Well-established, Profitable Electrical & Security Systems Contractor
Ref. IG033
Location Central belt of Scotland
Asking Price £130,000
Business Profile
Founded in 1987, with an excellent reputation for integrity and professionalism, this contracting business has experience in every aspect of the electrical and security systems sectors with an excellent mix of clients within the industrial, commercial and residential arenas. Operating throughout Scotland, this business has successfully completed many large and small contracts, across both the private and public sectors.
Working mainly direct for the client, there is nothing this business can’t tackle, providing a full range of electrical and security systems contracting services. As well as its more general electrical contracting projects this business has a base of approximately 300 customers on 12 month on-going maintenance contracts and significant involvement in the servicing, repair and monitoring of fire, intruder and CCTV based security systems.
The business also, installs and maintains systems on water treatment plants and has provided these services to the local council for many years. This demand is expected to continue moving forward and represents a very lucrative part of the business.
This business has maintained a steady and controlled growth throughout its many years of operation, the key to this has been through the development of excellent working relationships with clients fostered by the expertise and experience of its highly skilled staff.
This business believes in delivering exactly what it says it will do. Staff are highly qualified, motivated and regularly update their skills through relevant training and pride themselves on carrying out projects to the highest possible standard within demanding time scales and budgets.
This business s commitment to quality and safety is paramount. All work is carried out to the highest standards and all materials and accessories are quality approved and comply with the relevant BS codes. All work is carried out in strict accordance with BS7671 and the IEE Regulations, guaranteeing a high level of workmanship.
The current financial year suggests growth in terms of sales and profitability. With turnover for last year being circa £163,000, with gross margins of circa 76% being achieved ,this is an excellent opportunity to acquire an extremely well run and profitable, electrical contracting business with a respected name. Approximately 50% (£80,000 p.a.)of current revenues are generated via ongoing maintenance contracts
Key strengths:
Having nearly twenty seven years of experience in the industry this business has established an enviable reputation for quality of work, high levels of client service, reliability but perhaps above all its technical ability. The business has held all the required accreditations to carry out its duties with customers as required during its existence. The business has an excellent highly skilled engineer and enjoys high levels of awareness.
With its excellent reputation this business is constantly in demand – frequently having to turn work away, declining opportunities to tender or alternatively over estimating projects ‘just in case’. Once contract negotiations have been completed however this business is geared up to cope far better than most with the inevitable fast moving nature of projects.
This is an extremely well run business. With a good spread of turnover across electrical contracting, intruder alarms, CCTV and Door Access security this business is perhaps better insulated than most against the vagaries of the marketplace.
