Location: Derbyshire
Asking Price: £475,000 + Net Assets
Asking Price Includes:
Turnover of c. £660,000
Gross Profit: £323,000
Adjusted Net Profit: £165,000
Over 37 years trading
2 superbly presented websites
Substantial forward order book
Long established trade relationships
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long-established electrical contractor and solar PV panel installer.
Business Profile:
Nearly 40 years established this specialist electrical contractor provides a vast array of services. Alarm and CCTV installations, electric gate installations and on-going maintenance, Electrical Condition Reporting for domestic, commercial and the Private rental Sector, fire alarms and emergency lighting, PAT testing and all electrical installation and repairs. They are also very respected solar PV and battery storage installers registered since 2010.
Customer Service:
The business prides itself on exemplary customer service. This is borne out by a significant number of very positive testimonials, examples of which can be seen on both websites.
Key Strengths:
A long time established business with an exceptional professional reputation. Owner managed with five experienced, trusted staff members. The business benefits from strong organic growth and recommendations.
Financial Performance:
The goodwill in 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.
Turnover c. £660,000
Gross Profit c. £323,000
Adjusted Net Profit c. £165,000
Asking Price:
The Asking price of £475,000 plus net assets is for 100% of the issued share capital of the company. Assuming net assets of £35.000 (mainly vehicles) at completion (calculated on a zero cash-zero debt basis).
Reason for Sale:
Retirement.
