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Marine Electronics Equipment Supply And Installation Company For Sale

Portsmouth, Hampshire, UK
Asking Price:
£250,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
On request
Net Profit:
On request

This long-established family business was founded in 1992 and is a recognised and well-regarded specialist in onboard electrics and electronic systems design, supply and installation with a focus on marine navigation instruments and communication equipment.

The company benefits from dealership, certified install agent and service engineer status for several leading brand manufacturers of automatic identification systems, chartplotters, radars, autopilots, VHF radios, fish finders and satellite and entertainment equipment. It derives its income from product sales, provision of labour, support services and warranty work, with employees attending official continuous professional development training to ensure the relevant supplier certifications are upheld.

The business operates from shop fronted office premises, occupied by way of commercial lease, and is in a prime position in a profile marina. However, its service reach is far and wide with very little competition locally, it has clients located in boating hotspots on the south coast and some overseas. There is ample scope to grow the business further by opening additional offices in these locations and by expanding product range and supplier base.

The range of work delivered extends from straightforward retrofits of existing equipment to bespoke integrated systems design, supply and installation with ongoing maintenance support. It provides services to both leisure and commercial maritime sectors, including power and sailing vessels including classic boats, with projects both large and small. Clients include private boat owners, government organisations, corporate companies, other marine businesses such as boat builders, sailing schools and boat dealers, fleet operators and maritime charities which involves maintaining preferred contractor and first-contact relationships.

Property Information

Property:

Leasehold

Location:

Clients are located in boating hotspots on the south coast and some overseas. There is ample scope to grow the business further by opening additional offices in these locations.

Premises Details:

The business operates from shop fronted office premises, occupied by way of commercial lease, and is in a prime position in a profile marina.

Energy Performance Rating:
C

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

There is ample scope to grow the business further by expanding product range and supplier base.

Competition / Market:

Its service reach is far and wide with very little competition locally.

Reasons for selling:

Retirement of Shareholders

Trading hours:

Monday to Saturday 9am to 5pm (Saturday to 12:30pm)

Years established:
Founded in 1992

Other Information

Support & training:

Reasonable handover and training will be provided to support a successful transition of ownership.

Furniture / Fixtures value:
£27,500 - included in the asking price
Inventory / Stock value:
£40,000 - included in the asking price
Related Documents:
Relocatable:
This business can be relocated