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BUSINESS REFERENCE : IA021 / RightBiz DESIGNS, SUPPLIES & INSTALLATION OF AIR CONDITIONING SYSTEMS | | | | | | Designs, Supplies & Installation of Air Conditioning Systems Confidentially offered for sale Ref No: IA021 Location: South Wales Asking Price: £1,000,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | FREEHOLD: | £1000000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The company was established by its main director in 1989 and has been grown to a size that is suitable for the director’s requirements. It only operates within South Wales and has a client base of around three hundred customers.
The business designs supplies and installs air conditioning systems and units, clean rooms, condensers, heat pumps, humidifiers, portable systems and full heating systems. The company also designs installs and maintains heating systems. The business is Corgis registered and is a member of HCVA.
Following the installation procedure most clients elect to have an on going maintenance contract. Its broad base of customers are both commercial and domestic and most of its installation work involves the design of a bespoke system and sourcing of the appropriate equipment through a range of suppliers including Mitsubishi, Daikin, and Hitachi.
It has successfully completed contracts in air offices, shops, industrial units and sensitive areas like computer rooms.
Equipment:
The business uses specific software programmes that calculate the correct unit size for the required airflow.
Customer Service:
Because the business carries out both heating and air conditioning work it is a natural choice for many prospective clients as there are very few operations that supply both services. It has always adopted a policy of providing the pragmatic pricing policy backed up by the very best quality of workmanship.
Key Strengths:
No real competition in the area
Well known and respected
Freehold premises available
Growth and Expansion:
The business has only ever operated in South Wales. Demand for air conditioning is ongoing and there is a great opportunity to grow the business across the South West.
Employees:
Two directors
One pricing manager who runs the business on a day-to-day basis
One secretary
Six engineers
Two engineers mates
Advertising and Marketing:
The company does have a presence in the Yellow Pages
Premises:
The sale includes two freehold premises. The first is an investment property bought for buy to let. It is a three bed roomed end of terrace property which has a market value of circa £175,000.
The second property is the company’s operational offices. They are well located on a high profile roadside site and consist of. Three offices and reception area, kitchen, toilet, showroom, sauna, small-equipped exercise room and shower, four storage areas and a basement office.
To the side of the premises is a converted storage area, which now consists of a well, appointed entrance and office area, lounge, kitchen, bathroom and double bedroom. The vendor values these premises at £400,000
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. The company has a turnover in the region of £750,000 with gross profits being circa £485,000, average adjusted net profits are around £90,000.
Reason for Sale:
The vendor wishes to retire abroad
Support and Training
There will be a full and professional handover of the business for a period to be agreed as part of the overall sales negotiations | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IA021 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
