Total of 18659 firms and businesses for sale today Saturday 18th May 2024
Sold. Gas Boilers/central Heating Supply & Installation Of Gas Fires/fire Surrounds & Kitchen/bath
LISTING DETAILS
Firms For Sale ID:
24246
Vendor reference:
GJ015
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£395,000
Turnover / revenue:
£500,000
Net profit / cashflow:
Undisclosed
Years established:
20
Trading hours:
Monday to Friday: 8.30 – 5.30
Saturday: 9.00 – 1.00
Number of employees:
7
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale as both owners have reached the age when they wish to retire and pass this thriving business on to younger hands that can drive this business forward to the next level of growth
Support and training:
The owners are prepared to offer full support and training to the new owner and to pass over all contacts and contracts etc.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises were originally on a renewable 15-year lease but the relationship between owners and the landlord led to a renewable yearly lease being implemented to give the business greater levels of control over the future direction of the company.
Rent for these well-located and desirable premises are currently £10,000 per annum with approx. £4,000 payable for business rates.
BUSINESS DESCRIPTION
Gas Boilers/Central Heating Supply & Installation of Gas Fires/Fire Surrounds & Kitchen/Bathroom Appliances
Ref.GJ015
Location South London / Surrey
Asking Price £ 395,000
Having originally served their time as Heating and Ventilation Apprentice’s for the major gas supplier in the UK, the owners established this business in 1987, following which this business has grown steadily, generating turnover of over £620,000 for the most recent year for which figures are available and now employs five engineers, all of whom are Corgi registered, plus additional sub contract assistance if required.
The engineers of this business work within the domestic market and have carried out more than its fair share of bathroom and shower installations plus the installation, service and maintenance of gas boilers, full central heating systems, gas fires and fire surrounds. Whilst still remaining within the domestic sector, an increasing proportion of business is as a result of relationships this business has developed with a number of local and regional building developers and councils. A particular area of recent growth has been the contract maintenance side of the business, which still has much growth potential.
The cornerstone to the success of this business is its honesty and integrity, this business prides itself on its quality of work. All of the staff employed by this business are highly trained, vastly experienced with a wealth of product knowledge which ensures that jobs are consistently completed to the highest standards and with the minimum of disruption to the customer. As a result a large proportion of work for this business arises from excellent referrals and recommendations from satisfied Clients, testimony to the excellent reputation this business has established throughout the years of its operation for providing a very high level of customer service at a very competitive price.
Expansion Potential
This is an outstanding opportunity to build on the existing products, services and customer base of this business. The foundations for the next period of growth are already in place, and with a new owner contributing fresh ideas, energy and enthusiasm the business will reap the benefits in terms of turnover and profit.
The current owner suggests that the strong demand for the services offered will continue and new avenues of business can be obtained, including the increase of the contract maintenance side of the business. The other area of industry that will benefit is the fitting of solar heating. The government have announced that financial help and grants will be forthcoming in the near future to help reduce our carbon footprint. This can only lead to an increase in solar heating systems in the household.