* Included in Asking Price
Electrical Contractor Specializing in Temporary Electrical Power & Lighting for Construction Sites
Asking Price £ 399,000
Asking price includes:
Turnover of approximately £305,000 for the financial year ending March 2010
Gross profits in excess of £150,000
Pre-tax net operating profits of £98,000
Plant and equipment conservatively estimated to be worth £150,000
Fifteen years of successful operation
Reputation for reliability, quality, integrity and professionalism
Qualified and highly skilled team of engineers
Extensive repeat blue chip client base
Excellent growth potential
Support and training
Established approximately fifteen years ago by the current Owner following an extensive career in the electrical contracting sector, this business was formed specifically to provide temporary electrical services to construction sites.
Operating primarily within the south east of England, this business supplies, installs and maintains electrical systems durng the complete construction process. With the bluest of blue chip Client bases which reads like a ‘Who’s Who’ of the construction industry, including virtually every main contractor operating in the south east, this business has grown to become one of the leading providers within its specialist market sector. Contracts frequently extend to two years and more.
This business delivers a first class service from the initial design stage through to the successful completion of large construction projects. With an extensive inventory of equipment consisting mainly of transformers and mains distributions units (MDU’s), this is a full service business offering a detailed specification and cost, or a budget quotation at pre-tender stage. Following approval, this business supplies all the materials to connect site electrics which is then managed and maintained throughout the contract, eventually being removed on contract completion.
This business’s commitment to quality and safety is paramount. All work is carried out to the highest standards and all plant and equipment, which is wholly owned by the business is quality approved and complies with the relevant standards. The business also issues all the periodic testing certificates, risk assessments and method statements to accommodate Health and Safety policies. All staff are fully trained, very experienced, highly skilled, qualified engineers, with many having been with the business for a number of years. Staff are helpful and friendly whilst maintaining a professional attitude and high standard of workmanship at all times.
With turnover for the financial year ending March 2010 of apparoximately £305,000, generating gross profits in excess of £150,000 and pre-tax net operating profits of almost £100,000 this represents an excellent acquisition opportunity and should be particularly attractive as a ‘bolt-on’ to an existing operator within the sector. Alternatively this business represents an excellent foundation to build upon for any new entrant to the electrical contracting industry.
|Facilities:||The business currently operates from a home office environment so will need to be relocated. Its plant and equipment is stored in a number of local ‘lock-ups’ when not out on site.|
|Competition:||Having been established for fifteen years and with an owner with extensive contacts within the sector this business has never felt the necessity for heavy investment in marketing and advertising. It has an extensive network of Client contacts and such is its industry reputation and Client relationships it is frequently taken from Client to Client when Contracts Managers, Quantity Surveyors and key contacts in Buying Departments move from company to company – whilst still managing to retain the original company relationship. As a result the overwhelming majority of its business comes from repeat business and strong word of mouth recommendation, testimony to its excellent reputation within the industry for reliability, integrity, competitive pricing and high levels of customer service.
The business does not currently have a web presence, the development of which would enable the business to increase its profile within a wider geographical area.|
|Training/Support:||The current Owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new Owners.|
|Sale Reason:||This is a genuine retirement sale.|
Seller Reference #GK181
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