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Finance And Services:

Business For Sale. Commercial/industrial Heating & Ventilation Company Gas Safe/besa

LISTING DETAILS
Firms For Sale ID:
35071
Vendor reference:
GJ037
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£139,000  
Turnover / revenue:
£405,000
Net profit / cashflow:
Undisclosed
Years established:
27
Trading hours:
Mon Thurs - 8.00am 4.30pm Fri- 8.00am -2.30pm
Number of employees:
4
Employees / staffing:
The vendor has built a team that means he no longer requires being involved in the business on a day to day basis. The business employs a full time Operations Director (non-shareholder), 2 full time Gas Engineers and a full time Office Manager. The business is relatively simple to run. Staff are a real asset and can multi-task and complete a variety of tasks.

OTHER DETAILS
Support and training:
The current owner would be happy to provide full support at handover. The full time staff would make the transistion relatively straightforward as the vendor is very much part time (one day a week) and not involved in the busienss on a day to day basis.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from leasehold premises located on a well-known industrial estate with excellent access to the road network. Circa 2000 square feet unit housing offices, store and workshop (Built circa 1982). We are advised the vendors pensions fund owns the property so a new lease agreement would be made available subject to negotiation. Relocation would not be an issue should a new owner so require. Current rent is circa 12,000 p.a. We are advised the business benefits from small business rates relief.
 
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BUSINESS DESCRIPTION
Commercial/Industrial Heating & Ventilation Company
Gas Safe/BESA
Ref. GJ037
Location : Nr. Glasgow, Lanarkshire, Scotland
Asking Price : 139,000 (Inc. Net Assets)
This well managed business was set up by the current vendor some 27 years ago and has established itself as a highly reputable and trustworthy business, providing a combination of heating, gas fitting and ventilation services to the commercial and industrial markets in and around the Glasgow/Edinburgh Region. The business is fully certified to carry out works on site and has Gas Safe accreditation, so is able to provide a complete turnkey solution to its clients providing a comprehensive range of services, whether it be a new installation or repair and/or maintenance.
The company provides services primarily to the commercial market and has a very impressive regular customer base. Clients are typically based locally, nevertheless, the business does offer services to some clients further afield if so required. Typical clients include local authorities (for whom they are an approved contractor so no tendering is required for many of the works), schools, colleges and private companies. The majority of revenues (circa 70%) come from the public sector.
The business has worked on some large high profile projects over the years and continually has the opportunity to bid for works that could significantly increase its current turnover. The business enjoys very high levels of repeat business and has a loyal customer base due to the quality of its customer service. The company is known for its professional attitude hence its high levels of customer retention.

Expansion Potential
The business has had regular revenue streams to date. Further investment and expansion would offer potential for the business to expand its operation further with a more proactive approach to sales. The vendor has never really looked for work and concentrates on his core client base. A new owner with larger infrastructure could certainly target larger projects relatively easily. They could also look to introduce maintenance contracts and emergency call out services if so required.

Market / Competition / Non-Competition Agreements
The business does very little in the way of self-promotion and marketing, preferring to rely on repeat business and referrals to generate sales. However it does have its own basic website and listing in BESA Year Book, Gas Safe and Yellow Pages.