Asking price: £215,000

Sales revenue: £615,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This business started twenty-five years ago with one individual working as a sole trader operating in the commercial and industrial sector. Over the years the company has grown and it now carries out a broad range of electrical services from consultancy and project management, complete project design and installation, to alterations and refurbishment of buildings for a base of existing customers.

The business has a policy of on going training for all staff in order to maintain the very best industry standards and to maintain service levels at the optimum. The company is a member of the NIC EIC and the IET.

The business generates its work within a sixty-mile radius of its base and it has a core customer base of ten regular clients in the Somerset, Wiltshire and Dorset region. It also receives referrals from architects and consultants who have either seen the standard of workmanship that is carried out or who have been recommended to them by other professionals. In particular the company is able to carry out large-scale works involving projects demanding heavy switch gear expertise. This ability sets the business apart from much of the competition.

Equipment:

The company has invested in a bespoke software system that provides a complete suite of programmes that run every aspect of the business. This is inclusive of design, quotation, stock control and invoicing.
The business has a small fleet of five transit vans.

Customer Service:

The business directly and indirectly for local industry, high street banks, water authorities, county councils and the national trust. Many of these relationships have been forged over many years of top quality customer care and flexible service.

Key Strengths:

Financially sound
Quality staff
Blue chip customers
Excellent location
Some unique capabilities

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 company has a strong trading history with turnover growing steadily to over £615,000. Shareholders funds stand at around £50,000.

Employees: One director One secretary Four skilled electricians Two apprentices

Location
The business operates from a rural location and utilises a converted farm building as its offices. A second purpose built building serves as a store with a delivery bay, reception counter, and storage area. The offices consist of a small reception, two admin offices a printer room, toilet and kitchenette.

Expansion potential
The business has not developed the available PAT testing market nor has it expanded into the domestic sector covering the emergency call out market.

Competition / Market
The company has never needed to advertise extensively. It does have a website and a company brochure outlining its services. All the company’s vehicles are sign written.

Support & training
Having spent many years developing the company the key director is very keen to see it continue to flourish. As such a handover would be very thorough and he would be willing to act as a consultant to the business for an agreed period of time.

Reasons for selling
The managing director has a young family who he would like to be able to spend more time with and has decided to sell the company to achieve that objective.