Overview
Description
The business specialises in mechanical and electrical servicing, installation, reactive and maintenance solutions.
The company is ideally placed to achieve further growth due to its lucrative blue-chip client relationships and multiple streams of contracted income. The business operates predominantly on a B2B basis across the North East; however, some services can be offered to domestic individual clients. The business is now being offered for sale due to our clients’ lifestyle changes. Our clients are open to all types of structured offers, subject to negotiation. Offers invited. Turnover in excess of £1.7 million in YE23. Increase in turnover of 16% from YE22 to YE23. Projected YE24 turnover expected to exceed £2.1 million. Operating within a stable market, which is expected to increase at a CAGR of 7% through to 2027. Benefits from over 100 active clients, 90% of whom provide repeat business on an ongoing basis.
Relationships with clients span across 12 years. Several contracted streams of income via service agreements, which makes up 25% of overall turnover. Operates from freehold premises, with a current estimated market value of £200,000.
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