Highly Profitable Electrical Company For Sale

Business description

This is highly profitable electrical services company which has over £500,000 of contracts in place. It specialises in servicing both the commercial sector and domestic sector in east anglia and the home counties. The business specialises in design and installation of electrical systems including including sky and cable for business, local authority and housing trusts.
The majority of work is undertaken to order and the company has 5yrs of contracts to 20012. Revenues and profits are increasing and the new buyer will benefit from strong, sustainable profits growth. There is a qualified, knowledgeable and committed team to support the new owner.

Property information

Lease terms:

The business operates from leasehold premises which also include a flat and sub=let buildings. The new owner will benefit from recovering the majority of the lease rental from sub-letting.

Living accommodation:

1 rented flat recovering a large proportion of the business lease costs.

Location:

Close to the City Centre but can easily be relocated

Other information

Expansion potential:

Because of its reputation and the winning of 5 year contracts there is huge potential for continued expansion.

Competition / Market:

The business has recently signed 5 year contracts on much of its business going forward. The competetion is therefore low

Support & training:

The owner will be delighted to work with the new owners for as long as deemed necessary. Relationships are important and the owner will be happy to introduce the new owner to its clients and assist in the future planning & expansion.

Reasons for selling:

Ill health

Trading hours:

Normal trading hours

Financing available:

The owner is open to discussions regarding financing of the sale

Furniture / Fixtures value:

£7,500 (included in the asking price)

Inventory / Stock value:

£1,000 (included in the asking price)