| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 18,582 TIME(S)
BUSINESS REFERENCE : GK118 / RightBiz WELL ESTABLISHED ELECTRICAL CONTRACTORS | | | | | | Well Established Electrical Contractors Ref.GK118 Location West Midlands Asking Price £ 70,000 | | | BUSINESS LOCATION: | Undisclosed West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Electrical Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £70,000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was established in 1946. The present partnership joined the company in 1957 and have been with the company ever since. The operation covers the full range of electrical services from small odd jobs for private individual to refurbishment projects, new build developments, fire and burglar alarms installation, emergency lighting systems and general maintenance work.
The turnover comes from its large client bank of private individuals, a long-term relationship with the local county council and twelve schools in the immediate catchment area. It also works directly with a number of local companies and with building contractors and developers in a sub contracting capacity.
Customer Service:
This company has built a reputation for service and fair pricing that spans six decades. It is the most well-known and respected small electrical contractors in the area and attracts work from customers in a thirty-mile radius from its base.
Families and businesses alike have come to treat it as the natural port of call for all electrical issues.
Key Strengths:
Excellent credit control
Low overheads
Growth and Expansion:
This business has been managed to a size suitable for the requirements of the two partners. The opportunity to grow this business is substantial and there is a large available market for its services. A consistent local advertising presence, effective networking and a mail shot to past and present customers would raise the level of awareness and increase the opportunities to quote for additional work.
Employees:
One of the partners would be willing to stay with the business for a period of twelve after the sale.There is one other full time qualified electrician who has been with the business for twenty years.
Advertising and Marketing:
The business does not advertise its services
Premises:
The company trades from small rented premises consisting of an office and storeroom. There is adequate parking. This is situated in a rural location on part of a large private residence. The nominal rent is £170:00 per month. The business would be easy to relocate if required.
Financial Information:
All financial information will be made avaiable under the auspices of Turner Butler and subject to the usual letters of confidentialty. The business enjoys a turnover of circa £175,000 with net profits being in the region of £36,000.
Reason for Sale:
Both partners are approaching retirement age. One would be willing to remain with the business to facilitate a smooth handover for a period of twelve months subject to negotiation. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GK118 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
