| (REF: SE001441) Power And Electrical Contractor - Central W. Sx/Brighton |
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| Seller Reference: |
SE001441 |
| B4S Reference: |
28477 |
| Asking Price: |
£25,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£50,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, West Sussex, United Kingdom |
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A REGISTERED POWER and ELECTRICAL AND COMMUNICATION CONTRACTING COMPANY SERVING INDUSTRIAL, COMMERCIAL AND DOMESTIC CUSTOMERS IN CENTRAL WEST SUSSEX and BRIGHTON
LOCATION
This electrical and communications service provider is based in an affluent part of West Sussex, within easy reach of the coastal conurbations of Brighton and Worthing as well as major inland towns such as Crawley and Horsham.The region provides an excellent base for industrial, commercial and residential work and the company conducts all of its trade within a 15-20 mile radius of its premises. A new owner may wish to expand the field of operation, which would be facilitated by the company's excellent website and domain name.
THE CURRENT LOCATION/PROPERTY
The business base is a workshop on an industrial estate which provides storage plus manufacture and test facilities totalling approximately 650 sq ft. The premises are held on a renewable lease expiring in 2013 at very low cost with rent fixed at approx £250/month for the period.
If the purchaser wishes to relocate the business, or integrate with his own premises, the vendor is perfectly willing to retain the lease for his own use.
THE BUSINESS
Established for 9 years, 5 of which have been in the electrical sector, this registered contracting company offers solutions and services in the electrical, telecom and internet sectors servicing industrial, commercial and domestic customers. It is registered as both a contractor and sub-contractor under the Construction Industry Scheme (CIS), and with NAPIT which sets compliance standards for domestic electrical installations. It specialises in electrical maintenance activities including emergency call-out work and offers a one-stop shop from fault finding to installations, inspections and testing.
The business was established by the vendor as a vehicle for his electrical installation activities, and he has built it into a well respected for the high quality of the work undertaken. However he is now finding it more difficult to focus fully on the company due to his other business interests and has consistently turned down the opportunity to bid on several major contracts upwards of £200K per contract. Consequently he is offering the company for sale to an individual or organisation with the resources to take the business forward and achieve its full potential.
Currently run by the owner with one full time employee, the business also uses the services of a very experienced sub-contractor. The company also has a very impressive brand backed by a professional website and while this is a small business it has punched beyond its weight and secured business from some impressive companies. In particular it has a long term relationship with a major global manufacturing firm in the food sector whose UK headquarters is in West Sussex. This already represents a major account but could be developed much further and provide a springboard into the industrial sector if desired.
Another growing sector for the company is high net worth private clients of whom there are many in the surrounding area. Here there is a need for a totally reliable and discreet service and the company has been successful in acquiring many such clients, often by personal recommendation. Turnover in the last 3 years has averaged in excess of £50,000 per annum with a small profit shown on account after directors' drawings and finance costs. With low overheads and flexible staffing arrangements this represents an excellent opportunity to generate a highly profitable business with all the ground work having been put in place by the current owner.
The company is owned by the vendor and his wife and will be sold debt-free and with the option of the premises lease and a leased VW Transporter van.
The website will be included in the sale and is regarded as a valuable asset in its own right with an impressive brand offering flexible expandability.
In order to effect a smooth handover, the seller is prepared to be engaged for a few days consultancy to introduce the buyer to key customer contacts in order that the buyer can take the business forward into much larger projects.
In our view the buyer of this business would inherit a run-rate business with a major account in the region which would be a perfect acquisition for a high energy entrepreneurial individual capable of seizing the opportunity this brand offers to drive the business forwards.
Equally it could interest an established medium sized firm wishing to extend or grow its business into Southern England or into a major account in the food sector and potentially the New Media sector. Acquiring this business would provide a contract with a very high profile major account (£100M + turnover) plus inroads into another major account in Central London.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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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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