Security for sale in Durham

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S Martin (Feb 2013)
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Asking price: £34,500 Price Reduced Turnover: £26,204 Gross Profit: £15,371
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy security system installation, repair and maintenance business in the north east of England.

The business was established by our client in 1982 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 6 days per week with our client on a 24 hour call out and according to the accounts ending February 2015, generates a turnover in the region of £26,200 per annum, with a gross profit of approximately 59%.

Our client specialises in domestic and commercial electronic security installations, maintenance, servicing and fault finding. The business has built up an enviable reputation within the area for the high quality of the services offered, which has resulted in a good client base with a high volume of repeat trade. Our client currently has a customer base of over 1,000 clients.

We feel there is scope to increase the turnover by expanding the geographical area covered. A new owner could also embark on a modest marketing campaign to advertise the excellent services offered. The business would also benefit from the launch of a website to promote the business.

This is an excellent opportunity for a new owner to take this well-established security business to the next level, or it would be a fantastic bolt-on to an existing business; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
This well-established security business is currently run from our client’s home address in the north east of England. The business is fully re-locatable and could be run from anywhere within the area or further afield.

TENURE
We are advised business only.

HOURS
The business currently operates:

Monday – Saturday: 9.00am – 5.30pm

Sunday: Closed

Our client operates a 24 hour call out system.

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
According to the accounts ending February 2015, generates a turnover in the region of £26,200 per annum, with a gross profit of approximately 59%.




Listed by: Hilton Smythe
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