with their family for health reasons.



ListingID#: NWLONT000194