Electrical Contractors & Fire Alarm Specialists to the Domestic and Commercial Market
Location : Devon - South West England
Asking Price : £140,000
Turnover : £300,000
Net Profit : £65,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Leasehold
Confidentially offered for sale
Accredited with NICEIC
Forward order book
Ongoing Maintenance Contracts
Excellent company website
The business was formed in 1979 and supplies a complete range of electrical work that includes simple domestic wiring to industrial contract work.
Five electricians are employed on a full time basis and are all time served, fully qualified and conversant with the latest requirements of electrical regulations. The business is well known and well established and has been based at its current premises for several years. As a local company the business has thrived with no job too large or too small for its fully qualified team of employees.
The business has a healthy portfolio of both domestic and commercial customers and deals with the supply and installation of
• Complete Rewires
• New Electrical Installations
• Door and Entry Security Systems
• Central Heating
• Bathroom and Kitchen Work
• Smoke Detectors
Work is undertaken within a 30 mile radius of its headquarters.The vendor feels this opportunity would ideally suit a company wishing to enter the Devon market or one already there that wishes to extend geographically.
The company has a vast amount of experience and technical expertise and is commited to customer service quality and reliability. By providing personal attention, the business works one-to-one with clients to ensure that they are provided with a prompt, reliable and efficient service.
Accredited with NICEIC
The business has built an excellent reputation for quality workmanship and is financially stable with on-going contracts and a solid forward order book.
The business provides a hassle free professional service and over the years it has formed some excellent business relationships with clients who return time and time again. Because of its excellent reputation in the area as a safe pair of hands together with its competitive pricing, the business tends to get the majority of the contracts they tender for.
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.
Turnover circa £300,000 per annum
Adjusted Net Profit circa £65,000
Business levels could be increased with additional staffing and expanding the geographical area that is serviced and there is substantial room to capitalise on the residential new build and refurbishment market as well as the day-to-day “call out” emergency sector.
The premises are leasehold with rent of £6,000 per annum and can be retained if required or alternatively the business could be relocated.
The owner deals with the daily operation of the business including quotations and sales. The owner employs 7 full time staff including electricians and administration
The owner is happy to provide full support and training for the new owner and this can be discussed at the time of sale.
The vendor has spent a great deal of time building the business to its current level it and had intended to keep the business in the family, unfortunately this is not now going to happen.
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