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CONFIDENTIAL
FOR SALE
644699
GK299 / Rightbiz
Commercial Electricians
Specialising in Commercial, Design, Installation and Consultancy
Leasehold
Location: South West
Asking Price: £387,000
Asking price includes:
Turnover of circa £1.82 million p.a.
Gross Profits circa c£355k p.a.
Adj. EBITDA of c£100,000 p.a. after owners’ replacement costs
Net Assets circa £87,000 (inc. stock, plant and machinery, f&f)
Superb reputation
Highly Industry Accredited
46 years of historical trading
Impressive/growing client base
Highly regarded trading name, with the strength of testimonials and referrals
Long-standing high-profile client base
Existing and future client base available for growth
Training and handover
Website
Goodwill
Business Profile:
The business is a long-established NICEIC approved electrical contracting business based in the west country. It offers a wide range of services, which include commercial & industrial electrical installations, electrical maintenance works, design and build projects, lighting design and installation and switchgear upgrades.
This business sale represents a fantastic opportunity to enter a growth market with limited competition in both the existing electrical industry and the renewable energy industry.
The company has a wide range of technical knowledge and offers completed design, installation and maintenance packages. The ability to offer such a range of solutions gives the company a balanced set of income streams.
Equipment/Facilities:
All equipment, fixtures and fittings are included within the sales price. The company will have a net asset position at completion of circa £87,000 made up of fixtures and fittings, plant, equipment, stock, debtors and creditors. There will be a £ for £ adjustment to the final sale price to reflect any movement away from this net asset position.
Customers
The company has a wide range of commercial customers and has high levels of client retention due to their exceptional knowledge and the ability to offer a multi tech approach. The reputation of the business has created a strong level of referred business and repeat business is very common.
Customer Service:
This is a key area of strength for this business. The company has a very high level of customer service and enjoys the excellent client retention that this brings. It is a quality driven organisation and has been selective in partnering, with high quality supply partners. It has a superb level of technical expertise and industry knowledge.
The company reputation is backed up with the following accreditations and memberships.
Key Strengths:
The company is financially stable and operates from ideal premises. It is growing year on year in terms of customers and financial performance, and it consistently generates impressive profits.
The business is a multi-skilled operation that can undertake a large variety of projects due to the impressive infrastructure it has in place. It has many offerings and generates multiple revenues streams. The internal skills are high, and the company’s reputation is very strong.
The company has a good online presence with a website and use of search engine optimisation to raise their profile with new potential clients.
The company has earned an outstanding reputation for its honesty, integrity, technical ability, service and reliability.
Growth and Expansion:
The renewable energy market is seeing strong growth at present, and this is expected to continue in the short, medium and long term in light of rising costs for traditional fuels, dwindling supplies and environmental pressures. This business is ideally positioned to take full advantage of this.
The renewables sector will continue to develop and grow as acceptability and dependency on fossil fuel declines. Governmental strategies will continue to support this sector going forward.
Key Opportunities:
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's services, a new owner contributing more resource and energy will have every advantage of building on an excellent platform. This business is well established and all indicators suggest the business is ideally positioned for its revenues to continue to grow significantly in the coming years.
Further development of the digital presence and database analysis/marketing will naturally create more opportunities, as will securing added value from its existing client base.
As more businesses recognise the benefit of control of their energy costs, the outlook for B2B sales are strong and the company has an excellent track record of retaining Business clients after consultation.
Advertising and Marketing:
The business has a highly informative website and has a very strong referral network and repeat business is commonplace.
Employees:
The two shareholders/directors work in the business on a day-to-day basis. The business employs a full-time staff of 14 including overseeing contracts managers.
Business Hours:
0730-1700 Monday to Friday
Premises:
The business operates from a facility of 159 square metres providing storage and car park. The current lease expired in 2021 (negotiable) and the rent is circa £14,000 p.a.
The premises are owned by the shareholders.
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.
The 2024-25 Accounts show turnover c£1.8 million pa Gross Profits circa £300kpa. and EBITDA of circa £100,000 p.a. after replacement costs of the two owners.
The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £87,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.
Reason for Sale:
The owners are planning their exit strategy due to pending semi-retirement.
Support and Training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transition of ownership. This should be a relatively seamless process as the remaining Technical staff have excellent knowledge.
The vendors are prepared to stay on within the business for a further period of time as consultants should a new owner so require, subject to negotiation.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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