Total of 18659 firms and businesses for sale today Monday 13th May 2024
Sold. Software Company- Providing Back Office Software
LISTING DETAILS
Firms For Sale ID:
32625
Vendor reference:
IU168
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£125,000
Turnover / revenue:
£197,000
Net profit / cashflow:
£60,000
Years established:
30
Trading hours:
Monday – Friday: 0900-1700
Number of employees:
3
Employees / staffing:
The business employs 3 full time staff, all of whom are long serving and have excellent industry and systems knowledge. Staff comprise a software developer/administrator and 2 IT support staff. Staff are highly capable and run the business on a day to day basis.
The vendor oversees the running of the business but spends the majority of their time working within the other family business (circa 90%).
OTHER DETAILS
Support and training:
The owner will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to new owners. The will also be prepared to stay on for a further period if so required subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business currently operates from small office type premises alongside the vendors other business. It is not tied into any agreement at present but this could be arranged should a new owner so require. Alternatively it could easily be relocated.
All the servers are hosted externally within a secure data-centre which has a one year notice period.
BUSINESS DESCRIPTION
Software Company- Providing Back Office Software
To Small &Medium Enterprises
Ref.IU168
Location Relocatable
Asking Price £ 125,000
This unique and well established business was set up by the vendor some 30 years ago and provides its own unique platform to small and medium sized travel agencies through the UK. The company has developed its own “off the shelf” system which it sells to customers on a long term rental basis. This means customers do not have to invest a large amount of money up front and it also ensures the business enjoys steady income streams year on year.
The company has some 80 regular customers based throughout the UK. Typical customers are independent travel agents and two/three site operations. The company has a good spread of loyal clients(many have been with then since inception), the largest representing circa 10% of overall revenues.
In addition to the core travel agency system provision the company also provides hosting/maintenance services for a small number of overseas booking websites as well as a stock control and back office module for the villa rental market.S
Expansion Potential
The market for this company’s products and services is large. The company currently has some 80 active customers whom it works with. There are at least another 2500 target customers in the UK to approach. There is no reason why a new owner could not put in place a strategic sales and marketing plan to actively promote the company to this captive audience. The vendor by his own admission has never actively marketed the business preferring to rely on word of month recommendations to get new business.
Market / Competition / Non-Competition Agreements
The business undertakes no traditional forms of marketing. It does have an informative website which could certainly benefit from further SEO development.