Electrical repairs/Electricians for sale in Durham

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John Peacock (Feb 2017)
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Leasehold Price: £250,000 Annual Turnover: £813,000 Annual Gross Profit: £308,000
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Business Description
This Electrical Contracting Specialist was established some 120 years ago. In that time it has positioned itself as a first class supplier of Electrical Contracting Services across the North East of England, operating mainly within the domestic sectors, and to a lesser extent commercial and industrial.

Fully NICEIC approved (both contractor and domestic level) this business provides a comprehensive range of electrical services to some of the largest organisations in the region including councils, schools and housing associations, who are responsible for large volumes of housing stock. In addition to this it also provides domestic electrical services and to a much lesser extent industrial services (circa 5% of current revenues) to customers.
The company employs an experienced and highly professional workforce capable of managing and undertaking all sizes of projects from conception to full implementation and ongoing maintenance.

Approximately 95% of current business is from a core of repeat customers, many of whom have ongoing contracts in place, who value this business’s exceptional levels of service developed over the 120 years of its operation. Staff understands the need to be 100% reliable and this has helped the business develop many long-term client relationships. This business’s commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant BS codes. Staff are highly qualified, technically very adept, highly motivated and take pride in their work. This ensures the job is always completed to meet the most exacting customer requirements. As part of this the business is proud to hold the “Investors In People.

This is an excellent opportunity to acquire a long established, extremely well run and profitable, electrical contracting business with a very significant customer base. The business has achieved similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.
Trading Hours:
0800-1630 Monday- Thursday
0800-1530 Friday

Number of Employees: 11

Tenure: Leasehold

Competition:
The business does no advertising in the traditional sense. It does have a very basic website and receives exposure through its memberships and accreditations but prefers to rely on word of mouth, referrals and exceptionally high levels of repeat business

Support & Training:
The vendor would be happy to provide a comprehensive handover as required.

Location Details:
Teesside/County Durham
The business operates from a large rented two-storey workshop/warehouse ideally located to serve the region. Premises are secure. It also has additional storage units.

Leasehold Term:
Current rent is circa £9,000 p.a. renewed annually. Business is currently being sold as leasehold or relocatable but we are advised the freehold could also be made available to a new owner if so required.

Is this business relocatable: Yes

Listed by: Turner Butler

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GK280
Seller Reference:
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