Electrical Engineering Company | | Undisclosed East Riding of Yorkshire | | Electrical Engineering Company Ref.IG020 Location East Yorkshire Asking Price £ 220,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 20580
ADVERT IMPRESSIONS : 57,211 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £220000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is an exceptional opportunity to purchase a well established profitable electrical engineering and company who can supply a full turnkey solution for domestic, commercial and industrial requirements.
Having traded since 2004 the company remains today owned and managed by the founder who has built up an enviable reputation for supplying a high quality of work.
The company has developed relationships with a number of landlords, letting agents, investors and private house owners who regularly use the their services In additional the company have have regular industrial and commerical clients who use use the company to carry out a varity of work. These clients include blue chip companies
Because of the company’s reputation they are for ever in demand and they have consistently a full order book. They are very orgainised which allows them to carry out a varity of work and exceed customer expectations. The busines has a really usfully web based job management system which has helped the company retain and grow their business.
The company has a web site which is used to promote and generate new business.
The business is profitable and has a reputation for its speed of supply, coupled with an efficient and reliable team of time served electricians.
This business would be perfect for a new owner who with new ideas that could grow a profitable business which is built on sound foundations.
Customer Service:
Customer service and safety is paramount to the success of this business. All work is carried out to the highest standards and all materials and accessories are quality approved and comply with the relevant BS codes. All work is carried out in strict accordance with the IEE regulations and is certificated in compliance with NICEIC guidelines guaranteeing a high level of workmanship.
The company has installed a specialised software programme for the benefit of their customers. This allows their customers to track the progress of their job at any given time on their own computer, and furthermore cements the relationship with their client.
Key Strengths:
The company has built up an enviable reputation within the industry for being able to provide a full turnkey solution to its clients and to be able to solve any electrical problems. Customer satisfaction is imperative and the company go the extra mile to ensure that the customer is satisfied.
The business has been developed in such a way so it can cater for the most demanding of clients. The infrastructure is in place to take the company forward to a higher level of turnover and profits
The reputation is such that the business enjoys very high levels of repeat business. The client base is a mix of industrial, commercial and private customers and this ensures a degree of economic resilience. Whilst being competitive, the business does not compete solely on price. There is excellent scope for growth within the company.
The business is well run, profitable, financially sound, has low overheads and an expertise and knowledge second to none in its field.
Key Opportunities:
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for electrical engineering combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have the advantage of building on this excellent, existing platform.
Premises:
The business runs from rented offices, which are circa 350sq.ft. The rental is circa £60 per week which includes electric, services and rates.
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.
The turnover for 2007 was £506,000 with Net Profits of £85,000. The owner suggests that double digit growth on turnover will be achieved during the next financial year.
Employees
The office is run by one fully time member of staff and one additional part time staff member who deals with the book keeping. The integrated software tracks all work from enquire through invoice.
The owner generally looks after creating new business and generally oversees the running of the business. There are also six fully qualified electricians, one apprentice electrician. One of the electricians has the additional responsibility of being the ‘Qualified Supervisor’ and takes on additional responsibility for the quality of work carried out by the company and completing and signing certificates.
Equipment;
There are five vans which are in the company livery. Three are wholly owned and two have been purchased on finance with three years payments still to run.
All the vans are equipped with the tools to carry out the task
Support and Training
The owners would be happy to help out with a smooth transition of the business and help in anyway possible. He is prepared to help for a period of time to introduce the new owner to all of the major customers that the company deal with on a regular basis.
Reason for Sale:
The owner is going to move abroad. | | | | | | FOR SALE | | | | | REFERENCE: | IG020 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
