| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 5,676 TIME(S)
BUSINESS REFERENCE : IT034 / RightBiz IT034-WORCESTERSHIRE MIDLANDS-£695,000-ELECTRICAL CONTRACTOR | | | | | | Electrical Contractor Ref. no: IT034 Confidentially offered for sale Location: Worcestershire Midlands Asking Price £695,000 | | | BUSINESS LOCATION: | Undisclosed Worcestershire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | LEASEHOLD: | £695000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This profitable business was established in 1964 and has been successfully run by the same family since it stated trading. Its core area of operation is the industrial and commercial market where it specialises in fault finding and repair and the maintenance and upgrade of existing premises. It is also has a significant volume of regular work carrying out Portable Appliance Testing for a broad base of clients with one customer alone requiring their services for sixty thousand individual checks per annum.
Location
The business is located in Worcestershire.
Clients:
The company has a database of between two and three hundred clients. Including Local Authorities, Government Departments
Manufacturing industries
Blue chip companies
Research Operations
Offices
Schools
Nursing/Care Homes
Property Services Companies
Libraries
Builders
Customer Service:
This is one of very few companies to receive unsolicited testimonials from satisfied customers. This is a true reflection on the time and effort put into each job and their watchwords are Quality, Reliability and Value for money.
Key strengths:
Having been trading in the area for forty two years the business has established a superb local reputation and many of their customers have been trading with them for many years. This creates excellent levels of referrals by word of mouth and in most instances they are simply “the company of choice”.
A measure of this is an order book that consistently provides a months work in advance.
Key opportunities
There is a huge opportunity to take this business forward and on to its next logical step in terms of growth. Its solid foundations are an ideal platform to increase its presence in the PAT testing market. A direct approach to national and local insurance companies and brokers would result in additional volumes of work in this profitable sector. The resulting relationship with the company whose equipment is being tested will create additional commercial opportunities.
The company also has the ability to perform Installation Testing for Electrical Test Certification.
The business does not carry out any structured marketing of their services and quarterly mail shots and flyers would raise the level of awareness still further.
Technology:
The PAT testing equipment consists of hand held Psion systems which down load the captured data to a PC. The raw information is formatted onto a register and the subsequent reports are either put onto a CD or e mailed to the client.
Management and staff:
The company has twenty two employees including three directors.
Advertising and marketing:
The business advertises in the yellow pages and carries out some direct marketing..
Trade Associations.
Qualified Test Engineers and Electricians
Members of the NICEIC
Premises:
The company operates from two leasehold offices totalling circa 600sq ft. The annual rent is £7500. There is also a lock up store and a yard for parking.
The company has thirteen sign written vans.
Financial Information
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 and subject to the letter of confidentiality being signed and proof of funding being available.
The business is financially stable having a consistent forward order book of four weeks.
The turnover for the last financial year was circa £1,300,000 with a 34% gross profit. The profit before tax was a healthy £142,000.
Business hours...
Monday: 8:00am-5:00pm
Tuesday: 8:00am-5:00pm
Wednesday: 8:00am-5:00pm
Thursday: 8:00am-5:00pm
Friday: 8:00am-5:00pm
Support and training:
There will be a full and seamless handover of the company for an agreed period. Two of the directors may be willing to remain in the operation if required to do so by the purchaser | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IT034 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
