Profitable North Yorkshire Electrical Contractors Business with Stellar Reputation For Sale
Undisclosed, North Yorkshire
- Status
FOR SALE
- Date Submitted:
06/11/23
- Advert ID
602210
- Reference
ID3011 / Rightbiz
- Call Agent:
- Leasehold: £390,000 (Stock at valuation)
- Turnover: £314,712 (£6,052 Per week)
- Net Profit: On request
Key Features
- Close to Local Amenities
- Offers Invited
- Accounts Available
- Home Based
- Fully Fitted
- Established Business
- Retirement Sale
- Large Business for Sale
- Unique Business
Business Details
Commercial & Domestic Electrical Contractors Business For Sale North Yorkshire
Sovereign is delighted to bring to market this profitable and comprehensive electrical contracting business covering North Yorkshire. The business specialises in all types of electrical work including rewiring, new housing, CCTV installation, electric car charging point installation, plus all aspects of inspection and testing.
Founded in 1989, the business is easily relocatable and has a rich history of serving the North Yorkshire area with excellent electrical solutions. Over the years, the business has built an impeccable reputation for reliability and expertise.
The trading model operates within an efficient trading radius that is currently completely site based, therefore the office and administrative aspect of the business is entirely relocatable. The business has now come to the open market due to our client’s desire to retire.
The business is currently owner managed with two full time qualified electricians who pride themselves on safety and high quality workmanship in every project. Both commercial and residential clients appreciate and value the friendly electricians that offer an honest, reliable and value for money service. The business also has accreditation with Part P Electrical Safety and is an approved contractor of the National Inspection Council for Electrical Installation Contracting.
This viable entity gives the potential for a bolt on opportunity to an existing operation or an enthusiastic owner operator to run an already established business with scope to further develop the business to the next level.
This already profitable business could expand by the introduction of a proactive marketing campaign, social media and an extensive advertising campaign focused on the future of installation and servicing home/commercial EV charging points.
- Annual Net T/O 2022 £314,712 GP £164,749 EBITDA £111,654
- Vast Scope To Increase Turnover
- Positive Balance Sheet With No Long Term Borrowing or Debt
- Ideal Bolt On Opportunity
- Profitable ROI
- Excellent Reputation
- Genuine Retirement Sale
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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