Asking price: £220,000

Sales revenue: £500,000

Net profit: £85,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is an exceptional opportunity to purchase a well established profitable electrical engineering and company who can supply a full turnkey solution for domestic, commercial and industrial requirements.

Having traded since 2004 the company remains today owned and managed by the founder who has built up an enviable reputation for supplying a high quality of work.

The company has developed relationships with a number of landlords, letting agents, investors and private house owners who regularly use the their services In additional the company have have regular industrial and commerical clients who use use the company to carry out a varity of work. These clients include blue chip companies

Because of the company’s reputation they are for ever in demand and they have consistently a full order book. They are very orgainised which allows them to carry out a varity of work and exceed customer expectations. The busines has a really usfully web based job management system which has helped the company retain and grow their business.

The company has a web site which is used to promote and generate new business.

The business is profitable and has a reputation for its speed of supply, coupled with an efficient and reliable team of time served electricians.

This business would be perfect for a new owner who with new ideas that could grow a profitable business which is built on sound foundations.

Years established: 2004

Employees: The office is run by one fully time member of staff and one additional part time staff member who deals with the book keeping. The integrated software tracks all work from enquire through invoice. The owner generally looks after creating new business and generally oversees the running of the business. There are also six fully qualified electricians, one apprentice electrician. One of the electricians has the additional responsibility of being the ‘Qualified Supervisor’ and takes on additional responsibility for the quality of work carried out by the company and completing and signing certificates.

Property: Leasehold

Lease terms
The business runs from rented offices, which are circa 350sq.ft. The rental is circa £60 per week which includes electric, services and rates.

Location
The business runs from rented offices, which are circa 350sq.ft. The rental is circa £60 per week which includes electric, services and rates.

Expansion potential
There are new British Standards in place for electrical regulations. This will mean refurbishment work will have to take place and the company are perfectly positioned to take advantage. There remains scope for an increase in dealing with larger installation and or maintenance contracts. The company is now at the right size such that it can carry out this additional type of work. Expanding into this are will increase the company turnover and profits. They have been trading consistently over the past four. There is definite scope to deal with more jobs, thus creating more work, and bring in more profits to the company.

Support & training
The owners would be happy to help out with a smooth transition of the business and help in anyway possible. He is prepared to help for a period of time to introduce the new owner to all of the major customers that the company deal with on a regular basis.

Reasons for selling
The owner is going to move abroad.