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Oil & Gas Boiler Service, Repair & Installation Company Relocatable

Undisclosed, Relocatable
Asking Price:
£500,000
Status
FOR SALE
Advert ID
227735
Reference
AL247 / Rightbiz

Oil & Gas Boiler Service, Repair & Installation Company
Extremely loyal South Oxfordshire & Berkshire client database
Ref. AL247
Location : Oxfordshire Relocatable
Asking Price : £500,000 Inc. vehicle asset

This well known and respected business was founded by the vendor in 1988 after a successful period as an employed engineer, and provides specialist oil boiler maintenance and installation services, to clients and customers primarily in the South Oxfordshire and West Berkshire areas.

The firm has developed, over time, long term relationships with larger customers with multiple units, requiring regular maintenance and servicing, along with many other domestic customers requiring services for a single home unit – of course, there are the many call-outs during the Winter months when customers find themselves running out of oil and needing emergency attention.

Business engineering and service activities are managed by the vendor; this is an owner-managed business and would suit either an individual engineer seeking the ideal opportunity to take advantage of a turn-key business, with an enviable customer base, in an affluent part of the UK; or a similar business in the area looking for the simplest of added turnover and profit to their own activities.

The company has become known as a reliable, quality-focused, service provider with particular expertise in oil boilers, where the focus is on a complete understanding of the special requirements of domestic oil appliances. Similarly these company traits serve just as well for the other areas of business, which is in the servicing and repair of gas appliances.

There is some small amount of sub-contracted installation work.

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

All customers are managed through Microsoft Project database.

Key Strengths:

The business has many strengths including

• Business process
• Higher than average margins
• 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 by employing suitable staff 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 2018 circa £372,000 Ex VAT
Net Profit circa £193,000 before Director’s drawings
Vehicle asset circa £10,000

Asking Price:

The Asking Price of £500,000 including net assets is for 100% of the interest of the company, assuming Net Assets of circa £10,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £10,000 at completion.

Advertising and Marketing:

The company carries out no marketing activities.

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 home office.

Business Hours:

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

Employees:

The business employs a reliable team of sub-contractors for appliance installations.

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: £500,000
Tenure: Other
Location: Undisclosed, Relocatable
Sector: Energy Businesses, Home & Garden
Financials
Annual Turnover: £372,000
Annual Net Profit: £193,000
Key Features
  • Attractive Business
  • Home Based
  • Established Business
  • Company for Sale
  • Retirement Sale
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: AL247 / Rightbiz
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