Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Electrical Contracting Business Industrial And Commercial
LISTING DETAILS
Firms For Sale ID:
33084
Vendor reference:
GK231
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£345,000
Turnover / revenue:
£1,800,000
Net profit / cashflow:
Undisclosed
Years established:
65
Trading hours:
Standard office hours. The business also offers a 24/7 call out to certain clients who require this.
Number of employees:
23
Employees / staffing:
As already mentioned staff are a real asset. The vendor has put a management team in place that means he is no longer required in the business on a day to day basis. The business employs a full time contracts manager, a full time estimator and full time works manager who run the business. It also employs some 20 full time electricians and other tradesmen. Within that group there are several senior electricians and charge-hands. All staff are long serving and suitably qualified.
OTHER DETAILS
Reason for selling:
The vendor now wishes to spend more time pursuing his own hobbies and past times and believes the business is ideally positioned to now be taken though a new period of growth and profitability by maximising the many opportunities at its disposal.
Support and training:
The current owner would be happy to provide full training and support at handover. This should be a relatively simple process as there is a highly capable managmetn team in place.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business currently operates from freehold premises that are also owned by the business. The vendor is happy to sell the freehold with the business or for the new owners to lease it should they require or for it to be relocated. The business benefits from enjoying small business relief and currently enjoys zero rating for rates.
Premise comprises offices, small yard and small storage facility.
It is understood the freehold is worth circa £150,000. Please note the asking price of £345,000 excludes the freehold.
BUSINESS DESCRIPTION
Electrical Contracting Business Industrial and Commercial NICEIC Approved
Ref.GK231
Location North Wales
Asking Price £ 345,000
This Electrical Contracting Specialist was established in the region some 65 years ago and in that time has established itself as a first class supplier of Electrical Contracting Services in both the Industrial and Commercial sectors of the market.
Fully NIC EIC approved this organisation provide services directly to many large blue chip organisations and public sector bodies as well as to some of the largest developers and main contractors who are active in the region. The client mix is strong and approximately 50% of revenues are from the public sector, the remaining 50% being within the private sector.
The company employs an experienced management team and a highly professional
workforce capable of managing and undertaking all sizes of projects from conception to full implementation and ongoing support, upgrade and maintenance. This turnkey solution is key to many of their customers.
This business installs and maintains all kinds of electrical equipment and has experience in every aspect of its sector. Working from well-suited premises the company has an experienced team, handling projects from minor works to major contracts. NICEIC approved, this profitable business provides its range of electrical services to a very loyal and established client base. Working typically from a 50 mile radius of its base this business is always in demand and never short of work.
Over the 65 years of its operation, this business has built an enviable reputation for providing a professional, prompt and comprehensive service with high levels of customer service. The staff understands the need to be 100% reliable and this has helped the business develop many long-term client relationships. This business’s commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant BS codes (including BS8555:2003 for Environmental Management). All staff are highly qualified, technically very adept, highly motivated and take pride in their work. This ensures the job is always completed to meet the most exacting customer requirements.
With turnover for the current financial year projected to reach £1.8 Million the business is still managing to post impressive figures despite the difficult market conditions we are all experiencing.
This is an excellent opportunity to acquire a long established, extremely well run and profitable, electrical contractors with a very significant customer base and full accreditations. The business has achieved very similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.
Expansion Potential
With an enviable reputation within the industry and renowned for always meeting if not exceeding Client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. With increasing demand for its services, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform and taking this business through its next period of sustained growth.
Market / Competition / Non-Competition Agreements
Having established an excellent reputation for quality reliability and professionalism the business has little need for advertising relying on the most cost effective form of marketing, word of mouth recommendation. In saying that, it does have an informative website (that requires a little updating) and also benefits from its accreditations listings.