VEX Ref: VEX00840
Activities: Business Website Design, Hosting & Services
Location: South of England
Turnover: circa £753,000 (FY 2017/2018 Forecast)
Vexus is exclusively retained to find a buyer for this established and profitable website design and hosting business. For over 15+ years our client has provided a range of bespoke website design, build and hosting services across a wide range of industry types. With a growing customer base of around 1,900 active clients, the business continues to evolve and move forward underpinned by a high level of recurring revenue. Existing customers are invoiced and pay in advance for on-going service and hosting fees which are currently running at £455,000 p.a. In addition, there are many customer enhancements, upgrades and new clients.
Annual recurring client revenues of £455,000
- Bespoke Websites
- Web Hosting
- Domain Registration
- Business Grade Email
- Social Media Set-up
- Logo Design
Protected brand and established reputation
The business has designed and built their own Content Management System, Website Management System and CRM. These tools enable the business to build websites at high quality for the lowest cost to clients. This, as well as our client’s strong service ethos and their efficient supporting technologies, has enabled the business to grow while retaining a high percentage of clients and recurring revenues. As the market matures and clients demand a higher quality product, the business is in a strong position to take full advantage of this growing sector.
|Year End March||2013/2014||2014/2015||2015/2016||2016/2017||2017/2018 Forecast|
*These figures have been rounded off for confidentiality reasons.
Ideally we seek an acquirer with an understanding and current business focus in either website design, hosting services or a business with strong market or client synergies looking for a ’bolt-on’ business opportunity.
100% of the business shares are available to a suitable buyer with the resources, experience and energy to drive this business forward to the next level. The core team that help run the business on a day to day basis will remain and the exiting vendor is happy to agree a mutually agreeable handover period.
- Fully proven & scalable business model
- 13 full-time employees
- Full software and business intellectual property
- Exciting & profitable market opportunity
- High levels of recurring income
- Key staff to remain within business
Reason for Sale
The current business owner feels the business has reached a level of maturity and stability. After 15+ years of building the company, our client feels the business would benefit from becoming part of a larger organisation with the expertise and resources to take the opportunity to the next level.
This is a rare and low risk opportunity to acquire a long established and profitable website design and hosting business.
Offers will be invited for 100% of the shares in this business
The Next Steps
On completion of our signed non-disclosure agreement, qualified parties will receive further information on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.