Featured Brokers
CONFIDENTIAL SALE
FOR SALE
26/03/24
608819
GJ039 / Rightbiz
Location: Derbyshire
Asking Price: £475,000 Net Assets
Asking Price Includes:
Turnover of c. £660,000
Gross Profit: £323,000
Adjusted Net Profit: £165,000
Over 37 years trading
2 superbly presented websites
Substantial forward order book
Long established trade relationships
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long-established electrical contractor and solar PV panel installer.
Business Profile:
Nearly 40 years established this specialist electrical contractor provides a vast array of services. Alarm and CCTV installations, electric gate installations and on-going maintenance, Electrical Condition Reporting for domestic, commercial and the Private rental Sector, fire alarms and emergency lighting, PAT testing and all electrical installation and repairs. They are also very respected solar PV and battery storage installers registered since 2010.
Customer Service:
The business prides itself on exemplary customer service. This is borne out by a significant number of very positive testimonials, examples of which can be seen on both websites.
Key Strengths:
A long time established business with an exceptional professional reputation. Owner managed with five experienced, trusted staff members. The business benefits from strong organic growth and recommendations.
Financial Performance:
The goodwill in 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 c. £660,000
Gross Profit c. £323,000
Adjusted Net Profit c. £165,000
Asking Price:
The Asking price of £475,000 plus net assets is for 100% of the issued share capital of the company. Assuming net assets of £35.000 (mainly vehicles) at completion (calculated on a zero cash-zero debt basis).
Reason for Sale:
Retirement.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Long Time Established Electrical Contractors and Solar PV Panel Installers - GJ039 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.