Software Businesses for sale in Woking

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CYBER SECURITY COMPANY ESTABLISHED PROFITABLE PRESTIGIOUS CLIENTS

Woking, Surrey, England

  • Price: £350,000
  • Annual Turnover: £400,000
  • Annual Gross Profit: £120,000
Seller Reference: 13402
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Business Description
CYBER SECURITY COMPANY ESTABLISHED PROFITABLE PRESTIGIOUS CLIENTS
Seller Reference: 13402
Request Details
Business Description
THE OPPORTUNITY
ETS Corporate are pleased to place on the market this cybersecurity company based in Surrey. It has a unique set of products and services and was established in 2013. It has huge potential in the hands of the right acquirer. The turnover for this year is set to be around £400,000 with a gross profit of £120,000. The Owner would be more than happy to offer any training and handover period. He is open to stay on with the business if required and consider all types of deals with any acquirer.

LOCATION
The business is operated from offices at Waterside Chambers, Bridge Barn Lane, Woking GU216NL. The location is close to London, the A3 and the M25 as well as having good rail links to Waterloo station. It is close to the Owners home and is cost-effective. The business can be relocated to anywhere else.

REASON FOR SALE
The Owner feels he has had the business for long enough and that it would suit a larger organisation that could take it to its full potential.

MISSION STATEMENT
The company specialises in providing state of the art cybersecurity products, services and applications to the SME & Enterprise markets.

UNIQUE SELLING POINTS
• Flexible payment terms for clients
• The Company is easy to do business with experienced personnel
• Centrally located for the South East
• Unique Exclusive Portfolio of products & services
BUSINESS HISTORY
The Company was established in 2013 and its major landmarks are:
2013 – established as a reseller
2016 – become a value-added reseller
2019 – launched their very own cybersecurity product called Amplify Mobile Security
PRODUCTS AND SERVICES
The Company Specialises in providing state of the art cybersecurity products, services and applications to the SME & Enterprise markets. They have earned a reputation of being a reputable organisation that offers state of the art cybersecurity services and products to their clients at an affordable cost.
These products and services are aimed at SME – 50-250 user bracket who recognise the need to strengthen security but lack the resources as well as the budget. By outsourcing those activities to the company, they will be able to have enterprise-class security at a fraction of the cost. In addition, compliances such as GDPR requires that companies take necessary steps to protect data and the above services have been carefully selected to prove that these steps have been taken.
Amplify mobile security was created and is owned by the company; it was designed for police forces to track and investigate corruption and to uphold professional standards within Police forces.
The turnover is broken down as follows:

Penetration testing 1%
GDPR consulting 6%
Software sales 90%
Other professional services 3%

Highest Selling products:
Teramind 25%
Observeit 20%
Sophos 20%
Other (Kaspersky, ESET, Securedoc, Activtrak, GFI, Cybonet) 35%

STAFFING
The business is currently operated by the Owner, who is able to stay on in the business if required.

SALES AND MARKETING
All the vendors they sell to are innovative in their industries, they are easy to do business with, have a great reputation in their marketplace, and offer them high margins. Some are new to the UK market offering great opportunities to expand.

The client base is 104 strong from a variety of industries and consists of 25-500 user organisations. 50% of business is repeat and 80% of new sales are from referrals.
There is a social media presence and the website is www.cybersecure.uk.com
What are the major strengths of the Business?
• Right products set
• Right partnerships
• Flexible to do business with
• Strategically located
• Qualified personnel
• Established 8 years
• All the vendors are innovative in their industries, they are easy to do business with, have a great reputation in the marketplace, and offer them a high margin
• Some clients are new to the UK market and offer the ability to create as much market share as the company wants.
What are the major weaknesses of the Business?

• Lack of capital to invest in growth strategies.

What opportunities are there for your company?
• Activtrak managed services
• Cyber Security as a Service
• Sophos Managed Services
• Penetration testing and Vulnerability assessments
• Further promote Amplify Mobile Security
• Consistent Email marketing, social media advertising, google pay per click and organic SEO, all of which are currently not part of their marketing strategy.

What are the main threats to your Company?

• No real threats. The quality of qualified service offered, and the prices charged offers good value for clients.

The Owner would be more than happy to offer any training and handover period. He is open to stay on with the business if required and consider all types of deals with any acquirer.

TRADING HOURS
The business operates Monday to Friday from 9 am to 5 pm.

FINANCIAL DETAILS
The turnover for this financial year is set to be around £400,000 with a gross profit of £120,000.

The turnover for the year ended 31.07.2019 was £320,479 with a gross profit of £92,959.

The turnover for the year ended 31.07.2018 was £353,702 with a gross profit of £129,025

TENURE
The business is fully re-locatable, and the present lease is on a yearly renewable basis with the rental at £500 per month.

PROPERTY DETAILS
The offices are 550 square feet with separate kitchen area. It also has shared facilities.

Ref: 13402
Price: £350,000

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

Trading hours:
The business operates Monday to Friday from 9 am to 5 pm.
Number of employees:
0
Competition:
Amplify mobile security was created and is owned by the company; it was designed for police forces to track and investigate corruption and to uphold professional standards within Police forces.
Support and Training:
The business is currently operated by the Owner, who is able to stay on in the business if required. He is also available for a handover period if required.
Location Details:
The business is operated from offices at Waterside Chambers, Bridge Barn Lane, Woking GU216NL. The location is close to London, the A3 and the M25 as well as having good rail links to Waterloo station. It is close to the Owners home and is cost-effective. The business can be relocated to anywhere else.
Is this business relocatable:
Yes
Listed by:
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