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Electrical Engineering Company for Sale

East Riding of Yorkshire

Leasehold : £ 85,000

Electrical Engineering Company
Location East Yorkshire
Asking Price £ 85,000
This is an exceptional opportunity to purchase a well established profitable electrical engineering company that supplies a full turnkey solution for domestic, commercial and industrial requirements.

Having traded since 2004 the company still remains owned and managed by the founder who has built up an enviable reputation for supplying a high quality of work.

The company has developed relationships with a number of landlords, letting agents, investors and private house owners who regularly use their services. In addition the company have regular industrial and commercial clients who use the company to carry out a variety of electrical installation work. These clients include blue chip companies. Current breakdown of work in each sector is:

• Commercial circa 40%
• Industrial circa 30%
• Domestic circa 30%

Due to the excellent company reputation it is always in demand and has a healthy visibility of future work. Exceptionally well organised the company carries out a variety of work and tends to exceed customer expectations. The business has a web based job management system that helps the company retain and grow their business.

There is a company web site which is used to promote and generate new business.

The business has a reputation for its speed of supply, coupled with an efficient and reliable team of time served electricians.

This business is ripe for new ownership and with a new injection of energy and business acumen it could achieve significant increases in revenue.

Staffing: The office is run by one full time member of staff plus the services of a book-keeper one day a week. The integrated software tracks all work from enquiry through to invoice.

The owner generally looks after creating new business and oversees the running of the business. There are 3 fully qualified electricians, one being the ‘Qualified Supervisor’ who takes on additional responsibility for the quality assurance of work, completing and signing certificates.
Tenure: The business runs from rented offices of circa 350 sq. ft. The rental is circa £325 per month which is inclusive of electric, services and rates.
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