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BUSINESS REFERENCE : IQ007 / RightBiz ELECTRICAL EQUIPMENT SALES, CALIBRATION, TEST & REPAIR COMPANY | | | | | | Electrical Equipment Sales, Calibration, Test & Repair Company Confidentially offered for sale Ref No: IQ007 Location: Staffordshire Asking price: £200,000 inc. assets | | | BUSINESS LOCATION: | Undisclosed Staffordshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | LEASEHOLD: | £200000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business, set up back in 2001, is an independent company specialising in all aspects of testing equipment. They supply a vast range of test & measurement products from PAT Testers to high voltage equipment. In addition to this the company also offers a comprehensive repair and calibration service programme.
The company is proud to supply all makes and models of Portable Appliance Testing and Installation Testing equipment from some of the worlds best known manufacturers, including Megger, Robin Seaward ,Martindale, Kewtech, Alphatek Kane, ETI and Transmille.
With their vast levels of knowledge and experience the business ensures clients get the right instrument for the job. The company also gives advice on which instruments comply with the latest regulations and keep customers fully up to speed with industry developments. Because of this the company is also able to provide the following range of products which it sources direct from leading manaufacturers.
· Multimeters
· Clampeters
· HV Testers
· Earth Testers
· Energy Analysers
· Cable Detectors
· Thermometers
· Data Loggers
· Microwave Leakage Detectors
· Light / Sound Level Meters
· Gas Detectors
· Combustion Analysers
· LAN Testers
It addition to the supply of products the business is able to offer a complete package for maintaining and logging customers equipment by offering all the top software packages enabling client’s to fulfil their record keeping obligations. This also includes help with installation, training and data transferal.
This is done by supplying a full range of high quality inspection & testing labels and barcodes for all applications including PAT testing and asset tracking. Labels can be produced in a variety of different materials and colours can even be produced to custom design if so required.
The business also offers a comprehensive calibration service for client’s instruments and tools including a truly nationwide collection and delivery service. For customers who cannot free their instruments for calibration during the working week the company offers an on-site calibration service where the instruments are calibrated on site on the same day as well as an out of hours weekend service.
As part of this programme the business notifies customers automatically when their instruments are due for calibration maximising revenue opportunities and ensuring complete customer satisfaction. When defects are found with equipment the company is able to carry out the necessary repairs.
The business also provides training services to customers. These specialist courses and seminars are in the field of appliance testing. Courses can be held on customer premises and are tailored to their specific requirements. All courses include full training notes and certificates.
Equipment:
Extensive range of calibration equipment (circa £20,000)
Fulll Bespoke CRM Software Programme
Sage Accounting
Company Van
Customer Service:
People find it frustrating to deal with a number of different people in order to get the service they want. This business understands that and works very hard on its customer relationships. By spending time understanding customer problems this business puts forward effective solutions making sure that customer retention levels are very impressive. This is backed up by ISO9001 registration and investment in an up to date and effective Customer Relationship Management (CRM) programme.
Key Strengths:
The business has built truly effective and unique software based maintenance and management programmes to ensure it can provide the best services to its clients, whether it be sales, calibration, repairs, maintenance or even training. This comprehensive solutions approach gives them a real edge in the market and is the reason why they have a very impressive client list in both the public and private sector. The business has over 400 customers nationwide, many of whom are large blue chip organisations.
Growth and Expansion:
Opportunities for growth would include the development of a proactive sales and marketing programme for NEW customers, especially within the South East as well as web based marketing to further encourage National growth. The market this business serves is vast and continues to grow. This business is ideally positioned to maximise such growth with the aid of some new business acumen and fresh approaches.
Key Opportunities:
This is an excellent opportunity for an existing organisation to expand into this area or for an energetic individual who is currently working in the industry. The company represents a significant opportunity to acquire a highly profitable business with a capacity for further growth and a sterling reputation in the market.
Employees:
As well as the owner who works full time within the business, mainly on sales and training side of things the business also employs a full time calibration engineer, two full time sales people (internal and external duties) and a part time office manager. The business also has at its disposal several sub contractors for those customer repairs currently outside their areas of expertise.
Advertising and Marketing:
The business has never felt the need to advertise in the past and there are excellent opportunities to increase this and market the business more aggressively. A large percentage of clients derive from recommendations and the business has surpassed growth expectations bearing testimony to the excellent reputation the business has earned since inception. The business has developed a highly informative website which allows for purchases of equipment securely online. In saying that, this still represents an area for development in the form of web marketing.
Premises:
The business currently rents offices in a modern multi-occupancy building on a well known business park. It comprise 3 separate units, two being dedicated offices- general and sales(each one circa 450 square feet) with the third being a workshop (circa 450 square feet). Rent is £500 per month.
Business Hours:
Monday to Friday 0900-1700
Also provides out of hours repair and calibration services as necessary.
Security:
The business is based within a multi-occupancy building that has controlled access, alarms and CCTV in operation.
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 financial stability of the company has been central to the success of the business and continues to be so with consistent growth in profits since inception.
The turnover for the current year is circa £280,000 giving a resultant gross profit of £160,000 and equally impressive net profits. The vendor feels that a new owner with new ideas and a new injection of energy could build further on this success story and increase its revenues still further by fully exploiting the opportunities available.
Support and Training
The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IQ007 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
