Successful business for sale, specialising in Sound, Audio-Visual and Streaming technology installations. Established 18 years ago, it has a strong market presence in the South of England.
The business predominantly designs, installs, and maintains bespoke sound and visual systems in the Church market, and also provides regular PA equipment hire. Alongside this, the business has a steady revenue-generating income stream from equipment maintenance and servicing agreements which would provide immediate monthly income for a new owner.
The business has a strong history of returning clients wishing to upgrade and expand their installations. The company also has increasing income from support agreements and maintenance activities as customers modernise with new technology to meet today’s needs (e.g. live streaming). A consistent level of new business is generated by referrals from existing customers alongside the usual marketing/sales process; this reflects the business’s strong reputation in the church market, both with individual clients and the South of England church authorities.
Average turnover for 2018/19 and 2019/20 was more than £100k, with average net profits of £48k. Due to Covid restrictions when many church and public buildings closed, the financials temporarily dropped to a turnover of £57,385 and net profit of over £23,000 in 2020/21. However, the first half financial year income to 30th September 2021 has already recovered to £52k and there is a healthy sales pipeline of more than £130k for the next 12 months.
This is therefore a rare opportunity to acquire a well-regarded Audio-Visual business, whilst also providing the opportunity to harness growth and expansion potential, both within and beyond the current core market.