Intelligent Business Transfer are pleased to bring this extremely well established business to the market in a strong position.
This popular Electrical Contracting business has been profitably trading for over 50 years and has recently grown furthermore.
The business is positioned in the desirable market town on Malton which is just off the A64 in North Yorkshire. This allows for practical accessibility as well as a near monopoly dominance on the local market where serious competition is scarce.
The business offers a full service for all aspects of industrial and commercial agricultural and residential electric. These range from a full commercial wire instal through to general maintenance and repair. The business has recently prioritised the less demanding and high profit jobs over larger and longer term contracted work.
The current owner purchased the business is a strong state and has had success with the growth of the business without getting involved in the practical side. There are 2 time served full-time fully qualified electricians. The company is registered NICIEC, ECA & the government Trustmark scheme.
The business has shown tangible profits for the past number of decades. Currently the net profit can comfortably be adjusted to over £75,000. This would suggest a strong bolt on opportunity or any exiting concern wishing to develop a lucrative territory.
The business has reached such a position of strength that it no longer needs to advertise and relies solely on a strong reputation and word of mouth. This also allows for the business to price highly and profitably.
There will be a full asset list and accounts available upon completion of a non-disclosure-agrement.
The owner is now looking to retire after a successful term managing the business.
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