Highly Successful Electrical Contractor For Sale

Business description

Highly Successful Electrical Contractor with Very Significant Pre Scheduled Work Bank
The business has been trading for many years and was incorporated in 1989. Through a combination of hard work and strong management the company has grown in size, stability and reputation to achieve its present status a s one of the key suppliers of electrical services to housing associations in Wales


What it does
The company concentrates its efforts on supplying electrical contacting services to the commercial and residential market. Eighty five percent of its turnover now comes from housing associations, colleges and councils right across the principality. The remaining fifteen percent is residential business.


Location
The company is based in South Wales

Clients

The business has built up an enviable client portfolio that consists thirty active customers. These clients are predominantly Hospital Trusts, Housing Associations, Town Councils and Educational establishments. The benefits of this quality of client are continuity of work, guaranteed cash flow and the ability to work hand in glove with the clients and diary forward workload. In this case that means the business can pre plan its forward work bank for approximately four years.

Customer Service
Its success has been based on its ability to be flexible and complete projects on time and within budget. The directors know key personnel of every client and the personal involvement of the directors has added huge value to the commercial relationships.

Key strengths

Well established
Financially stable
Fexible
Directors have total control of the business
Great relationship management
Excellent stock control
Blue chip clients

Property information

Location:

The premises are owned by one of the directors and it will be available for lease by the new owners if required.
It consists of a two storey Victorian house converted into offices.
Three ground floor offices, toilet and staff kitchen.
Basement stores.
Parking for four cars.

Business Operation

Expansion potential:

This business has been restrained to a size suitable for the present directors. Business is regularly turned away. The company does not advertise its services and there is no need to chase business, as there is always a significant future work bank.
Staff levels could be increased and more management could be delegated. There is substantial room to capitalise on the residential new build and refurbishment market as well as the day-to-day “call out” emergency sector.

Competition / Market:

Advertising and marketing There is no marketing activity. Market Outlook The outlook is very strong. The region is undergoing massive regeneration and there is a huge amount of investment being ploughed into new property and refurbishment.

Reasons for selling:

The directors have decided to concentrate their efforts on a growing property portfolio.b

Employees:

Twenty-six time served electricians who are split into three teams support the management team. One for Housing associations, one for development work and one for the day-to-day residential work.This is a long serving and loyal team with many members having been with the business for in excess of eighteen years.

Other information

Support & training:

A full and seamless handover will be made available for a period to be agreed as part of the negotiations. One of the directors may be available to stay with the business for a longer contracted period, subject to suitable terms being agreed.