Engineering companies for sale in Lincoln

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Service Businesses - Service Engineering Companies

Lincoln, Lincolnshire, England

  • Leasehold Price: £650,000
  • Annual Net Profit: £146,213
Seller Reference: 4955
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Business Description
Service Businesses - Service Engineering Companies
Seller Reference: 4955
Request Details
Business Description
Service and contract sales of vacuum cleaners. Contract receipts are £16,300 per month net and rising year on year. Modern fleet of vans. Smart office accommodation.

This family owned Company commenced trading 9 years ago. They operate from modern premises close to Lincoln City centre & specialise in the service & repair of vacuum cleaners. Additionally, they offer contract service agreements to customers; this provides a substantial & regular income stream. Repeat and new work is generated and controlled by 10 employed staff. Service engineers are self-employed and enjoy the use of the Companies van fleet ( 8 vehicles ).

Audited turnover for the year to 31.3.16 was £604,193. draft accounts for the year to 31.3.17 show a turnover of £624,320. Net profits exceed 25%. The owners have initiated Government compliance inspections to assure third parties of their business practices. As such, this business is now rated excellent in all areas.
The owners will provide full initial support to purchasers.
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