| (REF: GK185 ) Domestic Electrical Contractor Sales & Repair Service |
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| Seller Reference: |
GK185 |
| B4S Reference: |
15926 |
| Asking Price: |
£195,000
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| Net Profit: |
£117,000 |
| Sales Revenue: |
£461,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Midlothian, Scotland, Scotland, United Kingdom |
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This established business has been operating for over twenty-one years. A true success story, this profitable, high profile electrical contractor provides a versatile repertoire of domestic services. The business offers a full range of electrical services, carried out by skilled, qualified electricians who are equipped with fully stocked vans.
All aspects of electrical work are undertaken for mainly domestic customers. The business has five vans, and conducts Amtec testing. In terms of software the business has VTR accounts. This is an excellent opportunity to acquire a well established Electrical Company with and strong reputation for quality and service. There is significant repeat business and a diverse range of customers, both domestic and commercial.
The business which is run and managed by the owner achieves a very respectful annual turnover of £461,000. This is derived from offering a variety of electrical goods and accessories together with a servicing and repairs facility which specialises in white goods such are lamps etc. All work is carried out in compliance with NICEIC (National Inspection Council for Electrical Installation Contracting) guidelines, guaranteeing a high level of workmanship.
The business prides itself on a friendly, first class service, being big enough to cope and small enough to care and offers the new buyer or investor a superb operation that is fully insured to carry out all types of work and contracts. This is not an opportunity to be missed, this highly profitable long standing business is a turnkey operation which has great potential and already has a reputable name to it.
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Property: |
Leasehold |
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Lease Terms: |
The premises are leasehold, there are currently five years remaining on the lease. The leasehold is renewable. The business runs from a retail shop with an office and storage on the same premises. This is situated on the main street of the bust city. The current rent payable for the premises is £5040 per annual. |
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Current Rent: |
The current rent payable for the premises is £5040 per annual. |
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Living Accommodation: |
No |
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Advertising has included yellow pages; with a high proportion of the business’s revenue being due to strong word of mouth recommendation, bearing testimony to the excellent reputation it has throughout the industry.
The business would however benefit from marketing activities in the local area. There is no reason why a new owner with a new sales and marketing campaign could not significantly increase revenues and attract new clients. There are many opportunities to market the business further. |
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The business runs smoothly and is simple to administrate. The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. |
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After over twenty happy, prosperous years in this business, the owner now wishes to pursue other business commitments. |
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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 is open for trading from Monday to Friday from 8.00am to 6.00pm. |
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There are currently eight full time employees. |
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