| (REF: GK184 ) General Electrical Contractors to the Industrial and Commercial Sector |
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| Seller Reference: |
GK184 |
| B4S Reference: |
15767 |
| Asking Price: |
£350,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£900,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Glasgow, Scotland, Glasgow, United Kingdom |
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This business was founded in 2006 by the Vendor, having worked in Electrical Contracting for many years. The business has grown year on year and is now accepted as one of the leading independents in this field with a reputation for the quality of its work, flexibility of service and reliability.
The business operates from a prime location on the outskirts of Glasgow City Centre and has established itself as one of the region’s leading independent electrical contractors. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality workmanship, first class service and attention to detail.
The business has shown itself to be resilient in the face of competitive and economic factors and has maintained incremental growth over its 4 years of trading. No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
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Property: |
Leasehold |
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Lease Terms: |
The business is located in an easily accessible area in Glasgow and operates from a circa 1,800 square foot area including warehouse capacity, facilities and administrative offices. The annual rent is circa £6,500 per annum and has a nil rateable value.
The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon.
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Current Rent: |
The annual rent is circa £6,500 per annum and has a nil rateable value. |
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Living Accommodation: |
No |
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The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. |
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The current market for this business’s services is growing and, with the Commonwealth Games coming to the City, is forecast for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
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The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. |
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The business is for sale as the vendor feels he has taken it as far he can and believes managing the next phase of growth requires a larger infrastrucure. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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The business office hours are 8.00am to 4.30pm, Monday to Friday, though ‘on site’ hours may vary. |
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The business currently employs the founder as Managing Director, 2 Project Managers and 8 engineers. |
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