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Asking Price$2,596,835
Revenue$3,666,120 Established1990
Cash Flow$458,265 Employees19 full, 0 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Specialist Lift/Elevator Installation Company
Design, Supply & Installation
Location Midlands
Asking Price Offers in Excess of £1.7 Million
This very highly regarded and competent organisation specialises in the design, supply and installation of lifts to organisations and their associated building partners, mainly within the Midlands region of the UK. The company has a very impressive track record of carrying out projects, whether small or full turnkey installations to clients, both large and small, within the public and private sector. Services include:
• Lift Installation(core business)
• Maintenance
• Servicing
• Spares/Parts
The company works both directly with the end user clients and also via their nominated contractors. Because of this, and through the many accreditations it holds and reputation it has built over a 25 years period the company enjoys “preferred supplier/sole supplier ” status with many of its clients, which means it enjoys very impressive levels of repeat business and a strong future order book than runs year on year.
The business has the infrastructure to handle projects whether they are small refurbishments or prestige turnkey design and installation jobs. The company has very close relationships with its manufacturing partners that ensures it can always offer a highly personal service to ensure projects are completed smoothly and meet client expectations. The company is able to do this as it has built a strong senior internal management team with high technical expertise and commercial acumen.
Fully compliant with all the necessary legislation and regulations, the company is a Notified Body approved to Section 12 of the Lift Regulations and has design status. It is also ISO9001:2008 quality assured.
Facilities:The business operates from ideal leasehold premises situated on a well-known high profile business park. . Premises are ideally located in Midlands with excellent access to major routes. Property is circa 4,500 square feet.
Competition:Having established an excellent reputation for quality, technical ability, reliability and professionalism the business has little need for advertising, relying on the most cost effective forms of marketing- recommendations, referrals and repeat business. In saying that, it now has an informative website (no SEO at this time though) and also benefits from its accreditations listings.
Growth Potential:With an enviable reputation within the industry and renowned for always meeting if not exceeding client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. The business has a broad Midlands customer base that could be developed further. It could also expand its geographical spread further afield should a new owner so wish. The vendor has tended to be reactive rather than proactive over recent years due to the high demand for its services. The business could easily be scaled up even further should a new owner wish to invest in further internal resource, as the demand for its services is there.
Training/Support:The current owners would be happy to provide a comprehensive handover period to ensure a seamless transistion of ownership. This should be a relatively simple process as the busienss has key senior staff in place. However the vendor would also be prepared to stay on within the business for a 12 month period post sale should a new owner so require, or to act as a consultant subject to negotiation.
Sale Reason:The vendor is planning his exit strategy due to impending retirement.
Ad #75699
Seller Reference #IP013
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Contact This Seller
Turner Butler
0044 1895256000
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