| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 9,188 TIME(S)
BUSINESS REFERENCE : GK156 / RightBiz GK156 -WORCESTERSHIRE-£ 375,000-ELECTRICAL CONTRACTORS | | | | | | Electrical Contractors Ref.GK156 Location Worcestershire Asking Price £ 375,000 | | | BUSINESS LOCATION: | Undisclosed Worcestershire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | LEASEHOLD: | £375000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity. The two Directors have developed the performance of this company over 20+ years with great energy and drive. The company was incorporated in 2004 and the business has continually been successful in improving turnover and profitability throughout, including recently securing a new large contract and futher probability for yet another in the near future.
The company has been NICEIC registered since 1990, with the registration now including Part P certification.
The dynamic leadership of its two Directors has built a solid foundation for a new owner to develop further with renewed energy and vision.
The opportunity to acquire this soundly managed business comes reluctantly due to the wish of both Directors to retire along with a health issue. The business is therefore priced for an uncomplicated sale and represents a superb opportunity for either a larger similar company seeking a geographically located bolt on, or indeed perhaps an ambitious sole operator or partnership.
Equipment:
The company owns and maintains all neccesary machinery, tools and vehicles to undertake the levels of quality work it attracts.
Customer Service:
Being renowned for the quality of its customer service, the company enjoys many third party referrals apart from its regular and in many cases repeat broad base of customers.
Key Strengths:
The key strength of the company must be its ability, in what is seen by most to be a shrinking marketplace, to continue to grow and win significant new business.
Growth and Expansion:
The Directors of the company have never felt the need for extensive and expensive advertising, and this may be seen as a developmental point by a new owner.
Key Opportunities:
The fiscal benefits of the growth in 2008 have not been fully anticipated in the listing price, and this benefit will undoubtedly prove to be attractive to a prospective purchaser.
Employees:
The company currently employs 7 staff including the two Directors, along with a small team of trusted sub contractors.
Premises:
Leasehold Premises: 3 year lease
Square footage circa 1000 square feet
Rent: £724.77 per month
Rates: £1090 per annum
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.
Support and Training:
All training and support during handover will be supplied willingly as part of a successful sale package.
Reason for Sale:
As mentioned before the health of one of the Directors plus both their wishes to retire are the only reasons for this reluctant sale | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GK156 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
