Electrical Engineering Contractors For Sale

Business description

Sales memorandum
Well-established, Highly Regarded Electrical Engineering Contractors and Associated Services
Confidentially offered for sale
Business Profile:

This established business has been operating for over 25 years. A true success story, this profitable, high profile electrical contractor provides a versatile repertoire of commercial, industrial and residential services.

The services offered are wide and varied and the Company has completed many different projects of various sizes. The business has grown steadily into a respected Company that has gained an excellent reputation for their work, a very high percentage of work comes from personal recommendations from satisfied customers.


The company provides a full design service covering lighting schemes, loadings required, fire alarm installation, emergency and escape lighting, detectors and extinguishers. The strong client base provides constant repeat business from many accounts.

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 in houses, shops, restaurants, pubs, factories and warehouses, taking on very small jobs such as installing an extra socket or larger contracts designing and installing electrics to factories.

The business provides electrical reports for landlords and homebuyers and also specialises in fault finding. The Company is known and trusted for its expertise, reliability and superior wide and varied services it provides customers by day and night.

The Company 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.

Key Strengths:

Having over 25 years of experience in the industry this business offers exceptional levels of service. Queries are dealt with quickly and efficiently and staff are able to give immediate costing and advice.

The business employs an experienced and competent in-house design team using computer aided design programmes, and have built long-term success and profitable growth with a professional attitude maintaining initiative, flair and a common sense approach.

This business has achieved a recognised name through zest and team spirit in an environment that rewards achievement and enthusiasm.
Advertising and Marketing:

Advertising has included yellow pages, trade magazines, press releases and public relations and the local press 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 has an informative web site and has found that the site has performed well with tangible and profitable business being forthcoming.
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.


There are currently in excess of £1.4 Million of contracts in the pipeline for 2005, with tenders of up to £1 Million currently engaged and in excess of £. 25 Million of repeat day to day business guaranteed.

Customer Service:

The company specialises in electrical contracting, and is dedicated to providing 100% customer satisfaction. It is the policy of the company that staff makes every effort to satisfy the requirements of existing and potential customers; this has led to a large amount of repeat business and customer loyalty.
Quality Assurance:

The business is a member of the NIC EIC (National Inspection Council for Electrical Installation Contracting) and the Electrical Contractors Association and is often placed on preferred tender lists because of the high regard in which it is held.

Membership to these bodies, and an efficient well organised management, ensures that the company meets the required standards to trade and that customers gets a high quality standard of workmanship and service.

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.


There are currently in excess of £1.4 Million of contracts in the pipeline for 2005, with tenders of up to £1 Million currently engaged and in excess of £. 25 Million of repeat day to day business guaranteed.

Property information

Property:

Leasehold

Lease terms:

The premises are leasehold with 8 years remaining at a current rate of £23,000 per annum.

Location:

Premises

Situated on the Channel Islands this business is located in an affluent town that has a vibrant atmosphere. The paved town centre boasts a huge variety of stores, shops, restaurants and cafés.

The harbour and marina are always full of activity. Here visitors can watch the comings and goings of ferries, ocean-going yachts and small fishing vessels or take a walk around the fascinating historic harbours.

The business occupies the top two floors of a large building on the outskirts of a major town. The modern offices have the latest state of the art computer systems, and an extremely well equipped material store, with stock control that is fully computerised. The premises also have a workshop with various test benches for faultfinding and a large storage area.

Other information

Expansion potential:

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 Company has never had to advertise for work and 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.

Competition / Market:

Advertising and Marketing: Advertising has included yellow pages, trade magazines, press releases and public relations and the local press 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 has an informative web site and has found that the site has performed well with tangible and profitable business being forthcoming.

Support & training:

The owner will provide full business familiarisation, training and handover.

Reasons for selling:

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

Related documents:

• Full details and confidentiality agreement

Contact the seller