Business for sale

Business description

Advent Business Sales is delighted to have
been instructed to offer to the market this
very busy and popular electrician.
Established over 6 years ago by our vendors,
the business is only now being reluctantly
offered for sale as one of the two owners has
decided to move away from the area.
The business is able to carry out any type of
electrical task including:
• New build or repairs to industrial
buildings
• Residential
• Agricultural
• Local authorities
• Equestrian
• Renewable energy and estates
90% of the business is carried out within a
30 mile radius of the county, so travelling
times are kept to a minimum.
The business has 5 full time sub contractors
as well as the two vendors both full time.
They achieve a £15 per hour gross margin for
all the staff and with very minimal
overheads are virtually guaranteed excellent
annual profits on a consistent basis.
Although one of the vendors is leaving the
area, the other is quite prepared to stay and
work with or for a new purchaser.
The business is based in a small rural farm
building but pays no rent or rates but
instead carries out any electrical repairs free
of charge as a form of barter.
The business would ideally suit another
established electrical contractor as a ‘bolt on’
business or to an investor who could afford
to put in a manager to run the business and
still take a healthy return on the investment.
We are advised that stock at cost is
approximately £5,000.
REF: 8949MK
TRADING HOURS
Mon-Fri: 7.30am – 5.30pm
EXPANSION POTENTIAL
This is clearly a very successful business, it
still however, has good scope to increase both
sales and profits substantially by:
1. Increasing the low standard hourly
charge out cost
2. Broaden the narrow working area
3. Take a margin on the bought in parts
which with some customers are sold
at cost
4. Advertising, none is carried out
presently
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £300,000
Gross Profit: £162,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Approximately only 200 sq ft with an option
to increase to 1000 sq ft if required of farm
buildings.
Own shared good car park – lots of spaces
Shared facilities
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.