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With over 40 years of experience, this established electrical contracting business has built a solid foundation in providing services across all sectors, including domestic, industrial, and commercial. The company has secured a large, ongoing eight-year contract with the Distribution Network Operator (DNO), ensuring a stable income stream. Additionally, it holds contracts with five councils and various colleges, further solidifying its reputable standing in the industry.
The business boasts a loyal customer base, characterised by regular repeat clients who value the company’s reliable service. This recurring clientele is complemented by strong customer relationship management, leading to impressive testimonials and a reputation-driven business model that prioritises compliance and quality. The firm prides itself on having a robust market position and a sustainable project portfolio, with a healthy forward order book to support future growth.
Despite the consistent turnover and strong annual performance, the owner is seeking to sell the business primarily as a result of retirement plans. With a team of 40 skilled employees, the company is well-equipped to continue operations smoothly under new ownership. A transition support package is available to ease the handover process, along with training opportunities that ensure the new owners can seamlessly integrate into the business.
Key Advantages of the Business
This electrical contracting firm offers an exceptional range of advantages for potential buyers, including:
This is an outstanding opportunity for prospective buyers looking to acquire a well-established and reputable electrical contracting business, enriched by decades of expertise and a sustainable financial performance. With strong market positioning and an experienced workforce, the transition promises to be smooth, making it an enticing proposition for those looking to enter or expand in the electrical services sector.
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
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