Business Profile:
This business sale represents a fantastic opportunity to enter a true growth market with limited competition, and the backing of several premier manufacturing companies at the forefront of the renewable energy industry. This business delivers renewable energy solutions from leading manufacturers to both the commercial and domestic sector. The company has a wide range of technical knowledge and offers completed design, installation and maintenance packages for Ground Source and Air Source Heat Pumps, Solar PV, Battery Storage and Electric Vehicle charging points. The ability to offer such a range of solutions gives the company a balanced set of income streams.
The company was formed after the founding director identified a market opportunity for a high quality, bespoke service following eco energy consulting work with North Cornwall Council. The company now provides design, installation and maintenance services to both commercial and domestic customers across the South West and beyond as their excellent reputation spreads. Many of the commercial customers are very high profile and repeat business rates are excellent.
They are trusted UK installers for several premier manufacturers (having achieved the required quality and customer service standards) and offer the following core services and revenue generators:
- System design and innovative solutions
- Supply and Installation
- Servicing and Warranties
Homeowners, property developers and businesses are realising that energy use is a focal point for all areas of society and that investment in renewable energy sources is now a must.
Equipment/Facilities:
All equipment, fixtures and fittings are included within the sales price. The company will have a net asset position at completion of circa £250,000 made up of fixtures and fittings, plant, equipment and stock. There will be a £ for £ adjustment to the final sale price to reflect any movement away from this net asset position.
Customers
The company has a good split between commercial and domestic customers and has high levels of client retention due to their exceptional knowledge and the ability to offer a multi tech approach. The reputation of the business has created a strong level of referred business and repeat business is very common.
Customer Service:
This is a key area of strength for this business. The company has a very high level of customer service and enjoys the excellent client retention that this brings. It is a quality driven organisation and has been selective in partnering, with high quality supply partners. It has a superb level of technical expertise and industry knowledge.
The company reputation is backed up with the following accreditations and memberships.
- MCS (Micro Certification Scheme)
- OLEV (Office for Low Emission Vehicles) Authorised Installer
- HIES (Home Insulation and Energy Systems) Quality Assured Contractor
- TESLA Certified Installer
- RECC (Renewable Energy Consumer Code)
- NICEIC Approved Installer
Key Strengths:
The company is financially stable and operates from ideal premises. It is growing year on year in terms of customers and financial performance and it consistently generates impressive profits.
The business is a multi-skilled operation that can undertake a large variety of projects due to the impressive infrastructure it has in place. It has many offerings and generates multiple revenues streams. The internal skills are high and the company’s reputation is very strong.
The company has a large database of clients for data analysis and marketing.
The business is now established and profitable and has UK distributor agreements with several premier manufacturers.
The company has a new online approach with a new website and use of search engine optimisation which will raise their profile with new potential clients.
The company has earned an outstanding reputation for its honesty, integrity, technical ability, service and reliability.
Growth and Expansion:
The renewable energy market is seeing strong growth at present and this is expected to continue in the short, medium and long term in light of rising costs for traditional fuels, dwindling supplies and environmental pressures. This business is ideally positioned to take full advantage of this.
The renewables sector will continue to develop and grow as acceptability and dependency on fossil fuel declines. Governmental strategies will continue to support this sector going forward.
Key Opportunities:
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's environmental products and exclusive supply rights, a new owner contributing more resource and energy will have every advantage of building on an excellent platform. This business is well established and all indicators suggest the business is ideally positioned for its revenues to continue to grow significantly in the coming years.
Further development of the digital presence and database analysis/marketing will naturally create more opportunities, as will securing added value from its existing client base.
As more businesses recognise the benefit of control of their energy costs, the outlook for B2B sales are strong and the company has an excellent track record of retaining Business clients after consultation.
The explosion of electric vehicles onto the market is going to be one of the significant changes of the next few years and the company is already an industry leader in this area. The opportunity to push this service is huge and faces limited competition the south west.
Advertising and Marketing:
The business has a highly informative website and suite of brochures and marketing literature. It has a very strong referral network and repeat business is commonplace.
Employees:
The 2 major shareholders/directors (a husband and wife team) work in the business on a day to day basis. The business also has 10 technical staff members and three office based staff. Some installations are carried out with the assistance of trusted subcontractors.
Business Hours:
0830-1700 Monday to Friday
Premises:
The business operates from a facility providing storage and car park. A new lease will be granted on terms to be agreed and rent will be circa £15,000 p.a.
The freehold is owned by the company and will be removed from the company prior to a sale. The business could be re-located if the buyer wished.
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.
The 2024 Accounts show turnover c£2.463m pa Gross Profits circa £574,000pa. and EBITDA of circa £343K after allowing for replacement salaries for the directors.
The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £250,000 (stock (£125,000), plant, debtors, equipment and fixtures and fittings). There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.
Reason for Sale:
The owners are planning their exit strategy due to pending semi-retirement.
Support and Training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. This should be a relatively seamless process as the remaining Technical staff have excellent knowledge.
The vendor would also be prepared to stay on within the business for a further period of time as a consultant should a new owner so require, subject to negotiation.
