Total of 18659 firms and businesses for sale today Sunday 12th May 2024
Sold. Electrical Engineering Company
LISTING DETAILS
Firms For Sale ID:
8026
Vendor reference:
IG020
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£85,000
Turnover / revenue:
£309,000
Net profit / cashflow:
Undisclosed
Years established:
10
Number of employees:
5
OTHER DETAILS
Reason for selling:
The owner has other business interests and feels the business would benefit from a new injection of energy and business acumen to maximise the opportunities available.
Support and 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.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Electrical Engineering Company
Ref.IG020
Location East Yorkshire
Asking Price GBP 85,000
This is an exceptional opportunity to purchase a well established profitable electrical engineering company that supplies a full turnkey solution for domestic, commercial and industrial requirements.
Having traded since 2004 the company still remains 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 their services. In addition the company have regular industrial and commercial clients who use the company to carry out a variety of electrical installation work. These clients include blue chip companies. Current breakdown of work in each sector is:
Commercial circa 40%
Industrial circa 30%
Domestic circa 30%
Due to the excellent company reputation it is always in demand and has a healthy visibility of future work. Exceptionally well organised the company carries out a variety of work and tends to exceed customer expectations. The business has a web based job management system that helps the company retain and grow their business.
There is a company web site which is used to promote and generate new business.
The business has a reputation for its speed of supply, coupled with an efficient and reliable team of time served electricians.
This business is ripe for new ownership and with a new injection of energy and business acumen it could achieve significant increases in revenue.
Expansion Potential
There are new British Standards in place for electrical regulations that necessitates that refurbishment work for many clients and potential clients will have to take place, the company are perfectly positioned to take advantage of this.
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 area will increase the company turnover and profits.
The business has traded consistently over the past 10 years, however there is definite scope to deal with additional jobs, thus creating more work and more profits for the company.