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Blacks Brokers are pleased to bring to the market this long established, highly profitable and well known electrical contractors business in Malton, Yorkshire.
Laycock Electrical has been trading since 1958, with a business of a similar nature within this location since the late 1930’s. Our client took ownership in 1991 and has enjoyed developing this business into the very busy, well known and highly reputable company it is today. The business offers a full service for all aspects of electrical works across the Domestic, Commercial, Agricultural and Industrial sectors. These range from a full 3 phase industrial installation through to small domestic work and general maintenance and repair.Our client now offers for sale due to retirement, and we therefore have this opportunity available – it is rare that a business of this nature and of this calibre is offered for sale on the open market.
Situated on a small industrial estate outside Malton, the business is housed within a large industrial unit which is mainly a base for the electricians. The unit has 4/5 parking spaces, a secure, metal roller shutter front with storage area and small office. The majority of the customer base that the business has in place is located within around 30 miles of Malton. Customers are split into private consumers accounting for approximately 60% of work and the remaining 40% is Commercial, Agricultural and Industrial. Work is calculated to be profitable, so large scale, time costly work is kept to a minimum. The company really trades on its name, having been trading since the 30's and incorporated in the 50's. The 2 time-served, full time fully qualified electricians are self sufficient, meaning that the business functions well with minimum input from the owner. The company is N.I.C.E.I.C. and Government Trustmark Scheme registered and approved contractors. The business sale includes two commercial vehicles, a Citroen Berlingo - 57 plate which is a 1.6 diesel and a Renault Traffic - 59 plate and a 1.9 diesel. There is also an array of personal electrician equipment included in the sale of which a full inventory can be made available on request.
The business currently generates an annual turnover of £113,277 with a rent of only £69 per week. Viewings are requested by appointment only and out of working hours where possible. Early interest and completion is highly anticipated, viewings are advised as soon as possible to avoid disappointment.Fixtures:
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