Our Client has developed a unique monthly subscription-based model for boiler installation, maintenance and repair, without an initial downpayment, and now wishes to dispose of the portfolio of customers, who combined, are committed to providing the Company with around £9m of contracted revenue by 2031.
Already providing a risk-free and highly profitable monthly subscription revenue going forward, the client base would be of particular interest to a company operating in the boiler or heating system sector.
Our Client is seeking to divest of this portfolio from its larger group as it no longer fulfils a core function; however, there exists potential for a new owner to take advantage of the larger group’s Fintech platform.
Customer base of 3,500 customers, each providing contractual monthly subscriptions.
Customer contracts expire between 2025-31 with guaranteed monthly income until the contracts expire.
Renewal, cross-selling and upselling opportunities for any acquirer working in the boiler or heating systems sector.
Over 10,000 customers since inception, with a further database of 120,000 potential customers.
Current team operates the business on a day-to-day basis without significant input from the owner.
In-house CRM system and e-commerce platform in place.
Offer can include a further circa 6,000 service contracts together with additional national servicing coverage.
Fully relocatable business.
Annual turnover in excess of £1.6m.
Portfolio of recurring monthly subscription revenue totalling £9m.
Customer contracts expire between 2025-31.
Minimal Overheads mean that EBITDA expected to be around £1.7m in FY24.
Annual increase of 3.9% in monthly subscriptions.
Offers invited.
