• SUBSTANTIAL 3RD PARTY SERVICE WORK FOR SONY PROFESSIONAL CLIENTS
• WIDE RANGE OF OTHER HIGH QUALITY CLIENTS SERVICED
• OFFERED WITH NEW LEASE OR FOR RELOCATION
• WOULD SUIT ELECTRONICS ENGINEER OR EXPANDING COMPANY
• COMPREHENSIVE VENDOR SUPPORT DURING HANDOVER
• RETIREMENT SALE
LOCATION:
The business trades from a unit located on the established Ferndown Industrial Estate near Wimborne, Dorset, close to the main A31(T) giving dual carriageway/motorway access to London (via the M27 and M3).
BUSINESS:
The business specialises in the sale, repair and maintenance of broadcast and professional video equipment, offering a comprehensive range of services including workshop and field repairs, servicing, maintenance contracts, system design and installation, consultancy and sales.
The business is regarded as one of the South’s leading experts in video and data technology, supplying, installing and servicing a range of digital display solutions in a variety of professional environments. The business was appointed a ‘Broadcast Service Company’ by Sony-Broadcast in 1992 and this has evolved into direct third party service work for Sony customers and dealers for the whole of the UK and Republic of Ireland, being responsible for support for projection, CCTV and ISP systems. This work accounts for c 75% of income.
Major clients also include the police force, fire brigade, universities, the RNLI, medical companies and MOD agencies.
The business is offered for sale with the benefit of a new lease of the premises (the freehold of which is owned by the vendors) or for relocation as 75% of the work involves equipment being sent to the workshop by post or courier.
The opportunity will be of interest to experienced electronics engineers looking to run their own business, for who comprehensive handover support is offered by the vendors, or for established firms looking to acquire additional profitable turnover.
YEARS ESTABLISHED:
The business was established by the present owners in 1988
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £185,475 were reported in the year ended 31 March 2010. Accounts for the year ended 31 March 2011 are awaited but are understood to indicate turnover of £133,422. Turnover levels have varied over the years, influenced by the volume of new equipment supplied to clients. Such supplies are low margin in profit terms and therefore make little difference to the underlying profitability of the business.
NET PROFIT:
An abridged profit of £47,064 was achieved in the year ended 31 March 2010.
REASON FOR SALE:
Retirement
STAFF:
The business is owned and run by a husband and wife team with the assistance of 2 part time staff. A repair technician works 10 hours per week increasing in the short term as and when required, and a second member of staff works 20 hours per week in the office.
OPENING HOURS:
Monday to Friday: 9.00am to 5.00pm
Saturday and Sunday: Closed
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The premises comprise a mid terrace light industrial unit, single storey of brick construction under a gently sloping roof, which has been recovered only very recently. The whole, which has been divided internally to provide 2 offices, a spacious workshop and a large storage area with ancillary facilities is understood to offer c 1,160 square feet of space and benefits from a CCTV system.
To the front elevation a half obscure glazed UPVC entrance door with matching window to the side opens into:
Office 1 (4.2m x 3.1m):
• Suspended ceiling with diffused lighting
• 2 work stations
• Freestanding storage cupboard
• 4 drawer filing cabinet
• Carpeted
• Radiator
• A wooden door to the rear gives access to:
Open Plan Store Room with Kitchen Area (10.4m x 3.1m widening to 4.5m towards the rear):
• Suspended ceiling with fluorescent lighting and further integral light panels
• Painted stone floor
• Freestanding metal framed storage shelving to the front part
• Work bench with pillar drill
• Kitchen area to the rear with stainless steel sink, single drainer and tiled splash back, roll edged work surface with cupboard below with refrigerator to side and further cupboards above alongside a wall shelf with microwave oven
• Wall mounted Worcester combi boiler providing hot water and central heating
• Wall mounted fuse box and meters
• Radiator
• 4 x four drawer filing cabinets
• Electric, narrow roller shutter door of galvanized steel to the rear elevation
• Passageway with wooden doors to:
Gents’ WC:
• Wooden storage shelf to side and further wooden door to single cubicle
• Obscure glazed window to rear elevation with internal security bars
• Wall mounted wash hand basin with tiled splash back and mirror over
• Low flush WC
• Radiator
• Carpeted
Ladies’ WC:
• Wooden storage shelf to side and further wooden door to single cubicle
• Obscure glazed window to rear elevation with internal security bars
• Wall mounted wash hand basin with tiled splash back and mirror over
• Low flush WC
• Radiator
• Carpeted
From the Store Room further wooden doors give access to:
Workshop (3.8m x 6.9m):
• Half glazed UPVC twin doors to front elevation allowing access to the parking area with matching glazed panels to side
• Suspended ceiling with fluorescent light strips
• Vinyl tiled floor covering
• Standing level wooden work benches fitted to three walls with shelving over, 2 wooden storage cupboards and further open storage spaces under
• Mobile trolley unit
• Amcor air conditioning unit
• 2 x radiators
• Specialist and general equipment, subject to inventory, includes:
o 4 x waveform monitors
o 3 x signal generators
o Audio test measurement system
o Camera light box
o Specialist alignment jigs
o General computer equipment
Office 2 (3.9m x 3.2m):
• Suspended ceiling with diffused lighting
• 2 x workstations
• 2 x large steel storage cabinets
• 1 x 4 drawer filing cabinet
• Radiator
• Carpeted
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None
OUTSIDE:
A tarmac area to the front is large enough to accommodate up to 6 vehicles with a degree of co-operation and there is plenty of unrestricted, longer term parking in the overall area shared with the neighbouring units.
LEASE TERMS:
The vendors own the freehold of the premises and a new lease is offered on full repairing and insuring terms, with a guide rental of £850 per month.