Website Design and Development Company For Sale

Business description

This business is a leading website design and development company, which creates websites for businesses of all sizes and prides itself on its excellence in all areas from website design to web development and search engine optimisation.

An established Limited Company with 13+ years of experience, the business offers its broad range of services to an established customer base with whom they have developed very good relationships that generates recurring income for the company.

The business provides full support and offers absolute expertise in website design and development and has a proven track record of helping to set up successful, effective and profitable web sites for the many existing customers.

Professional tailor-made services are provided for businesses looking for outstanding service, and unsurpassed expert advice and support.

In house software has been developed and the business generates a strong residual income from the licensing of applications/hosting, which a potential buyer could leverage in the future. The Intellectual Property rights to the numerous custom built software applications that have been created could be very lucrative for the new owner as they would have the rights to the software code, that has taken many years to create and that clients have paid thousands to build. With this code the new owner could easily offer new applications (ecommerce, property management, content management, full online business applications) to new clients at a fraction of the potential build cost and which would be unique to the new owner, thus giving them a competitive advantage and a set of ready made software products to sell to their clients.

The ideal buyer would be an existing web design and development company that currently has spare development capacity and would like to absorb the seller’s clients and services into their own existing business offering.

Customer Service:

The business builds excellent working relationships with clients who appreciate the knowledge and attention they are given, which ensures the success of the company.
The outstanding service is based on quality, speed and reliability, it is this service commitment that has resulted in regular contracts from many of their clients.

Key Strengths:

A major strength of the business is the excellent company portfolio, having done business in all sectors of web design and established a long list of clients with good client retention and long term recurring income in excess of €80,000 per year.

The business has a valuable website, which is included in the sale (along with a number of valuable aged domains relating to web design and hosting). One of the businesses greatest strengths in that it has hundreds of jobs on its portfolio and a high percentage of new business comes from potential customers seeing this portfolio on the website and then getting in touch on the basis of the company’s skills. Web designers gain new business on the merits of the work they have already completed to date. When a potential customer looks at the designers portfolio they can see evidence of jobs completed in a similar market or for a similar customer and so the business receives many leads from customers finding them from a previous clients sites.

The business currently has over €100,000 in Accounts Receivable/Work in Progress and has completed projects for over 300 clients, receiving lots of customer testimonials.

Multiple proprietary software systems are included in the sale and are already generating a profitable income stream.

This business has an excellent market outlook and is a very agile company with great growth potential, experienced staff, low head count and carefully controlled overheads

A proven business offering a broad range of services, with large percentage of
sales from established clients.

Business can be relocated or sale can include the lease of an lrish-based
purpose build modern fully equipped office and all lT equipment/servers etc.

Financial Information:

The business 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.

The business has a good balance sheet, is financially sound and has no debts or long
term creditors.

Property information

Real Estate:

Lease

Lease terms:

The rent is currently €2400 per month.

Location:

The business operates from a business centre in first floor air conditioned premises of circa 1650 sq ft. The premises have space for 13 staff and comprise of a board room, 2 managers offices, 2 open plan work offices, a server room, kitchen and toilets. There is ample parking on site.

The rent is currently €2400 per month.

Other information

Expansion potential:

Continuing to develop the business will lead to increased profits. The vendor feels that a new owner with energy and enthusiasm could increase the turnover to between €700 – €800,000 per annum. A local buyer in web design could incorporate into their existing business.

Profits could also be enhanced by a new owner/company that specialise in Search Engine Optimisation, as this is currently not a major part of this businesses portfolio. A new owner could promote this service to the exisiting large client base, who the vendor feels should be very receptive to it.

This additional opportunity would provide the new buyer with huge potential to dramatically increase the revenue potential of the company with this extra income. SEO experts charge anywhere from €100/month upwards, (€500 to €600 per month may be typical).

Competition / Market:

Most of the business's turnover is generated through the current existing client base generating repeat and referral business via word of mouth recommendation.

Support & training:

Support and training will be provided for the new owners to ensure a smooth transition of ownership.

Reasons for selling:

The vendors now wish to pursue other interests

Trading hours:

Monday – Friday: 9am – 5.30 pm