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Utility Sub metering Specialists, equipment supply, remote reading and pre payment solutions

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Utility Sub-metering Specialists, equipment supply, remote-reading and pre-payment solutions
  • Status

    FOR SALE

  • Date Submitted:

    03/02/20

  • Advert ID

    255604

  • Reference

    95374-581617 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £1,300,000
  • Turnover: £685,200 (£13,177 Per week)
  • Net Profit: £121,000 (18% Profit margin)

Business Details

Utility Sub metering Specialists, equipment supply, remote reading and pre payment solutions

Jan 2022 Update

£685k Turnover 2021 (£583k in 2020)
Increasing client base across new market sectors.
As commercial clients and large property owners seek to manage utility costs better - this sub-metering business has continued to see increased demand and strong growth throughout 2021, with significant increases to both meter sales and recurring revenues from meter management contracts - resulting in increased profit margins and cash generation.

This improved performance is primarily due to the recent strategic investments in R&D to perfect a full suite of quality sub-metering products enabling the company to offer further cost-effective management services to its growing client base by providing efficient 'automated meter-reading' services and also 'prepayment and also cash management services' on all new meter purchases and/or upgrades.

Sub-meter sales and meter management services will continue to grow during 2022 as more and more businesses focus on improving operational and cost control and reducing utility costs. The company already has over 70 ongoing ‘meter management’ contracts in place with further meter management clients/contracts continuing to come on-stream further enhancing recurring revenues and overall profitability.

What's on offer:

A profitable and well-established specialist manufacturing business. Established in 1981 and located in the NW England with national coverage.

Profits have been reinvestment in strategic R&D projects in recent years enabling the business to upgrade its products, offer more comprehensive solutions and generate new revenue streams from its sub-metering product lines.

The business now offers a one-stop-shop service with its comprehensive range of integrated products and services that meet the needs of clients wishing to update and streamline and automate utility management and payments.

Great opportunity for new owners with digital/online technical and marketing expertise to further develop and grow this business.

Unique selling points:

• Skilled and dedicated technical team working to ISO9001 systems

• State of the art product ranges covering electric, gas, water and heat utilities and fully integrated remote meter reading and payment management products.

• Income from product supply & installation plus ‘recurring’ income from ongoing meter reading & payment management contracts.

• Significant growth potential from large commercial and industrial clients now looking to modernise and streamline utility management and payments.

• Intellectual property, branded names and product patents.

• Corporation Tax reductions on profits generated from patents.

• Substantial stock levels and healthy forward order book.

• Strong commercial client base with a national footprint. With growing interest in utility cost management from many new business sectors.

• Well-equipped workshop and warehouse facility with security of tenure.

The sale arises due to owner’s retirement. Seller support available during transition and also on longer term consultancy basis if required.

Key Financials:

Annual turnover: £685k (FY2021)
Sellers Discretionary Earnings: £121k
Premises: Annual Rent £15.3k
Price: £1,300k inc stock at valuation (currently £297k) and Surplus Cash (~£750K)
Employees/Staff: 9

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Utility Sub metering Specialists, equipment supply, remote reading and pre payment solutions - 95374-581617 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.