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High Profit, Niche Electrical Eng Business - for Sale - Continuing Growth and Record Profitability

Birmingham, West Midlands, England

  • Leasehold Price: £120,000
  • Annual Turnover: £113,128
  • Annual Net Profit: £73,976
Seller Reference: 36971-81391
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Business Description
 
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Seller Reference: 36971-81391
Request Details
Business Description
Niche business with Record Profits and Sustained Growth
The business currently operates from a small workshop. The Operation will need to be transferred to the prospective buyer’s premises. The business has run successfully for many years based solely on product reliability, customer service and an excellent reputation leading to continued repeat and referral business.
The business has just delivered record turnover levels over the last two financial years.
Turnover for 2018/19 up to £140K a further increase of 20% on previous year. A 65% increase in 2 years.

The business currently operates from a small workshop. The Operation will need to be transferred to the prospective buyer’s premises. The business has run successfully for many years based solely on product reliability, customer service and an excellent reputation leading to continued repeat and referral business.
The business has just delivered record turnover levels over the last two financial years.

Potential Growth The drive for sustainable energy, the need to improve infrastructure, along with the need to ensure we preserve the environment for all flora and flora is generating an increasing demand for the company’s products.
The Government is currently delivering over £450billion in 143 major UK projects. Many of these will have a significant environmental impact, which will increase demand for equipment.
The following planned/existing projects may be of significant environmental impact and therefore may lead to increased demand for/interest in electrofishing equipment:
• Thames Estuary Asset Management Programme - due to end by 2025
• Thames Tideway Tunnel - due to end by 2023
• Lower Thames Crossing Feasibility - due to end by 2026
• Highways England A14 road scheme
• Midland Mainline Programme – 2024
HS2 - In Feb 2017 Royal Assent was granted for phase 1 of the project to commence - London to the West Midlands – You can find out more information about this project here. It is worth noting that conservation is already high on the agenda for HS2 as this project in Warwickshire demonstrates.

The demand increase can clearly be seen if we review latest accounts and current forecasts for 2019 - 2020

Additionally, we would expect demand to increase due to similar drivers internationally. Orders have been received from USA, South America, Europe, Middle East and Asia. Our preliminary market research shows significant interest in major markets.

Trade highlights
- Over 80% repeat business
- Technical knowledge ensures that a solution can be found.
- Build, inspection and testing processes, both in house and on site, are in place for all products.

Conclusions
• Sales and profitability have continued to grow

• Significant export potential

• Opportunities to enter new markets

• Revenue from product sales and site maintenance

• Customer service is paramount

• Continuing to develop new products to satisfy future requirements

• Increase in large scale projects with environmental impact drive business growth.

• Sales increased by over 30% in last 12 months

• Consistent growth over previous five years

• The business has delivered record turnover for the last two years.

• Outputs generate consist high Gross Profit

• Low Overheads

Key Financial Information
Annual Turnover:

2018 £140,000 Accounts to be finalised
2017 £113,128
2016 £85,132
2015 £57,529
2014 £73,945
2013 £77,055 Facilities Competitive Overview A Niche Electrical Engineering Business which specialises in the design, manufacture, supply and full after sales service of Specialist equipment. Products supplied range from low power battery powered portable units to high power, high voltage machines powered by a generator.
The reputation of the business, the focus on customer service, and product quality has led to repeat orders from government agencies, resulting in significant improvements to company revenue and profitability. The business has become the automatic choice for its key customers.
The business has been successfully trading for over 35 years (under various trading names). All product supplied is electrically tested and final inspected on site and is supplied with a three-year parts and labour warranty. All products are proven and demonstrate the robustness of both the design and Manufacturing process. Indeed, some of the first machines supplied 35-40 years ago by the owner are still in operation today.

The current owner wishes to enjoy his retirement and thus is in a position to put the business on the market.

The purchase of this debt free, high reputation business with year on year growth is inclusive of:
Website
Any specialised tooling.
Intellectual property
Customer database
Stock of standard supply parts

The owner will help recruit as appropriate and train staff and give 3 months technical assistance to ensure a smooth handover.
He will also provide ongoing technical assistance on a consultancy basis
Showing Instructions Highly Confidential Must Contact Listing Agent for Instructions Showing Comments Contact Agent
Trading hours:
6-5
Number of employees:
3
Tenure:
Leasehold
Competition:
Competitive Overview High Profit Specialist Electrical Engineering business with follow on government contracts and significant potential for growth
Support and Training:
8 weeks
Listed by:
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