Well Established Electrical Contractors For Sale

Business description

HISTORY

• The business was started originally by the current owner in 1996.
• Since its inception the business has established a loyal repeat customer base and has become well known within the locality.

REASON FOR SALE

• This is a genuine retirement sale

SERVICES

• The business provides electrical services within the West Midlands to residential clients, which account for approximately 50% of annual revenue, with a further 35% from commercial clients and the balance is generated from word of mouth.

ADVERTISING

• The business conducts very limited advertising as the majority of work is from repeat trade or recommendations.
• The business has a recently constructed web site included within the sale.

FINANCIALS

• 2010 Annual sales: £225,834
• 2010 Adjusted Net Profit: £49,042
• The adjusted net profit includes £330 for depreciation and a further £5,345 for the leasing of a vehicle, which has now been fully repaid.
• We are in possession of the accounts for 2009 and 2008, which reflect stable sales and profits.
• These will be made available to an interested party after an initial meeting with the current owner.






DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Location:

• The business currently operates from the vendors’ home, thus the business is being offered on a re-locatable basis
• A new owner would need to move the business to a new location within the West Midlands

Other information

Expansion potential:

• The vendor has informed us that new additional revenues can be generated by tendering for larger contracts and by advertising more within the region.

Trading hours:

• Monday to Friday - 7:30am to 4:30pm

Related documents:

• 
• Sales Particulars