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Electrical Contracting Company Specialist providers to the Film Industry

Undisclosed, Relocatable
Asking Price:
£105,000
Status
FOR SALE
Advert ID
216157
Reference
CR211 / Rightbiz

Electrical Contracting Company
Specialist providers to the Film Industry
Ref. CR211
Location : NW London Relocatable
Asking Price : £105,000

This well known and respected business was founded by the vendor in 1980 after a successful period as an independent electrician, and provides electrical maintenance & contracting services and some building services, to clients and customers primarily in the North and West areas of London. The firm has developed, over time, long term commercial relationships with large firms in the Film Industry and has become relied upon for their specialist knowledge in dealing proficiently with the very particular needs of that sector.

The company employs a highly skilled workforce both full time & part time/contract and each project has its own dedicated and highly experienced manager responsible for all matters including, job scope, materials supply to site, people and client/customer matters. This approach to such services means that every customer is provided professional attention and is always kept up to date with job progress, right to the finish.

The company has become known as a reliable, quality-focused, contractor with particular expertise in the Film Industry where the focus is on a complete understanding of the nature of that industry and for the efficient and prompt solving of electrical and building issues. Similarly these company traits serve just as well for the other key area of business, which is in the maintenance of Marinas.

There is some small amount of work in non-specific, commercial sectors.

The business enjoys very strong referral rates and is subject to much more demand for services than can be provided.

Clients:

Clients include well known large Film Industry companies, Marinas and private customers throughout the North and West London areas.

Customer Service:

Clients can be assured of the quality of work that is guaranteed through the accreditations of the Federation of NHBC and NICEIC; all Staff are Qualified to the Highest Standards and Work in Accordance with all the Latest Regulations.

Key Strengths:

The business has many strengths including

• Business process
• Significant lead generation
• Enviable reputation in the region it serves
• Outstanding industry network
• Exceptional levels of service
• Repeat business levels and referrals
• Highly reliable staff

Key Opportunities:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The clearest opportunity to grow the business would be by simply agreeing to the level of demand that the company enjoys and by engaging in specific marketing campaigns backed by its strong reputation.

The market outlook for the business is excellent. With a strong demand for this business’s services a new owner who is capable of instilling additional ideas will have every advantage of building on an excellent platform. The business has reached a crucial stage, whether to invest in bureaucracy and growth or to remain as a reliable cash-cow proposition for the longer term.

This is a unique opportunity to purchase a grown and matured business. It is a well-structured company generating excellent profit margins with excellent growth potential.

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 2017 circa £232,000 Ex VAT
Net Profit circa £65,000 before Director’s drawings

Asking Price:

The Asking Price of £105,000 including net assets is for 100% of the interest of the company.

Advertising and Marketing:

The company has an older but excellent website providing details on the range of services.

A high proportion of the business s revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of private clients, whilst continuing to attract new referrals and recommendations.

Premises:

The business is managed from the vendor’s purpose built home office.

Business Hours:

Usual office hours are Monday – Friday: 8.30am – 5pm

Employees:

The business employs 2x full time self employed staff along with the vendor and a reliable team of sub-contractors in electrical and building trades.

Support and Training:

The vendor is happy to provide support and training for a negotiated period.

Reason for Sale:

The vendor wishes to retire.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Asking Price: £105,000
Tenure: Other
Location: Undisclosed, Relocatable
Sector: Electrician Businesses, Construction Businesses
Key Features
  • Retirement Sale
  • Attractive Business
  • Home Based
  • Company for Sale
  • Established Business
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: CR211 / Rightbiz

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