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BUSINESS REFERENCE : IT50 / RightBiz ELECTRICAL CONTRACTORS | | | | | | Electrical Contractors Confidentially offered for sale Ref No: IT50 Location:North West Asking price £495,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | LEASEHOLD: | £495000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This Company offers a unique opportunity to invest in a niche market, where only a few companies are capable of diligently operating to the strict standards and protocols needed within this sector.
This approved contractor is well renowned and based in the North West of England. The business was established on September 1991 and has traded successfully since inception.
The Company provide specialist electrical installation and call out maintenance services, serving the Petrol Station industry sectors.
The Company has the accolade as being the No 1 Contractor for one of the UK’s biggest names, which bears testimony to the quality of service and scope of works provided.
The company provides full electrical project and maintenance services principally to quality commercial blue chip clients on a long-term contract basis. Most of the maintenance work carried out is of a response nature, and to efficiently cater for this there is a well-trained in house team and system in place. Many large and prestigious contracts are undertaken and they have a large order book and unexecuted quotations.
A well-respected electrical contractor the company operates in both the public and commercial sector and comprises of a full management team and employed workforce. The company has an excellent reputation for project management, fast response, and attention to detail, customer care, end user focus and integrated approach.
Significant repeat business is obtained from a loyal and satisfied client base, which is continually growing. The business is virtually all repeat; this well-respected electrical company focuses on quality workmanship and value for money that the large blue chip client base demands.
This Business is in the enviable position where on a regular basis it actually turns work and tenders down, as such, it offers the investor a direct route to some of the UK’s biggest names.
This operation could be run as a separate turnkey project or incorporated into a larger structure.
Quality Assurance:
Quality comes high on the list of these businesses priorities; the mission of the business is to provide customers with the highest possible quality service, products supplied meet all relevant EU and UK legislation.
Clients:
Working with a broad range of clients, across many differing sectors, this Electrical Company is top of the list for customers when the need arises.
Customer Service:
Founded in 1991 this Electrical Contractors has established an enviable reputation for both the quality workmanship and the courtesy and professionalism of it's team of dedicated tradesmen, many of whom have been with the company for ten years and more.
Customer service is highly valued by this company. From the submission of a clear estimate or tender, through the scope of works contract, to completion and presentation of invoice, this company adheres to a strict code of conduct.
Value is placed on ensuring that contract work is fully and professionally completed within the specified and agreed period.
Working closely at all times with clients, this company offers a speedy response time to resolve any queries that may arise.
Key Strengths:
The business owner has, over time developed and nurtured client relationships successfully. This has resulted in customer relations founded on a history of trading satisfaction.
The business is well established and highly profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of high profile blue chip companies.
The company has earned an outstanding reputation for its professionalism, service, reliability and flexibility.
The business benefits from the expert skills of loyal and highly trained staff who have embraced the company culture of providing the highest quality service s. The success of the company owes much to enthusiasm and the willingness to take ownership of challenges, objectives and goals.
The company is quite diverse in the range of services provided and pride themselves on their ability to adapt to suit the customers exact requirements, with a proven record of accomplishment in small works, including call out maintenance, it is equally as comfortable with larger million pounds plus projects. The company has an excellent financial footing, which allows it to finance the larger contracts and deliver them to the client within budget and perhaps more importantly on time
· Niche market
· Work direct and indirect with clients
· Excellent staff with time served skill sets
· Well- established client base
· Clients provided with complete service
· Strong client relationships
· Unsurpassed value for money
· Provides independent professional advice
Growth and Expansion:
This specialist business maintains an extensive base of satisfied clientele who appreciate superior service together with a widespread reputation. The key to maintaining the high degree of customer loyalty is the strong service orientation.
There are many opportunities for further growth from sales to new customers, which the existing Company management have chosen not to pursue and remain available
There is probably no limit to the potential growth and expansion of this well-established company.
The clientele served by this highly professional company are large organisations, which may be pleased to offer recommendation to associate organisations further a field.
Since 1991, the company has grown and expanded without the use of a company website, there is an obvious opportunity for growth with the additional development of this medium.
Key Opportunities:
The clientele served by the company are from within a specific sector, and mainly excludes domestic contracts.
Internet website advertising into an untapped market place could offer new opportunities.
More work could be subcontracted, which could greatly increase the turnover and profitability of the Company
This successful company does not use any formal advertising or marketing strategy, most new business is generated from client referrals and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation.
An immense opportunity exists to build on this unsurpassed reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, a direst sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative
Competition:
Competition has generally been of little concern to this company. As a specialist in its field, this company concentrates on continuous and regular cyclical contract work.
There is a random element of competition, resulting from Tender selection procedures, but this company considers the threat minimal.
Financial Information:
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 current turnover is over £1 Million.
Our clients feel that in the right hands with improved sales and marketing facilities the business could dramatically expand its operation.
Administration:
All administrative procedures are computerised and a wealth of management information is available and maintained.
Personnel and Management:
The most important resource of any business is its people and this is reflected in the fact that all of the staff have been with the company long term.
The Company currently employs
Ten full time tradesmen, three admin staff and a number of sub contractors workers as and when required.
Reason for Sale:
A stage has been reached where the owner wishes to reduce his working hours and plan to retire within the near future
Support and Training:
The owner of this flourishing business will provide full training and ongoing support, as required, on all aspects of the business when the handover takes place and will ensure the successful purchaser is fully conversant with the operation of the business in order that it may continue to be successful and growth is achieved. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IT50 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
