turner-butler

Businesses are featured on

Businesses for Sale

Electrical Contractors & Fire Alarm Specialists to the Domestic and Commercial Market

Ref. GK253

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


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Asking price includes:

Turnover circa £300,000 per annum

Adjusted Net Profit circa £65,000

Accredited with NICEIC

Forward order book

Ongoing Maintenance Contracts

Excellent company website

Goodwill

Business Profile

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

• CCTV

• 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.

Customer Service:

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.

Trade Associations and Accreditations:

Accredited with NICEIC

Key Strengths:

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.

Financial profile:

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

Growth and Expansion:

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.

Premises:

The premises are leasehold with rent of £6,000 per annum and can be retained if required or alternatively the business could be relocated.

Employees:

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

Support and Training:

The owner is happy to provide full support and training for the new owner and this can be discussed at the time of sale.

Reason for 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.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk