Installation And Repair Of Automatic Gates Business For Sale

Business description

BUSINESS DESCRIPTION

• This is the first time in 20 years that this business has been on the market for sale.
• Design and supply, installation, repair, maintenance and service of automatic gates and gate entry systems.
• No requirement for commercial premises in view of on-site delivery.
• All heavy lifting work carried out by contractors
• Client base covers mainly Somerset and Dorset, travelling broadly within a 70-mile radius of Yeovil.
• Highly profitable, with approximately 230 annual service clients and approximately 30 new installations per annum.
• An ideal long term business opportunity.


BUSINESS:

A superb business acquisition opportunity, that offers the right candidate secure long term business profitability.
The business carries out the design and supply of automatic gates and gate entry systems, alongside annual servicing contracts, maintanence and repairs of automatic gates.
The client base is predominantly residential (90%) with some commercial and schools work alongside.
The business covers a region within an approximate 70-mile radius of Yeovil, mainly across Somerset, Dorset and parts of South Gloucestershire and Wiltshire.
Gross margins are very high at almost 60%.
The business can be operated on the basis of a sole trader with some back-up adminstrative/secretarial support or as a sole trader possibly with a trainee employee alongside.
The vendor advises that all heavy lifting work is handled by third party contractors and interested parties need not be unduly concerned with the physical demands of the business.
It would also suit a corporate buyer looking to expand in to the region.
Virtually no advertising currently undertaken with the vast majority of new installations achieved through client recommendation.
Gate manufacture and metal fabrication is sub-contracted out and gate hydraulics equipment in the main is supplied through two major UK suppliers.
The sale would include business goodwill, the ongoing service contracts and client database/records, plus existing mobile telephone number, business tools (excluding the single commercial vehicle which may be purchased subject to separate negotiation) plus SAV,


YEARS ESTABLISHED:

Under the sole control of the current owner for 15 years and prior to that was operated as a family business.

TRADING PERIOD:

Working daylight hours to suit: Monday to Saturdays.

TRADE:

Accounts for the year ended 31/01/11 confirm sales of £106,341 and an abridged net profit of £51,543.
The business continues to enjoy a strong forward order book.

REASON FOR SALE:

Retirement. A comprehensive handover would be provided by the vendor if required.


STAFF:

The business is currently operated as a husband and wife partnership being equivalent to one full time employee and a part-time administrator. A buyer would have the opportunity to run the business in a variety of ways including as a sole trader, business partnership, family business, or by way of corporate acquisition and integration.

TENURE: N/a.


LEGAL FEES:

Buyer and seller will be required to meet their own legal costs.


COMMENTS:

This is a superb business acquisition opportunity, offering the right technically minded buyer sound long term business profitability and realistic growth potential.