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BUSINESS REFERENCE : GK131 / RightBiz GK131-SOUTH WALES-£700,000-ELECTRICAL CONTRACTORS, NICHE MARKET | | | | | | Electrical Contractors, Niche Market. Confidentially offered for sale Ref No: GK131 Location: South Wales Asking Price: £700,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | LEASEHOLD: | £700000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This company has been established since 1984 and specialises in providing contracted pre planned preventative maintenance programmes for business’s using commercial catering equipment. The maintenance schedules often lead to the business supplying new equipment where a repair is not commercially viable.
The operation also operates a kitchen design consultancy where large corporates will ask them to design , supply and fit a commercial kitchen as part of a refurbishment programme or to be included in new build company headquarters. As part of this revenue stream the business manufactures and installs its own stainless steel canopies, ductwork and bain maries
Customer Service:
The business has in excess of eight hundred commercial clients including banks, hotel chains, local authorities and insurance companies. Within this group there are circa twelve blue chip operations with whom it has written contracts to carry out three or six monthly preventative maintenance schedules. Every item of equipment is checked for efficiency and safety and a written report recommending repair or replacement is sent to the company for review.
Key Strengths:
Extremely well established
Forward orders of work in excess of £250,000
Growing design and fit portfolio
Controlled overheads
Growth and Expansion:
With the ever-increasing demands of Health and Safety there is a growing market for companies of this quality offering this level of service. Further growth is easily achievable by attacking further groups of hotels with a national coverage. Regional airports have strong demand as does the MOD.
Employees:
One Director
One Company Secretary
Two Workshop Engineers
Five Engineers
Two Office Staff
One Fabrication Manager
One Foreman
Two Welders
One Apprentice
Advertising and Marketing:
The company has not had a need to advertise as its order books are filled well in advance.
Premises:
The business occupies leasehold premises close to an industrial park within easy reach of the city centre, major trunk roads and the motorway.
The site consists of five well-appointed offices, a works canteen, toilets and showers, a small showroom and a large workshop and loading bay. The offices and workshops cover a total area of circa 7000sq ft with an additional external parking area and lane to the rear of the premises.
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. Latest accounts are presently being audited. The accounts for the financial year ending April 2006 indicate a turnover of circa £1,000,000 that will be easily exceeded in the latest figures. The company accountant will be pleased to discuss the figures subject to the approval of the directors.
Reason for Sale:
The managing director has been involved with the company since its inception and has decided to take early retirement to pursue a number of alternative interests.
Support and Training
There will be a full and professional handover for a period to be agreed as part of the sales negotiations | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GK131 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
