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Businesses For Sale > Business For Sale in Teesside/County Durham, UNITED KINGDOM - UK (UK)

GK280-Durham-£250,000-NICEIC Accredited Electrical Contracting Company for sale in Teesside/County Durham, UK

Teesside/County Durham, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 250,000 £ 813,000 Undisclosed

Business Summary:
NICEIC Accredited Electrical Contracting Company Industrial, Commercial & DomesticRef. GK280Location : Teesside/County DurhamAsking Price : £250,000This Electrical Contracting Specialist was established some 120 years ago. In that time it has positioned itself as a first class supplier of Electrical Contracting Services across the North East of England, operating mainly within the domestic sectors, and to a lesser extent commercial and industrial.Fully NICEIC approved (both contractor and domestic level) this business provides a comprehensive range of electrical services to some of the largest organisations in the region including councils, schools and housing associations, who are responsible for large volumes of housing stock. In addition to this it also provides domestic electrical services and to a much lesser extent industrial services (circa 5% of current revenues) to customers. The company employs an experienced and highly professional workforce capable of managing and undertaking all sizes of projects from conception to full implementation and ongoing maintenance.Approximately 95% of current business is from a core of repeat customers, many of whom have ongoing contracts in place, who value this business’s exceptional levels of service developed over the 120 years of its operation. Staff understands the need to be 100% reliable and this has helped the business develop many long-term client relationships. This business’s commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant BS codes. Staff are highly qualified, technically very adept, highly motivated and take pride in their work. This ensures the job is always completed to meet the most exacting customer requirements. As part of this the business is proud to hold the “Investors In People.This is an excellent opportunity to acquire a long established, extremely well run and profitable, electrical contracting business with a very significant customer base. The business has achieved similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.

 

   
Year Business was Established: 1900
   
Number of Employees: 08FT/03PT  
   
Facilities / Terms of Lease: The business operates from a large rented two-storey workshop/warehouse ideally located to serve the region. Premises are secure. It also has additional storage units. Current rent is circa £9,000 p.a. renewed annually. Business is currently being sold as leasehold or relocatable but we are advised the freehold could also be made available to a new owner if so required.  
   
Potential Growth/Expansion: 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. With increasing demand for its services, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform and taking this business through its next period of sustained growth. There are several opportunities to grow the business. The industrial sector is also an area for growth as is further development of on-site testing, landlord inspections and fire alarm installation services. The current owners have never promoted the company. Further marketing would certainly increase activity as the business has all the infrastructure in place in terms of accreditations and staff.  
   
Competition: The business does no advertising in the traditional sense. It does have a very basic website and receives exposure through its memberships and accreditations but prefers to rely on word of mouth, referrals and exceptionally high levels of repeat business to generate revenues.  
   
Owner willing to train: The vendor would be happy to provide a comprehensive handover as required.  
   
Reason for selling: Retirement  
   
Seller Reference Number: GK280
BusinessMart.com Listing Number: 234250
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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