Featured Brokers
CONFIDENTIAL SALE
FOR SALE
17/02/24
606912
ES02-ABS / Rightbiz
Specialist In Four Core Sectors: Commercial Electrics; Electric Vehicle Charging Point Supplier & Installer; Domestic Electrical Works; and Industrial.
Asking £400,000 excluding company cash.
Turnover for last financial year: circa £374,000 p.a. (growing year on year)
Pre-tax profits: Prior to directors’ drawings are in excess of £150,000 p.a.
Key strengths:
· High quality of work.
· Exceptional levels of repeat business
· Trustworthy, highly skilled, and loyal staff.
· Very Profitable business.
· Long established and well reputed.
· Huge room for growth and expansion.
Business Profile:
The successful purchaser will acquire a successful highly profitable well-established electrical services business, with a large client base.
Core sectors: This successful electrical services business consists of four core sectors: the first provides Domestic Electrics; the second is Electric Vehicle charging point supplier & installer, the third core sector is Commercial Electrical works and the fourth Industrial.
Establishment: Since 2014, the company has provided exceptional service, a high quality of work, by trustworthy electricians
Approvals and accreditations: The National Inspection Council for Electrical Installation Contracting (NICEIC) contractor and approved Rolec EV car charge point supplier & installer, Office for Low Emission Vehicles (OLEV) accredited installers.
Region serviced: Covering Hampshire, Surrey, London and South East England
Growth and expansion: The business has little need to advertise as the majority of business comes from repeat clients, referrals, and the Company website together with the Checkatrade approval & guarantee. The company enjoys superb branding with regular work from 2 stable well-established Domestic/Commercial customer base that guarantees 720 to 960 jobs a year (i.e. 60-80 jobs a month) with the chance to grow national with these companies. In addition to this the company receives more than 2400 Checkatrade enquiries a year and with more resources in place could maximise the huge potential this represents. Furthermore, the company is an emergency electrical contractor for a well-respected property management firm.
Staffing: Experienced and dedicated workforce in place, totalling six employees. There are four full-time electricians plus two part-time, highly experienced electricians. In addition to this the company has a pool of trusted sub-contractors it can call upon when required.
Advertising & Marketing: The Company grows by enjoying the finest forms of marketing: word-of-mouth recommendations and repeat business. The company has a superb and effective website, and it utilises the Checkatrade platform to keep the company growing year after year.
Opening Hours: Monday: Friday 8 AM-5.30 PM, Saturday: 8.00 AM-1.00 PM
Support and training: The owners will provide the successful purchaser with full support during the handover.
Reason for sale: The owners wish to take a well-earned break, following which they are looking to pursue business interests within a different sector.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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