Business
Please quote reference B06403

CoGoGo is delighted to bring to the market an award-winning business that designs and installs solar powered and electric gates for both major industries around the UK along with private clients. The business has been under the careful and meticulous ownership of our client since 2010, and only now has the business been introduced to the market as it is their desire to take well-earned retirement.

Solar and Electric Gates Ltd design, develop, manufacture, and retail a range of Solar powered 12 and 24V DC motors to power automatic gates, vertical lifting barriers plus associated equipment such as safety infrared sensors, and key fob receivers, the company worked very closely with KMC Electronics based in Telford to produce a new plug & play electronic control board which would enable quick and easy installation for users.

The business has an impressive list of previous clients including –

• Jaguar/Land Rover – Vertical lifting solar barriers
• Royal Family – Solar powering automatic gates at Sandringham plus road flashing light system at the Queens stud in Basingstoke
• Belfour Beatty
• Colas UK
• Eurovia
• Ringway
• W H Martin
• Southwest Highways
• Scottish Highways
• HPC Nuclear Power station.

Marketing activities have been provided through the company’s website and occasional displays at appropriate exhibitions mostly Traffex for the Highway industry which is held at the NEC Birmingham.

Enquiries for their products have been received from around the world including the US but with such limited resources, these enquiries have not been pursued to date apart from one or two extremely potentially lucrative enquiries such as for a potential order for 100 of their rapid deployment road barriers for controlling traffic at this year’s Olympics in Tokyo, Japan.

Various industry tooling and equipment is to be included in the sale along with a limited amount of stock parts.

This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector, which is already established or for an experienced operator looking for an additional business with attractive products and potential income stream.

Very rarely do businesses of this calibre come to the open market therefore, early enquiries must come highly recommended to avoid disappointment.

Location
The business is currently located in Yelverton, Devon but offers UK coverage, due to the nature of the sale, the business could easily be relocated to suit the location of the potential buyer.

Premises
N/A

Tenure
We are advised that the business is being sold on a Business Only basis. 

Hours
The business hours are- 

Monday – 09:00 – 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 17:00
Saturday – Closed
Sunday – Closed

Staff
We are advised that the business has 2 full-time members of staff. 

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £100,000, with an adjusted net profit in the region of £20,000. Full financials can be made available upon further request.  

Please quote reference B06403