Electrical Retailers for sale in Thetford

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Adam Warren (Jan 2017)
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Asking price: £345,000 Gross Profit: £114,085
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Business Description
Business
Hilton Smythe welcomes to the market intelliheat , which was established by our client in 2006 in the UK . Our client has genuine reasons to sell and would be comfortable in staying on for the transitional period or longer term in a consultancy basis if required.

IntelliHeat was born in 2006 in the UK and has been continually evolving ever since, they are main player in electric heating and have currently several lines of radiators of thermo dynamic eco design with WIFI connections along with bespoke pieces to private clients. A far cry from those large storage heaters from the 1980’s. The market place is continually expanding for example in 2002 around 250,000 electric radiators/storage heaters were sold in the UK. In 2018 that figure is expected to be around 2.5 million units and eco-friendly low emission is the way forward.

Having pioneered the advanced thermodynamic electric heating system on the UK market, intelliheat have been consistently developing and improving their controllable electric radiator systems. In addition, they have developed a range of future ready control systems which include retrofit smartphone automation systems, and the latest self-learning smart radiator technology, which is controllable through a smart app containing highly accurate energy monitoring software unique to the market

Since their inception, IntelliHeat’ aim has always been to maximize energy efficiency to both reduce fuel costs and deliver a more environmentally friendly heating solution. The products are unique on the UK market and have been manufactured and tested to the highest standards. Every heater in the range is designed to deliver efficiency, control, comfort and elegance to its user.

All intelliheat products comply to building regulations part L 1&2 , Eco design “Lot 20” (2018 legislation) and the following British standards: EN 60335-1, EN 60335-2-30 & 2-43 and EN 60675. All Intelli Heat products are Class II installed. L1A and L2A compliant. 3* NF Electricity Performance certificate. Heaters also comply with and exceed requirements set out in the new Lot 20 legislation.

Depending on the range, the radiators are manufactured in Italy and France and imported to the UK where they are sold.

The business is being sold with the website www.intelligentheat.co.uk along with many other associated websites. The company also has 5* ratings.

Housing associations, architects and developers across the country are only a few of the company’s clients. Most of whom bring to the company repeated business on a regular bases

The company also boosts a network of contractors who promote and sell their products, however, we feel that there is still scope to expand the business and move it forward once more.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Intelliheat is currently located in Thetford within Norfolk.

However, being a business only sale and orders being taken via the website, the business can be run from anywhere in the UK and would make an ideal add on to another reputable business.

Premises
As this is a business only transaction there are two sign written vans to be sold with the business and the computer system.

Tenure
This is a business only sale.

Hours
Opening Times

9:00 am to 5:30 pm

Staff
The business is run and managed by our client. There are two current support staff who work on as self-employed basis.

Financial Profile
To be advised.

Is this business relocatable: Yes

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04358
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