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BUSINESS REFERENCE : GK141 / RightBiz GK141-WARWICKSHIRE-£800,000-ELECTRICAL CONTRACTORS | | | | | | Electrical Contractors Design and build packages for all types of building in the commercial and domestic sector Confidentially offered for sale Ref No: GK141 Location: Warwickshire Asking price: £800,000 | | | BUSINESS LOCATION: | Undisclosed Warwickshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SELLER: | Agent Sale | LEASEHOLD: | £800000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business carries out electrical installations, testing and certification on all types of premises. Under current ownership since inception in 1998, the business was established when the owner saw an opportunity in the market to carry out large works for a National Hotel Chain and has seen continuous growth over the last ten years.
Having been established for eleven years this business has experience in every aspect of electrical engineering, undertaking works that vary from minor, maintenance and repairs to complete design and installation projects for major contractors and blue-chip companies.
The business is competitive and adaptable with a personal touch from all employees who believe in teamwork and are in the majority all long serving staff.
The range of products of this business includes Fire Detection and Alarm, Security & CCTV, Emergency Lighting, Domestic Installations, Industrial Installations, Commercial Installations and the provision of technical reports. It has particular Ability to deliver on time to a high standard of workmanship and within budget and an Honest reliable approach to customers with a Commitment to deliver on budget achieving complete projects against difficult deadlines, where this business is particularly well known.
The company has invested in an “INHOUSE” CAD (computer aided design) facility which includes terminal, up to date software and colour plotter. The CAD facilities provide the capability for the company to provide CAD drawings to scale and could provide further business opportunities.
As Investors in people the business has an excellent training program in partnership with local colleges. These efforts in training give the company a competitive advantage with retained trainees all competent in lots of aspects of electrical contracting.
Over the years this business has built up and maintained a prestigious client base across a wide section of the industry with its ultimate Clients including multi-national organisations, local authorities, consulting engineers and major specifiers.
This business’s commitment to quality and safety is paramount. All work is carried out to the highest standards and all materials and accessories are quality approved and comply with the relevant BS codes. All work is certificated in compliance with NICEIC guidelines, guaranteeing a high level of workmanship. The business employs a Health & Safety Consultant and has its own Health & Safety manuals and processes in place, including producing its own Risk Assessments and method statements.
With turnover of approximately £3Million, generating gross profits of £325,000 and a forward order book, this business represents a significant opportunity to acquire an extremely well run and profitable business.
Products:
· Fire Detection and Alarm
· Security & CCTV
· Emergency Lighting
· Domestic Installations
· Industrial Installations
· Commercial Installations
Clients:
The Company are proud to work with a wide range of clients across many industries. In each case, the Company seeks to build a long-term relationship based on trust, reliability and support. The workforce invests time getting to know and understand a business in order to maximise any added value.
Quality Assurance:
The business is a member of the NICEIC (National Inspection Council for Electrical Installation Contracting) and is often placed on preferred tender lists because of the high regard in which it is held.
Membership of this body, and an efficient well organised management, ensures that the company meets the required standards to trade and that customers gets a high quality standard of workmanship and service.
IT systems
The business has invested in the latest computer technology and uses the most up to date software to produce accurate estimates very quickly. Software includes Sage Line 50, Sage payroll, Autocad 2007, Amtech and Luckins estimating. The in-house design department produces all types of drawings in all formats for clients. All drawings are produced to scale.
Customer Service:
The business aims to give a more personal level of service to clients, and feel that the most important asset to the company is the customer, the priority being to give a helpful and responsive service.
The company is committed to providing services of the highest quality, which keeps the business at the forefront of its field. Tender returns are reliable and professionally presented and the business is very competitive with solid accounts management.
A measure of the success achieved by the company is this excellent business relationship it holds with many clients, which generates regular customers and repeat business.
Key Strengths:
With over 11 years of experience in the industry this business has established an enviable reputation for competitive pricing and high levels of Client service. This business clearly understands the mechanics of a project and prides itself on ‘instant turnarounds’ – ensuring staff and materials are on site at the earliest opportunity and that sufficient resources are available to complete a project promptly – even to the tightest of deadlines.
The primary key strength is the specialist knowledge and expertise of the staff in their fulfilment of projects. This experience adds further value to the business through cost controls in wastage and the speed of project completions, this has lead to a considerable reputation within the industry for honesty, reliability, value, expertise and speed.
The business has an excellent, loyal team of highly skilled staff with high levels of technical expertise. It has adopted a pro-active, collaborative approach working with Clients rather than for Clients, offering good engineering at a competitive price – finding alternative solutions where necessary to maintain cost effectiveness. It is the nature of the business that once contract negotiations have been completed projects are very fast moving and this business is geared up to cope far better than most – not being satisfied until the whole project is handed over satisfactorily including documents, manuals, drawings etc.
This is an extremely well run business, growth has been steady and well managed.
Key Opportunities:
There is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing additional resources such as formally qualified
Administration processes, could make business more efficient to build on an already excellent platform.
This business has established contacts across an extensive Client base – having successfully completed initial projects for a number of Clients. Significant increases in turnover and profitability are available simply by more effectively farming the existing Client base.
Employees:
The most important resource of any business is its people. The owners are responsible for the day-to-day management of the business, supported by approximately 40 administration staff and fully trained, very experienced, highly skilled and qualified engineers. The workforce and administrative staff have worked for the business for a number of years and are efficient, helpful and friendly whilst maintaining a professional attitude and high standard of workmanship at all times.
Advertising and Marketing:
Having established its sterling reputation some years ago, a high proportion of the business's revenue has been due to its excellent reputation for quality and service, the business regards its existing clients as its best advertisers and maintains and impressive base of repeat clients, whilst continuing to attract new referrals. Along with this there is a constant ongoing review of where they need to be in a changing market to keep them in the front of new potential clients. A company website is currently under construction, the owners recognise that investment in a company website will be a valuable asset and should generate more business. Other advertising includes advertisements in Yellow pages, a direct sales force, Yell.com, Thompson Directory and leaflets and brochures. The business has an excellent company brochure that highlights the company and its products.
Premises:
The premises are circa 4000 sq ft. and comprise of office and stores, workshop and car parking. The premises are leasehold with five years remaining (2013). Rent is circa £3,750.00 per quarter (£15,000 per annum) with service charge of £300.00 per quarter.
Security:
The premises are fully secures as would be expected for a company of this calibre.
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.
Turnover for 2007 was in excess of £3,109,000, Gross Profit circa £325,700 and Gross Margin 10.5%.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and since inception has shown consistent high growth.
Reason for Sale:
Retirement / moving abroad
Support and Training
Full support and training will be provided for a period of time to be negotiated prior to the sale. | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | GK141 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
