| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 38,308 TIME(S)
BUSINESS REFERENCE : GK123 / RightBiz ELECTRICAL CONTRACTORS | | | | | | Electrical Contractors Confidentially offered for sale Ref No: GK123 Location:Cornwall Asking Price £215,000 | | | BUSINESS LOCATION: | Undisclosed Cornwall UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Electrical Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £215000 | | | | | | | | | | | BUSINESS DETAILS: | This well established and highly respected company was established in 1979 and became a limited company in 1996.
Eighty percent of its work is in the domestic market with a huge base of clients covering a twenty mile radius from its base in a well known Cornish town. The remainder of its turnover comes from the commercial sector where it is actively involved in refurbishment and new build programmes normally as a main contractor. The business is N I C E I C registered and frequently handles contracts with a value up to £200,000
Customer Service:
The business has never advertised and has created its financial stability and reputation through a consistent approach of friendly reliable service that has resulted in strong levels of recommendation. It has forged excellent relationships with key decision makers in local letting agencies, building contractors, local health authorities, hospital trusts, holiday parks, hotels and housing associations where its services are consistently in demand. They currently carry out the maintenance work for one authority with responsibility for three thousand five hundred houses.
Key Strengths:
Financially sound
No borrowings apart from a small overdraft facility
Strong credit control
Excellent range of blue chip customers
Low overheads
Reliable staff
Huge growth market
Growth and Expansion:
The location of this company could not be better to capitalise on the regional building development programmes and private housing market boom. Cornish housing is one of the most popular investments at this time with new owners requiring often updating, extending or modernising their properties. In addition existing long-term maintenance contracts are being re negotiated with local authorities that will increase the profile and commercial standing of this company.
Employees:
The business has a stable workforce many of whom have been with the company for a number of years. Two directors,One secretary, One Foreman electrician, Three electricians
One electrician’s mate
Advertising and Marketing:
The business has never had the need to advertise itself (apart from having four sign written vans) and has always maintained a healthy forward workflow.
Premises:
The premises are available to rent and consist of a small office of circa 16”x 11”. A storeroom of around 20” x 20” with toilet facilities. Adequate parking space and an additional off site store room.
Financial Information:
All financial information will be made available under the auspices of Turner Butler and subject to signed letters of confidentiality being in place. The company enjoys a turnover of circa £315,000 with gross profits being around £135,000.
Reason for Sale:
The directors have built a property portfolio that they would like to develop further.
Support and Training
A full, professional and seamless handover will be available for a period to be agreed as part of the overall sales negotiation. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GK123 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
