Total of 18656 firms and businesses for sale today Tuesday 16th April 2024
Sold. Electrical Contractor
LISTING DETAILS
Firms For Sale ID:
34523
Vendor reference:
GK270
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£60,000
Turnover / revenue:
£410,000
Net profit / cashflow:
Undisclosed
Years established:
36
Number of employees:
2
Employees / staffing:
Both shareholders work part time in the business. They have 2 further self-employed sub-contractors who have been with the company for a minimum of 15 years plus they have access to additional contractors who they can call upon, as and when required.
OTHER DETAILS
Reason for selling:
Genuine retirement.
Support and training:
The owner/s would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business is run from offices of c. 600 sq.ft. on a small industrial estate in North West London, with the added benefit of separate storage space on site. However, the business is relocatable within the region.
BUSINESS DESCRIPTION
Electrical Contractor
Ref. GK270
Location : North West London
Asking Price : GBP 60,000
This well-established business has been successfully trading since the early 80s under the stewardship of one of the current shareholders, who subsequently joined forces with the other. Their combined knowledge, expertise and experience helped win and retain a loyal following of customers and attract the right caliber of sub contractors to carry the companys good name. The company is now very well positioned in the region as a well-respected Electrical Contractor to builders and developers alike. The customer base is loyal, such is the reputation this business has secured.
The companys aim is to provide a first class installation, staying within the brief but adding value wherever possible.
The business is well established and easy to run with no bad debts and a good cash flow. There is continual work in progress with good growth over the past few years. This is an excellent opportunity for new owners to take over the existing business and obtain their database of regular repeat high profile clients, which the company has secured.
The business would certainly benefit from a new injection of energy and business acumen to maximise the many opportunities at its disposal. Through choice, the vendors have been selective about the volume of work they have taken on over the last few years.
Expansion Potential
This is an outstanding opportunity to build on the effort and goodwill that has been put into this company and take advantage of the growth in the housing market. With strong demand forecast for their services over the coming years the company are primed to increase turnover and profits. New owners with fresh ideas and enthusiasm will be able to take advantage of the opportunities available.
The owners have been happy with the amount of business coming in to the company over the past few years, however they believe that the business could easily accelerate the growth curve if new avenues of opportunity were explored.
The company would benefit from marketing its services more proactively. All work comes from word of mouth recommendations and referrals.
Market / Competition / Non-Competition Agreements
The company has a basic yet informative website but besides that it currently carries out no other forms of marketing.