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South East England-Based Commercial and Industrial Electrical Contractor with Growth Potential for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    16/05/24

  • Advert ID

    611415

  • Reference

    155998 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £2,600,000 (£50,000 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

A commercial and industrial electrical contractor based in South East England

The company is a commercial and industrial electrical contractor carrying out projects for local authority and public sector clients in London and South East England.

Benefitting from an excellent reputation within its sectors, the company carries out work on a wide range of projects, including on heritage buildings and in busy live environments.

At present, the company is working with 18 clients, all of which provide regular repeat business, with some relationships spanning multiple decades.

The shareholders are offering the business for sale to facilitate their retirement.

Offers invited.

Key Highlights

- Offers a comprehensive turnkey service from concept to completion, delivering high-quality electrical installations on time and within budget.

- Services are tailored towards the precise needs of individual clients, including for projects on buildings of all sizes, heritage sites, and live environments such as fire stations.

- Caters to a broad range of sectors, with clients including local authorities, healthcare providers, schools, the emergency services and private landlords.

-  Experienced second-tier management team in place.

- Operates from leasehold premises.

- Growth is expected to come from the increased demand for renewable energy, with scope to further promote the company’s services in this area.

Financial Highlights

- Turnover of £2.6m, with an adjusted EBITDA of £293k.

-  Pipeline of confirmed and ongoing work is currently valued at £950k, with scope to gain business worth up to £4.9m from outstanding quotes.

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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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.

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

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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.

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

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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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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 'A commercial and industrial electrical contractor based in South East England - 155998 / 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.