Fire & Security Alarm Contractor In Powys For Sale

Business description

Highlights:
• principal name throughout substantial catchment
• client base of finest quality
• highly trained team of engineers
• expanding sales and profitability
• retirement sale


LOCATION:
The business is located at Brecon in Powys.

BUSINESS:
This represents an exceptional opportunity to acquire a significant and expanding regional contracting business that supplies, installs and maintains fire alarms, intruder alarms, panic alarms, emergency lighting, CCTV and door access systems, as well as electrical installations, now including fibre optics, heat recovery and vacuum systems.

The company maintains NICEIC, ECA, SSAIB and CHAS accreditations.

The business serves a client base of the highest quality undertaking substantial contracts for the public sector as well as for a number of construction companies operating in the area as well as serving the high end residential market. An increasing amount of income is derived from maintenance contracts which follow from new installations and the past year has seen a significant increase in sales.

The trading name has been established for almost 40 years and is highly regarded throughout a wide geographical area with no obvious major competition in evidence currently capable of delivering a similar high quality service in what continues to be an expanding market notwithstanding the economic climate.

The company operates an in-house training facility which ensures that the team of engineers is multi-skilled and capable of delivering the highest standards of safety and customer care.

The business uses Filestream software facilitating the operation of a paperless office.

The business operates from a purpose built premises located on an industrial estate immediately adjacent to the main A40 trunk road and other major routes enabling easy access to Cardiff, Newport and Swansea and to Mid Wales. The property has been constructed to BREEAM standards ensuring the building’s environmental, sustainable and efficiency standards with low running costs. Both leasehold and freehold options are available.

YEARS ESTABLISHED:
The business was originally established in 1973

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £931,684 were reported for the year ended 31/7/11 which generated a gross profit of £564,268 (60.6%) and an abridged net profit of £145,749.

Full details will be made available to interested parties upon completion of a confidentiality agreement and following a discussion with Adams & Co regarding financial position and ability to proceed.

REASON FOR SALE:
The directors are planning to retire in the near future

STAFF:
The business is owned and run by a husband and wife team with the support of 18 full time staff and one part timer. This figure includes 14 fully qualified electricians, of which 5 are also fully qualified security alarm engineers. The company operates its own in house training facility ensuring that all engineers are able to demonstrate the highest standards of engineering and customer care. This has been of great assistance in securing a stream of new and very valuable contracts from major clients throughout Powys.

OPENING HOURS:
The business provides a 24 hour call out facility but standard hours are 8.00am to 4.30pm from Monday to Friday each week.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The purpose built premises, which stand in a prominent corner position, were completed in 2009 and were constructed to BREEAM environmental, sustainability and efficiency standards. The property which is understood to comprise c 3000 square feet in total, is fully air conditioned with separate efficient panel heating serving all rooms and benefits from a fire and security alarm system with CCTV (16 cameras) and electronic roller shutter doors covering the ground floor windows and entrances.

Laid out over two floors under a pitched roof with external wall and roof cladding the ground floor accommodation comprises a reception/showroom, a training room, two stores and a disabled WC facility. First floor accommodation represents a suite of offices with conference room, kitchen and separate ladies and gents WC facilities.

The property is described in more detail as follows (all rooms are fully carpeted with ambient lighting, security cameras, air conditioning and wall panel heaters except where stated:

Ground Floor:

The front entrance opens into:

Reception/Showroom (4.1m max x 7.7m max):

Training Room (5.9m x 2.2m):

Rear Hall:

Disabled WC:

Main Store Room (11.1m x 4.2m max):

Rear Store Room (8.2m max x 2.2m):

First Floor:

A galleried landing benefits from 2 windows to the rear elevation, 2 fitted storage cupboards and a recessed fuse box. Doors from the landing open to:

Directors’ Office (6.5m x 2.8m):

Kitchen (1.9m x 1.6m):

General Administration Office 1 (3.6m x 2.8m):

Security Office (3.6m x 2.8m):

Estimating Office (3.6m x 3.5m):

General Administration Office 2 (3.7m max x 5.9m max):

Conference Room (2.7m x 5.3m):

Gents WC:

Ladies WC:

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None

OUTSIDE:
A parking facility immediately adjacent to the premises offers 5 double length spaces

LEASE TERMS:
It is proposed that ownership of the freehold of the premises be retained by the directors and the business is offered for sale with the benefit of a new 10 year lease on full repairing and insuring terms at an opening rental of £30,000 pa subject to review every 3 years.

Property information

Property:

Leasehold