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Relocatable Independent Electrical Services Company

South Croydon, London
Status
FOR SALE
Advert ID
247728
Reference
B05469 / Rightbiz
Asking Price: £199,950
Annual Turnover: £215,000
Business
Hilton Smythe are privileged to present to the market Fusion Electrical Services, a highly regarded independent electrical services company established by our client in 2006 who due to the growing demand of his other business interests has decided to sell.

We are informed there will be a full handover period offered and any new owner will benefit from the extensive database of 4,000 clients included in the sale.

The business has been approached directly, and is an approved dealer of Tesla Batteries.

90% of the work undertaken covers the vibrant Domestic market with 10% derived from Commercial customers.

Fusion Electrical offers the following services -

  • Electrical.
  • Fire Alarm.
  • Solar Panels.
  • Solar Maintenance and Repairs.
  • Car charging.
  • Security and Access Controls.
  • Cabling Services.
All work carried out is registered with the NICEIC as an Approved contractor and as a Domestic installer.

What makes the business successful is the transparency and upfront fixed pricing structure which is clearly shown in the well-designed website. Our client is clearly focused on offering excellent customer service, reliable installation times and high quality of their work. 99% of customer enquiries through the website are confident the price quoted will be the price they will pay!

The business is enjoying a 38% turnover increase in the previous year and we are informed the first quarter of the current year is also showing an increase of 15%

All the electricians are fully employed by our client who ensures their training and knowledge are regularly tested and improved as their career develops with the business.

Our client personally carries out all of the jobs quoted for and admits because he does not work full time in the business, declines many of the quote requests simply due to limitations on his workload. He currently carries out between 5-6 quotes per week which achieves a 75% conversion into the business workload.

Currently our client employs a full time Admin person who manages the workloads of the field team, any new owner could emit this from the business model, instantly saving on unnecessary labour costs and profit potential.

We believe any new owner or owners who are trained electricians could look at any of the following areas so instantly improve both turnover and profit -

  • New owner / electricians.
  • Offer fire maintenance certificates.
  • Offer landlord inspection / electrical certificate.
  • Increase solar work.
  • Adopt more advertising including social media.
  • Increase covered area.
  • Carry out more requests for quotes.
  • Increase car charging installation and maintenance.
  • Extend working hours.


Location
Fusion Electrical Services is being sold as a fully relocatable business opportunity.

The business is run from our client’s home office and predominantly covers the Croydon and Bromley areas of South East London/ Kent borders.

Croydon is the largest Town in South-east London enjoying significant investment from both new retail/ commercial developments and the hundreds of new and exciting residential developments now appearing.

The increased investment is resulting in more people living in both the Town centre and the surrounding areas, eager Landlords are looking to upgrade and develop properties to cater for the growing rental market which directly affects the demand for our client’s services.

Any new buyer would be best suited to be located within this core area however any existing company / independent would be attracted by this opportunity as a ‘add on business’ acquisition.



Premises
3 x fully secured Peugeot vans.



Tenure
Business only.



Hours
MONDAY TO FRIDAY 8.00 - 5.00 pm



Staff
The business is run and managed by our client (part time) with 1 admin member of the team and 2 employed electricians.



Financial Profile
The 2019 accounts will show a turnover in excess of £200,000 with a gross profit of £100,000 and an adjusted net profit in the region of £82,000.



Listing Details
Location: South Croydon, London
Sector: Electrical Retailers
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Advert Reference: B05469 / Rightbiz

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