Asking price: £750,000

Sales revenue: £1,500,000

Net profit: £400,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Mechanical & Electrical Installations Annual Turnover circa £1,500,000

This business was established in 2004 and specialises in the installation of mechanical services mainly to the industrial sector. In addition, the company provides all associated electrical works. 30% of the company’s work is tendered with contracted design and build work. A large proportion of the work undertaken is for mainstream colleges for which this company is an approved contractor, including the y College of London.

Customer Service is the cornerstone of the company and it is committed to providing the customer with an outstanding positive experience in all its dealings.

Key assets are found in the business’ established relationships, well-defined customer base with high repeat sales, and its ability to serve clients, supplying the business with a definitive competitive advantage.

Regular repeat business from a multitude of clients is testimony to the business’s unrivalled reputation for quality, innovation and reliability. The business is always willing to supply a range of products outside of their standard specifications.

Equipment:

The business is fully computerised with sage used for accounts, invoicing and payroll.

Customer Service:

The business ensures an excellent approach and line of communication with their clients at all times. Staff are flexible and adapt easily to industry trends and innovations.

The business is an excellent opportunity to invest in an established name that prides itself on good old-fashioned customer service, commitment and leading product range thanks to its highly skilled and professionally trained staff, personal service and commitment to providing a quality service.

Every aspect of this business is based around providing a high level of customer service. From the very start of the job, nothing is overlooked.

Key Strengths:

This business works only with the very best suppliers in the trades it itself cannot undertake – tradesmen who have full training and knowledge of all the latest materials and equipment so a customer is guaranteed the best tradesmen using the very best materials for the job.

This business also appreciates the impact the carrying out of its work can have on the lives and businesses of its Clients and does whatever it can to minimise disruption and complete the job as quickly and efficiently as possible.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The annual turnover is circa £1,500,000, and the pre tax profit is circa £400,000.

Years established: 2004

Employees: The business employs a total of four full time staff consisting of one Office Manager, two Finance Officers and one Contracts Manager. Part time staff consist of seven self-employed labourers and an additional eight sub contract teams.

Trading hours: Monday – Friday 9.00 am – 5.30 pm

Relocatable: This business can be relocated.

Location
This business is fully re-locatable; therefore no premises are included in the sale.

Expansion potential
Showing good growth this business has consistently achieved turnover in excess of £1,500,000, this is an excellent opportunity for a new entrant in the marketplace to assume the goodwill built up as a result of the current owner’s efforts. This business has achieved an excellent reputation for quality and service with recognised business name. Consistent growth will be achieved by building on this success.

Competition / Market
At present, the business does not spend on advertising, relying solely on word of mouth recommendation and sterling reputation.

Support & training
Full support and training will be provided to the successful purchaser.

Reasons for selling
The current owner is selling the business due to family commitments.