Domestic Electrical Contractor Sales & Repair Service For Sale

Business description

This established business has been operating for over twenty-one years. A true success story, this profitable, high profile electrical contractor provides a versatile repertoire of domestic services. The business offers a full range of electrical services, carried out by skilled, qualified electricians who are equipped with fully stocked vans.

All aspects of electrical work are undertaken for mainly domestic customers. The business has five vans, and conducts Amtec testing. In terms of software the business has VTR accounts. This is an excellent opportunity to acquire a well established Electrical Company with and strong reputation for quality and service. There is significant repeat business and a diverse range of customers, both domestic and commercial.

The business which is run and managed by the owner achieves a very respectful annual turnover of £461,000. This is derived from offering a variety of electrical goods and accessories together with a servicing and repairs facility which specialises in white goods such are lamps etc. All work is carried out in compliance with NICEIC (National Inspection Council for Electrical Installation Contracting) guidelines, guaranteeing a high level of workmanship.

The business prides itself on a friendly, first class service, being big enough to cope and small enough to care and offers the new buyer or investor a superb operation that is fully insured to carry out all types of work and contracts. This is not an opportunity to be missed, this highly profitable long standing business is a turnkey operation which has great potential and already has a reputable name to it.

This business's commitment to quality and safety is paramount. All work is carried out to the highest standards and all materials and accessories are quality approved. This is the perfect opportunity for a business to expand its existing operation by acquisition or for an individual to buy a business in a prime position for growth and expansion based on rock solid commercial foundations.

Equipment:

The company owns and maintains all necessary machinery, tools and vehicles to undertake the levels of quality work it attracts

Customer Service:

The business benefits from a large quantity of repeat business from happy customers and has maintained high levels of customer service. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.

Key Strengths:

The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.

The business has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.

The key to the company's consistent growth, profits and success lies in its proven strategy to differentiate itself from the competitors with a superior service.

There are a number of obvious strengths to this established company including the strong client base, which provides continual repeat contracts, the longevity of trading, which has helped in building the excellent reputation for the business.

Key Opportunities:

Personal, dependable service has brought growth and expansion, but the company policy is still focused on a continued commitment to provide high quality service to customers.

The business has carried out minimal advertising activity, with a strong demand for existing services, due to an excellent track record; there is capacity to increase the turnover and profitability. A new owner would contribute fresh ideas and energy to expand on this excellent foundation.

The sale of this business presents a rare opportunity to acquire an extremely well organised and highly successful business.

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 business is financially stable with low overheads, positive cash flow, high gross and high net profit and has shown consistent growth over its twenty one years of business. Current Turnover is circa £461,000 per annum with an adjusted net profit of £117,000.

Property information

Property:

Leasehold

Lease terms:

The current rent payable for the premises is £5040 per annual.

Location:

The premises are leasehold, there are currently five years remaining on the lease. The leasehold is renewable. The business runs from a retail shop with an office and storage on the same premises. This is situated on the main street of the bust city. The current rent payable for the premises is £5040 per annual.

Business Operation

Competition / Market:

Advertising has included yellow pages; with a high proportion of the business’s revenue being due to strong word of mouth recommendation, bearing testimony to the excellent reputation it has throughout the industry. The business would however benefit from marketing activities in the local area. There is no reason why a new owner with a new sales and marketing campaign could not significantly increase revenues and attract new clients. There are many opportunities to market the business further.

Reasons for selling:

After over twenty happy, prosperous years in this business, the owner now wishes to pursue other business commitments.

Trading hours:

The business is open for trading from Monday to Friday from 8.00am to 6.00pm.

Employees:

There are currently eight full time employees.

Other information

Support & training:

The business runs smoothly and is simple to administrate. The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.