Relocatable Highly Profitable Builders & Electrical Contracting Business
Business Type:
Service Businesses
Advent Business Sales is delighted to have been instructed to offer to the market this very well established and profitable niche builders and electrical contracting business.
Founded by the present vendor over 6 years ago, the business is only now being reluctantly offered for sale as he and his family are planning to emigrate to Australia.
The business has excellent working arrangements with local loss adjustors who pass him details of fire and restoration insurance work, church repairs etc for him to quote against, this type of work accounts for approximately 70% of turnover.
The remaining 30% of turnover is made up of electrical contracting work for a local builder.
All work is carried out within an 80 mile radius of his home and work is contracted out to others on either a ‘CIS voucher’ basis or against an invoice.
All costs are agreed in advance which will leave a 35% mark up to cover the overheads of the business.
Sales in the year to November 2008 were £522,535 with a gross profit of £135,489, overheads are very minimal.
The only employees of the business is the vendor who works full time and his wife who works approximately 20 hours per week on book keeping. The business can call upon up approximately 15 experienced sub contracted workers, who he knows will do a good job.
The vendor is willing to work with a new owner to ensure a smooth transition and to give the necessary introductions to both customers and sub contractors alike.
This is an ideal ‘bolt on’ business for an experienced contractor looking to expand in the area, for an ex pat coming back into
the UK or for a project manager looking to strike out on his own for the first time.
REF: 9563DY
EXPANSION POTENTIAL
This is clearly a very successful existing business, which is very realistically priced to sell. It still offers however, excellent scope to increase both sales and profits by:
1. Covering a larger area than at present, the insurance loss adjustors have intimated that more work could be placed if they were interested
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
The business, which is currently run from the vendor’s home, is currently based in a residential area in the West Midlands
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Business Services that may be of Interest:
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