Electrical Maintenance Contractors | | Newcastle Monmouthshire | | Electrical Maintenance Contractors Ref.GK189 Location Newcastle Upon Tyne – Re Locatable Asking Price £195,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 45789
ADVERT IMPRESSIONS : 10,210 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Home & Garden Services | | SALE: | Agent Sale | LEASEHOLD: | £195000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This family run business was established 25 years ago and in that time has built up a name as an honest, reliable and trustworthy company with a reputation for their quality of work . They specialise in electrical installations, repairs, testing, servicing and maintenance with a large proportion of their work coming from housing associations. They do however have a growing database of commercial clients with their work caried out primarily in the Tyne and Wear area.
The company offers their clients a first class service with weekend and emergency call out facilities from a team of fully qualified and experienced electricians, who offer friendly and expert on-site assistance.
Their clients are primarily reputable housing associations with a number of maintenance contracts with building companies and they are also approved contractors for insurance work. They also benefit from a small amount of local council jobs. This is regular all year round business with continual work in progress from a database of circa 100 clients of which regular repeat customers are circa 40 in total.
This is a well established easy to run profitable family business with low overheads and a regular all year round flow of work. They have a prime database of established clients and this would be an excellent acquisition for a company who could benefit from direct contact supplying housing associations and insurance work.
Key Strengths:
• Established name and excellent reputation since 1985
• Database of circa 100 clients with over 40 regular repeat clients
• Maintenance contracts in place with major housing associations
• Work in progress
• Low overheads
• Competitive
• Profitable history with good cash flow
• Customer testimonials
• Team of qualified and skilled electricians
• Re – locatable within Tyne & Wear
• Scope for major growth and expansion
Growth and Expansion:
Whilst the owners have been trading successfully for over 25 years they believe that they have only just scratched the surface in terms of the opportunities that could be achieved by this company in the coming years including taking on more domestic work.
Extra work is readily available to a firm of their outstanding name and reputation. Whilst the company have concentrated their efforts successfully on installation maintenance and repairing of general electrical work they have often had to refuse such work as door entry, fire alarms, emergency lighting and security work. To take on theses projects the company would have to expand their work force with someone specialising in this type of work.
Premises:
The business needs to be re-located within the Tyne and Wear area.
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.
Turnover is circa £421,000 with Gross Profits of circa £145,000.
Employees:
There are 11 full time members of staff and a part time member within the company including the owner, his wife and their daughter. Amongst the staff is a qualifying manager who looks after the running the teams plus an experienced supervisor, 3 fully qualified electricians, 3 electricians which are partly qualified and three apprentices. There is also an administration clerk.
During busy periods of the year the company employ teams of sub-contractors for their larger projects.
Support and Training:
The owners would be happy to help with a smooth transfer of the business in any way possible.
Reason for Sale:
The husband and wife team have been working hard in the industry for over 25 years and would like to take life easier in the future. They have some other business interests which they would like to spend more time pursuing. | | | | | | FOR SALE | | | | | REFERENCE: | GK189 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
