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BUSINESS REFERENCE : CC084 / RightBiz CC084-RE-LOCATABLE- £ 115,000-TRAINING COMPANY SPECIALISING IN DOMESTIC ENERGY ASSESSORS AND HIP’S | | | | | | Training company specialising in Domestic Energy Assessors and HIP’s Ref.CC084 Location Re-locatable Asking Price £ 115,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | FREEHOLD: | £115000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Created to respond to new Home Information pack legislation and in particular a mandatory part of the pack, the Energy Performance Certificate (EPC) this relatively young company has rapidly established itself as the leading professional and specialist UK Environmental Trainer in Energy Assessment.
Working as a City & Guilds accredited Centre of Excellence, the training and assessment packages developed by this business have been specifically designed to address the demand arising from a huge shortfall of skilled and qualified Domestic Energy Assessors (DEA’s) in the UK – with training leading to the City and Guilds Level 3 accredited Diploma in Domestic Energy Assessment, the qualification required for Assessors to produce EPC’s.
Courses which are two weeks long combine a week of theory and a week of practice with trainees carrying out Energy Surveys on four properties and completing their reports using RdSAP software. With the vast majority of delegates having little or no experience or formal qualifications and often already employed in corporate life the intensive nature of the course allows delegates to undertake their training during holiday periods, staying with their current employer until they are ready to take on Domestic Energy Assessment work. Courses have typically been run monthly with between ten and fifteen delegates per course, each paying £2,495 including VAT, excluding accommodation costs, which delegates are required to arrange independently but including all training materials and manuals, the City and Guilds examination fee, Portfolio Assessments as well as the RdSAP Training Software Licence fee.
The cornerstone to the success of this business is the high quality training and support this business offers. Appreciating that delegates are often training for a career change and that the training represents their future livelihood, this business calls upon some of the best trainers in the country - a highly experienced and skilled team, some of whom were involved in developing the course at the outset. Not surprisingly pass rates are very high with over 90%+ successfully completing the City & Guilds on-line test.
This is an excellent business with a very good reputation, fast growth and good cash flows. The only training company offering a coure such as this in the UK, it has a clear product differentiation in the marketplace. With HIP’s about to be introduced into the commercial property sector in the Autumn of 2008 and generating further demand for training in this sector, this business is ideally placed to take advantage of this growth. As such it represents an excellent acquisition opportunity for an existing training company looking to acquire a City and Guilds accredited Centre of Excellence and move into another area of training or a freelance trainer looking for a specific training product.
Key strengths:
This business is widely recognised througout the industry for offering one of the very best training packages available in this sector. It is unique in offering a two week ‘In House’ tutor led course combining all aspects of the necessary theoretical and practical training including carrying out actual Domestic Energy Assessments, written up using industry software and which actually count towards the full qualification.
The course was very well researched pre-launch with course content and training materials in place – all developed in conjunction with the actual trainers used to deliver it, all of whom have vast teaching experience and training in the Energy Sector and have been carefully selected for their effective delivery and friendly and relaxed manner. Many trainers used by this business rank as being the very best in the country. Not surprisngly pass rates are very high at 90%+ encouraging an on-going stream of delegates keen to establish themselves in a fast growing marketplace which is in its infancy but very firmly based on European legislation. Many delegates are attracted to this company because of its status as a City & Guilds accredited Centre of Excellence obviating the need for any re-examination.
Key opportunities:
This is still a relatively new area to the training industry and as such massive opportunities exist to grow this business over the coming years. This industry has achieved impressive growth in a very short period of time with further substantial growth available with more opportunities arising in a new and developing industry supported by the government and European legislation.
Recent figures show that over 2.5 million homes per year will require an energy performance certificate and from 2008 properties in the rental sector, the social housing sector as well as public and commercial buildings will also require to be energy rated. This business is ideally positioned to take maximum advantage of the significantly increased growth there will be for Energy Assessors across this sector.
Having been run from its own training facilities in the South East, there is certainly scope to extend this business across major cities throughout England as well as in Ireland and Scotland where Home Information packs (HIP’s) are only just being introduced.
Having become a City & Guilds approved Centre of Excellence there is also the scope to offer training for additional qualifications.
Customer service:
As with any training company customer service is key. The company fully understands how important client satisfaction is. Client testimonies and high levels of repeat business as well as referrals fully back up the company ethos of providing high quality yet personal training courses. As a City & Guilds accredited Centre of Excellence the company is regularly audited ensuring the most up to date, relevant and high quality training.
Technology and equipment:
The business utilises the latest technology to ensure the smooth running of the business and on behalf of its trainees. This includes Global Online Assessment (GOLA) in conjunction with City & Guilds as well as the NHER developed RdSAP training software.
Premises:
All training to date has been undertaken at the business’s own facilities close to one of the major commercial centres in Surrey, however it will be very easily relocated.
Marketing and advertising:
This business was established following very effective advertising in the national press and on national radio, particularly aimed at Asian media. By far the most effective form of marketing however this business enjoys is strong word of mouth recommendation from delegates completing the training successfully as well as referrals from City & Guilds.
The business also has a very well designed and informative website that performs very well in all major search engines for all appropriate search topics.
Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
During the initial stages of the development of the business it has run approximately one course a month with between ten and fifteen delegates attending each course. Course fees are £2,495 including VAT. To date the business has trained over 100 candidates.
Employees:
The two joint Owners have been responsible for the day-to-day running of the business splitting the Sales and marketing and technical aspects of the business with some limited sales and administrative support. All training is undertaken by highly skilled and experienced trainers from within the Energy sector operating on a freelance basis.
Support and training:
The owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new Owners.
Reason for sale:
Having ‘proven the formula’ of this business the current Owners wish to pursue other business interests. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CC084 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
