Successful Well Established Domestic & Commercial Electrical Contractor For Sale

Business description

This specialist electrical contracting business was founded in 1988 by the Vendor and whilst based in North London it relies upon the maintenance of contracts and team travel to regional projects. The business has earned the reputation of providing quality Electrical Constructing Services to both the Private and Public sector, operations extend throughout London and north to other parts of the UK.

Working from purpose built premises the company has an experienced team of office and site personnel, handling projects from minor works to major contracts.

As part of its commitment to demonstrate control and improve quality of service, the company is a member of the ECA and NICEIC.

This profitable business supplies a range of electrical services to its loyal and established client base which includes working for highly successful London based property developers, clients can be assured the professionalism and workmanship will be of the highest quality. Projects vary and can be within domestic properties, schools or new housing contracts and refurbishments. Many clients have become long term relationships and for many of its clients is a preferred provider.

This business provides the buyer with a perfect opportunity to buy an established, profitable business for expansion or a company presently in the business that wishes to expand by obtaining the businesses strong client base and employee expertise.

Staff are highly skilled and have many years on-the-job experience, enabling the business to offer its clients a guaranteed range of services, at the highest levels of quality. The business is further supported by long-term employment relationships with operational staff and stable partnerships with sub-contractors and clients.

The business prides itself on its products and services maintaining the highest standards for fairness, honesty, superior workmanship and service. They are dedicated to conscientiously meet client expectations, to be a responsible employer and value-added provider of quality building solutions to all their loyal clients throughout London and the south of England.

Customer Service

The business manages all client relationships through the vendor in the first instance and maintained by the project staff, on site. Clients are used to dealing with any member of staff on a project with any query or concern. This has enabled the business to add an extra dimension in client management, the benefit to the client illustrated in the immediate solving of project issues.

All employees and projects work to and are carried out to required industry standards of safety and quality.

Key strengths

The primary key strength is the specialist knowledge and expertise of the staff in their fulfilment of projects. This experience adds further value to the business through cost controls in wastage and the speed of project completions, this has lead to a considerable reputation within the industry for honesty, reliability, value, expertise and speed.

The business is an autonomous organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor on projects; this has resulted in customer relations founded on trading satisfaction.

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 no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 18 years trading.

Sales revenue is circa £1,200,000 - per annum and the vendor feels that with investment in resources and the expected increase in market demand the business could dramatically increase its revenues.

Property information

Property:

Leasehold

Location:

The business is located in an easily accessible area in London and does not require commercial premises.

Business Operation

Expansion potential:

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

This will best be achieved by an owner with an understanding of the value of this business’s specialist expertise and the its advantage as a component alongside other building services.

Competition / Market:

The business has used no advertising in the past and a high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Reasons for selling:

The business is for sale as a result of the vendors’ wish to follow other areas of interest.

Employees:

The business currently employs 2x apprentices, 9x electricians, 2x administrative staff and a loyal team of sub contractors available on a project by project basis who together with the vendor are responsible for day to day operations.

Years established:

1988

Other information

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.