Business for sale in United Kingdom – North Wales – Wales – Gk231-electrical contracting business industrial and commercial niceic approved-north wales

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Business for sale in United Kingdom - Gk231-electrical contracting business industrial and commercial niceic approved-north wales

Asking Price: 345,000 £ Real Estate: Lease
Sales Revenue: 1,800,000 £
Net Profit: 1 £
Year Established: 1948
Employees: 23FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/Wales/North Wales

Business types:


Business categories:

Electrical Contractors ; Heating, Ventilation & Cooling (HVAC) Contractors

Business description

this electrical contracting specialist was established in the region some 65 years ago and in that time has established itself as a first class supplier of electrical contracting services in both the industrial and commercial sectors of the market. Fully nic eic approved this organisation provide services directly to many large blue chip organisations and public sector bodies as well as to some of the largest developers and main contractors who are active in the region. The client mix is strong and approximately 50% of revenues are from the public sector, the remaining 50% being within the private sector. The company employs an experienced management team and a highly professional workforce capable of managing and undertaking all sizes of projects from conception to full implementation and ongoing support, upgrade and maintenance. This turnkey solution is key to many of their customers. This business installs and maintains all kinds of electrical equipment and has experience in every aspect of its sector. Working from well-suited premises the company has an experienced team, handling projects from minor works to major contracts. Niceic approved, this profitable business provides its range of electrical services to a very loyal and established client base. Working typically from a 50 mile radius of its base this business is always in demand and never short of work. Over the 65 years of its operation, this business has built an enviable reputation for providing a professional, prompt and comprehensive service with high levels of customer service. The staff understands the need to be 100% reliable and this has helped the business develop many long-term client relationships. This business’s commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant bs codes (including bs8555:2003 for environmental management). All staff are highly qualified, technically very adept, highly motivated and take pride in their work. This ensures the job is always completed to meet the most exacting customer requirements. With turnover for the current financial year projected to reach £1.8 million the business is still managing to post impressive figures despite the difficult market conditions we are all experiencing. This is an excellent opportunity to acquire a long established, extremely well run and profitable, electrical contractors with a very significant customer base and full accreditations. The business has achieved very similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.

Additional information

Additional information: Not Disclosed
Support & training: The current owner would be happy to provide full training and support at handover.
Reasons for selling: The vendor now wishes to spend more time pursuing his own hobbies and past times
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The business currently operates from freehold premises that are also owned by the business. The vendor is happy to sell the freehold with the business or for the new owners to lease it should they require or for it to be relocated. The business benefits from enjoying small business relief and currently enjoys zero rating for rates. Premise comprises offices, small yard and small storage facility. It is understood the freehold is worth circa £150,000. Please note the asking price of £345,000 excludes the freehold.
Location: Not Disclosed

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