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8949MK BUCKINGHAMSHIRE LEASEHOLD: £400,000 ELECTRICIANS

Asking Price: GBP 400000
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Business Location: United Kingdom » Buckinghamshire » BUCKINGHAMSHIRE 
Category: Services » Miscellaneous Services
Description:
Advent Business Sales is delighted to have
been instructed to offer to the market this
very busy and popular electrician.
Established over 6 years ago by our vendors,
the business is only now being reluctantly
offered for sale as one of the two owners has
decided to move away from the area.
The business is able to carry out any type of
electrical task including:
• New build or repairs to industrial
buildings
• Residential
• Agricultural
• Local authorities
• Equestrian
• Renewable energy and estates
90% of the business is carried out within a
30 mile radius of the county, so travelling
times are kept to a minimum.
The business has 5 full time sub contractors
as well as the two vendors both full time.
They achieve a £15 per hour gross margin for
all the staff and with very minimal
overheads are virtually guaranteed excellent
annual profits on a consistent basis.
Although one of the vendors is leaving the
area, the other is quite prepared to stay and
work with or for a new purchaser.
The business is based in a small rural farm
building but pays no rent or rates but
instead carries out any electrical repairs free
of charge as a form of barter.
The business would ideally suit another
established electrical contractor as a ‘bolt on’
business or to an investor who could afford
to put in a manager to run the business and
still take a healthy return on the investment.
We are advised that stock at cost is
approximately £5,000.
REF: 8949MK
Financial Information:  
Annual gross sales: (GBP) 300000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2006
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 05PT
No of trading hours: Mon-Fri: 7.30am – 5.30pm
Reasons for selling:
decided to move away from the area.
Market competition and expansion:
This is clearly a very successful business, it still however, has good scope to increase both sales and profits substantially by: 1. Increasing the low standard hourly charge out cost 2. Broaden the narrow working area 3. Take a margin on the bought in parts which with some customers are sold at cost 4. Advertising, none is carried out presently
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