Business Summary:
Electrical & Building Services Contractor
Ref.GK172
Location Scottish Central Belt
Asking Price £ 1,400,000
This business was acquired 6 years ago by the current vendors and has grown continually, becoming a significant force with a reputation for the quality of its service and reliability. It has established itself as one of the leading independent electrical and building services contractors, challenging the nationals for substantial contracts..The business operates from a prime location in the Scottish Central Belt and services a variety of industries including, but not limited to, hospitals, schools/colleges and construction. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, first class service and attention to detail.
Reliable, highly professional and always customer focused, this Business has 6 years experience in providing specialist electrical and instrumentation services to the pharmaceutical, manufacturing and petro-chemical sectors, as well as hospitals, schools and colleges.
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| Year
Business was Established: 2003 |
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| Facilities / Terms of Lease:
The business operates from leasehold premises with a rolling lease on a purpose built Industrial Estate. Annual rent is charged at circa £16,000 including rates.
The premises are well appointed and consist of offices, workshop, warehousing and ameneties. |
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| Potential
Growth/Expansion:
Showing good growth this business has consistently achieved turnover in excess of £3,000,000, though the first 6 months of the current period has exceeded £2,200,000 and is on target to pass the £4 million mark. An existing operator outside of Scotland could establish a foothold or alternatively an existing operator in the area would add considerable turnover to its own operation. It could also lend itself to a new entrant to the sector, offering a sound footing to a growing and high demand industry. |
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| Competition:
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. |
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| Owner
willing to train:
Full support and training will be provided to the successful purchaser. |
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| Reason for selling:
One of the shareholders has decided to retire. The other could be retained by the new owner, subject to negotiation. |
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Seller Reference Number: GK172
BusinessMart.com Listing Number: 65282 |
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