BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£160,000
Turnover / revenue:
£570,000
Net profit / cashflow:
Undisclosed
Years established:
59
Trading hours:
Monday – Friday As required
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
BUSINESS DESCRIPTION
Electrical Retailer and Contractor
Ref.AI020
Location High Wycombe, Buckinghams
Asking Price £ 160,000
Formed in 1953, this business is an extremely long standing electrical contractor and retailer. Situated on the outskirts of High Wycombe, this business services both the commercial and domestic sector with approximately 80% of its turnover coming from its commercial Clientele which includes three local London Boroughs and Education Authority, as well as several other companies within the area.
This business installs and maintains all kinds of electrical equipment and has experience in every aspect of its sector, including testing and certification. Working from well-suited retail premises the company has an experienced team of regular, long standing employees, on whom to call for all work. These employees work exclusively for the business and are all experienced and fully qualified personnel. NICEIC approved, this profitable business provides its range of electrical services to a very loyal and established client base. Working at up to a 50 mile radius, this business also undertakes a large volume of smaller jobs within a much more concentrated area.
Over the 46 years of its operation, this business has built an enviable reputation for providing a professional, prompt service with high levels of customer service. Such is this business’s reputation that many long-term Client relationships have resulted from a single telephone enquiry. This business’s commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant BS codes. All work is carried out in strict compliance with IEE 17th Edition regulations. All staff are highly qualified, technically very adept, highly motivated and regularly update their skills through relevant training, priding themselves on carrying out projects to the highest possible standard within very demanding time scales and budgets.
Expansion Potential
With the contracts held by this company growth will be constant and steady in the foreseeable future. With constant streams of national and EU regulations the market sector in general will also continue to grow into the foreseeable and combined with a national skills shortage means that this business is well placed to take full advantage of this growth as it occurs.