Electrical Contracting & Maintenance Company NICEIC Registered For Sale

Business description

This superb electrical contracting company was established by the current owner seven years ago. Since that time it has developed to be recognised as the electricians of choice in its locale, a busy part of Hertfordshire, adjacent to major towns and with close proximity to London with a reputation for reliability and good work.

This is a well operated electrical contracting business specialising in a large range of services, undertaking work within domestic and commercial sectors. The scope of works that the business undertakes includes building contracts, maintenance, rebuilding and development work.

The analysis of current turnover is as follows:

• Domestic business – 75%
• Commercial business – 25%

This business's commitment to good work and on time completion is paramount. All work is carried out to the highest standards in compliance with NICEIC (National Inspection Council for Electrical Installation Contracting) guidelines, guaranteeing a high level of workmanship. Working up to a 15 mile radius from its base, this business is always in demand and never short of work.

The business offers a full range of electrical services, carried out by skilled, qualified electricians who are equipped with fully stocked vans. The skilled staff can even go out of the way to give service. Regular repeat business from a multitude of high-end clients is testimony to the business’s unrivalled reputation for good work, reliability and on time job completion.

Our client strongly believes that this is an exciting opportunity for someone to purchase an established, profitable business with strong long term contracts provided by high-end clients. There is an excellent opportunity to grow the business further for new owner, simply by building on the existing platform and obtaining a strategic marketing.

Equipment:

This business is well equipped as would be expected for an operation of this maturity. Items include the latest test equipment, tools, ladders, drills etc. The business also carries a stock of essential consumables. The business has two vans, both of which are sign written.

Technology

The business is fully computerized with QuickBooks used for accounts and invoicing.

Customer Service:

The business provides excellent customer service and advice for any electrical contracting requirements as it understands the importance of what other people say tomorrow after the job is done and the need to be there when the client requires you to be.

This business is the natural choice of customers old and new. Its reputation for quick response, quality work and fair pricing has meant it has thrived while others failed. This customer service is further backed up by the company’s inclusion in the membership of NIC/EIC for past four years.

Key Strengths:

Having over several years of experience in the industry the business has established an enviable reputation for reliability, competitive pricing and high levels of client service. The business has an excellent and loyal team of skilled staff.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of
Turner Butler.

Annual Turnover is circa £235,000 generating a gross profit of circa £84,000 and net profit of circa £14,000. The adjusted net profit of the business is circa £65,000.

Property information

Location:

This business is currently run from the vendor’s home making it fully re-locatable.

Other information

Expansion potential:

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

This will best be achieved by an owner with an understanding of the value of this business’s specialist expertise and its advantage as a component alongside other building services

Competition / Market:

Having been established over seven years this business does little by way of advertising, enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for its unique, high quality product range and customer service. The business further advertises in a local directory.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

Our client reluctantly places this thriving business on the market as he has other business interests that are all proving to be time consuming.

Trading hours:

Monday – Friday 8 am - 5 pm.