Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Very Profitable Electrical Contracting Business Aerospace Sector
LISTING DETAILS
Firms For Sale ID:
33184
Vendor reference:
GK254
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£350,000
Turnover / revenue:
£400,000
Net profit / cashflow:
£108,000
Years established:
30
Trading hours:
The 2 directors work full time in the business. The business also employs 4 full time electricians/panel builders. All staff are long serving and suitably qualified.
Number of employees:
4
Employees / staffing:
Standard business hours (36 hours a week)
OTHER DETAILS
Reason for selling:
The vendors are looking to emigrate in the coming years so are planning their exit strategy.
Support and training:
The current owners would be happy to provide full training and support at handover. They are also prepared to stay on foor a further period should a new owenr so require, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Very Profitable Electrical Contracting Business Aerospace Sector
NICEIC Approved
Ref.GK254
Location West Midlands/Relocatable
Asking Price GBP 350,000
This Electrical Contracting business has been successfully trading for some 30 years now and has developed into a first class supplier of Electrical Contracting Services to the highly lucrative Aerospace sector based within the West Midlands.
Fully NIC EIC approved this organisation provides its services directly to a large blue chip aerospace organisation and has an ongoing contract in place as the incumbent supply partner for them which ensures continuity of work and impressive profitability. The company carries out ongoing maintenance programmes, installation work, panel builds and bespoke project work as and when it arises.
The company employs an experienced and highly professional workforce capable of managing and undertaking all sizes of aerospace projects from conception to full implementation and ongoing support, upgrade and maintenance.
This business installs and maintains a broad range of standard and high value electrical equipment and has experience in every aspect of the aerospace sector. It is fully conversant with the stringent working processes within this sector concerning contamination and working with high value materials such as titanium.
NICEIC approved, this profitable business currently provides its range of electrical services to just the aerospace sector. It has never really looked to expand into other areas but there is huge scope to do this should a new owner so require as the business and its workforce has exceptional levels of technical ability and knowledge.
The business is still managing to post impressive figures despite the difficult market conditions we are all experiencing.
This is an excellent opportunity to acquire a specialist that is long established, extremely well run and very profitable. The business has achieved very similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.
Expansion Potential
With an enviable reputation within the industry and renowned for always meeting if not exceeding Client expectations there is an outstanding opportunity to build on the existing services and customer base of this company.
The business could easily accommodate future growth as the model is scaleable. The vendor has never proactively marketed the business or chased work so a new owner could certainly increase the exposure of the company to help fuel any expansion plans.
Market / Competition / Non-Competition Agreements
The business has never undertaken any forms of marketing and advertising to date. It does not have a website and would certainly benefit from the development of an online presence and more strategic marketing activities.