Sold. Professional Central Heating Installation & Maintenance Company

Professional Central Heating Installation & Maintenance Company
Oftec/ Gas Safe/IWA Warranties/MCS Renewable Accreditations
Ref.GJ032
Location Lancashire
Asking Price £ 550,000
A rare opportunity to acquire a profitable market leading company with long term contracts/framework agreements in place with key organisations in the industry. These contracts provide susbstantial levels of ongoing work for the business, now and for many years to come.

This young and dynamic heating company provides a comprehensive range of heating services including installation, maintenance, servicing and repairs of domestic heating systems on behalf os some of the largest organisations operating in this lucrative sector.

Whilst the business is still in its infancy it has grown significantly over the last two years and has built up a sterling reputation within the commercial market it serves through its modern “can-do” approach.. The owner has invested significantly within the business in terms of staff , training, back office systems and infrastructure and has built up a solid and reliable business based on reputation, quality of work and trust. This is evident in the numerous key accreditations and memberships the business boasts as well as the long term agreements in has in place with blue-chip clients.

Staff are paramount to the success of any business and this business is no different. The vendor has selected his staff, many of whom have come from major PLCs, with great care and attention. All staff are actively encouraged to take on training and all relevant personnel carry the necessary qualifications to carry out their roles. Because of this the business is able to offer a comprehensive range of services to the building services market:

The company operates a 24-hour call out service to its clients with immediate access to parts and materials as required.

Expansion Potential
The business currently operates within the North West region. There is no reason why it could not expand its geographical spread further should a new owner so require. Further growth could easily be achieved by expanding both the electrical and building services it currently offers clients. The company has only recently ventured into the electrical repairs field and this is a huge development opportunity, as is the renewable energy sector, another area the business has already entered. The company has recently been made an approved supplier for “green” initiatives with major utility companies.

The company has never felt the need to actively market the company as most of its work comes via referrals, repeat business and approved tender lists. With a more proactive sales and marketing function a new owner could significantly increase revenues and turnover within the business, both with existing and new clients.

Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise to date. There are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.

It also has several long term contracts in place, as well as being on a number of approved tender lists, both private and public, within the geographical area it serves and this ensures a consistent flow of business through the company. It has recently developed a well designed informative website that could be further developed in line with new marketing strategies.