For Sale Electrical Contractors South & South West Of England

Location: South Somerset

Leasehold price: £400,000

Annual Turnover: £600,000

Annual Gross Profit: £200,000

Business Description

Founded nearly 60 years ago, this highly respected & owner-managed business supplies an extensive range of electrical work to both domestic & commercial customers. Accredited with the National Inspection Council for Electrical Installation Contractors (NICEIC) and the Security Systems and Alarms Inspection Board (SSAIB), the business enjoys multiple income streams which provide a basis for further expansion including:

•electrical installations – commercial, domestic and new build premises

•electrical maintenance & servicing

•electrical inspecting and testing

•PAT testing

•fire alarms and emergency lighting- installation and servicing

•intruder alarms – installation and servicing

•maintenance contracts – approximately 200 maintained alarm systems

•electrical heating and design

•24/7 hour call-out

The business has enjoyed consistent annual turnover of approximately £600,000 over the last 5 years. In addition, the business benefits from an extensive customer base, including large corporate clients, a favourable customer return rate and a large customer database. Its customer satisfaction surveys demonstrate a 5 star rating from 97% of its clientele.

In addition to its multiple income streams and robust customer base, the business’ favourable geographic positioning provides scope for further expansion in the South & South West of England.

Besides the two owners, the business employs one administrative staff member, 6 qualified electricians and one apprentice.

The business’ base comprises an office, store, kitchen & WC and is available on a leasehold basis for an annual rent of approximately £12,000.

If the owners’ pricing aspirations are met, they will consider retirement but would be happy to provide a handover for the incoming buyer.

Potential buyers include:

•existing electrical contractors wishing to expand in or enter this geographical area

•existing electrical contractors wanting to diversify their income streams

•plumbing and heating contractors or mechanical engineers wishing to acquire electrical contracting “knowhow”

•businesses pursuing a buy-and-build strategy in electrical or related sectors

•owner managers / investors interested in acquiring a scale-able business with a strong & consistent financial track record

Further information is available to interested parties under a confidentiality agreement.