Asking price: £550,000

Sales revenue: £1,100,000

Net profit: £180,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established almost twenty years ago, this electrical contractor and data networking installer business has built up a trusted and respected name within the Leicestershire area. County Council approval and compliance with National Inspection Council for Electrical Installation Contracting (NICEIC) standards have served to solidify the business’ reputation for providing a first class service.

The business has a customer base which mainly centres around corporate and Council entities. The clients and projects that the business deals with vary in size and nature, and the firm prides itself on being flexible enough to meet any requirements due to experience in almost every aspect of electrical installation work. The enterprise undertakes projects not only within Leicestershire but also on a national scale.

Services offered include electrical and data networking design and build service, Cat5e and Cat6, fibre optic cable installations, wireless networking and audio visual solutions (including data/video projectors, interactive whiteboards, projection screens, plasma/LCD screens and speakers). The firm specialises in educational works, especially the conversion of existing classrooms into IT suites. The business also offers maintenance and support services for corporate, business and educational establishments.

Employees: The firm employs 16 full time members of staff including the two directors. Every skill set required is available in house through the multi-skilled employees, and the company only employs fully trained, approved electricians as directed by NICEIC.

Trading hours: Monday – Friday: 8.00pm – 5.00pm However the business prides itself on being flexible to any situation that arises.

Location
The business is run from a commercial yard just off an excellent main road location. It is rented on an informal basis, and has done so stably for a 12 year period, with the advantage of this being that the business can operate with very low overheads.

Expansion potential
The current market for this business’s services is growing and is forecast for stable trading for the shorter and longer term. Despite the currently uncertain economic climate, the fast paced nature of information and audiovisual technology means that suppliers and installers with related expertise will always be in demand. As the firm specialises in the installation of audiovisual equipment and has already been trading on a national level, a possibility for increased turnover could be contracting within the new build office space market. By travelling further a field to work on large projects, the firm would have the opportunity to work on lucrative contracts to equip modern, cutting edge buildings with the necessary computer and audiovisual systems to make them appealing to corporate tenants e.g. Fort Dunlop in Birmingham.

Competition / Market
The business maintains its own website and also has a comprehensive product catalogue. However, the company has thus not felt it necessary to advertise in any other way as it receives sufficient trade through contracts and word of mouth referrals.

Support & training
A handover and training period is available to a new owner upon request.

Reasons for selling
Retirement