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Business For Sale. Niceic Accredited Electrical Contracting Company Industrial, Commercial & Domestic

LISTING DETAILS
Firms For Sale ID:
34949
Vendor reference:
GK280
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£250,000  
Turnover / revenue:
£813,000
Net profit / cashflow:
Undisclosed
Years established:
120
Trading hours:
0800 1630 Monday Thursday 0800 1530 Friday
Number of employees:
11
Employees / staffing:
This is a family run business with just two of the directors working full time both are office based. The business has key staff in place including Operations Manager (full time) 7 Electricians (full time) 3 Administrators (all part time)

OTHER DETAILS
Reason for selling:
Retirement
Support and training:
The vendor would be happy to provide a comprehensive handover as required.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a large rented two-storey workshop/warehouse ideally located to serve the region. Premises are secure. It also has additional storage units. Current rent is circa GBP 9,000 p.a. renewed annually. Business is currently being sold as leasehold or relocatable but we are advised the freehold could also be made available to a new owner if so required.
 
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BUSINESS DESCRIPTION
NICEIC Accredited Electrical Contracting Company
Industrial, Commercial & Domestic
Ref. GK280
Location : Teesside/County Durham
Asking Price : GBP 250,000
This Electrical Contracting Specialist was established some 120 years ago. In that time it has positioned itself as a first class supplier of Electrical Contracting Services across the North East of England, operating mainly within the domestic sectors, and to a lesser extent commercial and industrial.
Fully NICEIC approved (both contractor and domestic level) this business provides a comprehensive range of electrical services to some of the largest organisations in the region including councils, schools and housing associations, who are responsible for large volumes of housing stock. In addition to this it also provides domestic electrical services and to a much lesser extent industrial services (circa 5% of current revenues) to customers.
The company employs an experienced and highly professional workforce capable of managing and undertaking all sizes of projects from conception to full implementation and ongoing maintenance.
Approximately 95% of current business is from a core of repeat customers, many of whom have ongoing contracts in place, who value this business exceptional levels of service developed over the 120 years of its operation. Staff understands the need to be 100% reliable and this has helped the business develop many long term client relationships. This business commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant BS codes. Staff are highly qualified, technically very adept, highly motivated and take pride in their work. This ensures the job is always completed to meet the most exacting customer requirements. As part of this the business is proud to hold the Investors In People.
This is an excellent opportunity to acquire a long established, extremely well run and profitable, electrical contracting business with a very significant customer base. The business has achieved similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.

Expansion Potential
With an enviable reputation within the industry and renowned for always meeting if not exceeding Client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. With increasing demand for its services, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform and taking this business through its next period of sustained growth.
There are several opportunities to grow the business. The industrial sector is also an area for growth as is further development of on site testing, landlord inspections and fire alarm installation services.
The current owners have never promoted the company. Further marketing would certainly increase activity as the business has all the infrastructure in place in terms of accreditations and staff.

Market / Competition / Non-Competition Agreements
The business does no advertising in the traditional sense. It does have a very basic website and receives exposure through its memberships and accreditations but prefers to rely on word of mouth, referrals and exceptionally high levels of repeat business to generate revenues.