Engineering companies for sale in Cwmbran

View the "Pritchard Services 2011 Ltd Cwmbran NP44 7PG" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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David Binder (Nov 2017)
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Leasehold Price: £250,000 Turnover: £406,451 Gross Profit: £282,391
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Business Description
Business
Hilton Smythe welcomes to the market Pritchard Services 2011 Ltd. This specialist business is a very well-established commercial and domestic plumbing/heating Engineering business serving both oil and gas.

The business covers all aspects, including, installation, breakdown and maintenance, together with a bespoke system design service, which the owners tell me is fairly unique with this type of business.

They also cover air conditioning and electrical which is sub contracted out. A new owner should consider bringing this service in-house, which could make the business even more profitable.

Experts in air conditioning, renewable energy and many other heating services. The business is able to supply, install and maintain a variety of heating systems to suit customer’s needs, having experience of providing support for both domestic and commercial customers, designing a suitable system and then installing it.

The business itself has been run by one of the current owners for more than 20 years and together as a LTD company for the past 6. The owners are now looking towards a very well-earned retirement.

Location
Pritchard Services 2011 Ltd is situated in Cwmbran, Newport and covers a wide area to include, South Wales, Gloucestershire, Herefordshire and Bristol.

The area is well served by the M4 motorway together with many A roads giving easy access to all the areas covered and beyond.

Premises
The premises are set within a good sized purpose-built unit covering 138.6sqm, on a modern industrial estate and briefly comprising:-

Useful office area having 2 desks, chairs etc,
Large WC,
Storage cupboard.
Spacious workshop area, (part first floor storage area over),
Access is via a full height roller shutter door and also a separate doorway if needed.

From the doorway a further office area could easily be created if required.

There is also plenty of communal parking when needed.

Included in the sale are 4 vans, 3 Berlingo’s and 1 Dispatch and some specialist equipment.

Also included is an easy to use website, which brings in a lot of business in the areas covered.

The buildings benefit from a fitted alarm system (not working at present) and double glazing.

Tenure
We are advised that the business is being sold as a leasehold opportunity, with a 3 year renewable lease. The rent payable is £8,499.96 per annum.

According to the VOA website the current rateable value is £9,100 with rates payable of £2,350 per annum.

We are advised that the business is being sold as a leasehold opportunity, with a 3 year renewable lease. The rent payable is £8,499.96 per annum.

According to the VOA website the current rateable value is £9,100 with rates payable of £2,350 per annum.

Hours
The office opens normal office hours Monday to Friday, however the business is open 24 hours a day for emergency call outs.

Staff
The business is currently run by the owners and 3 full time engineers.

Financial Profile
The accounting information shows a turnover of £406,451 for the year ending March 31st 2016 with a gross profit at circa 70%.

We understand from the owners that this has continued to improve with a forecast turnover for 2017 of around £467,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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