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Business for sale in United Kingdom - Gk184-general electrical contractors to the industrial and commercial sector-glasgow, scotland

Asking Price: 350,000 £ Real Estate: Lease
Sales Revenue: 800,000 £
Net Profit: 1 £
Year Established: 2006
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/Glasgow City/Glasgow

Business types:

Construction

Business categories:

Electrical Contractors ; Other Construction

Business description

This business was founded in 2006 by the vendor, having worked in electrical contracting for many years. the business has grown year on year and is now accepted as one of the leading independents in this field with a reputation for the quality of its work, flexibility of service and reliability. the business operates from a prime location on the outskirts of glasgow city centre and has established itself as one of the region s leading independent electrical contractors. many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business s competitive prices, quality workmanship, first class service and attention to detail. the business has shown itself to be resilient in the face of competitive and economic factors and has maintained incremental growth over its 4 years of trading. No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover. equipment: the company owns and maintains all neccesary machinery, tools and vehicles to undertake the levels of quality work it attracts. customer service: the business manages many customers in any normal week and has the systems, processes and people to ensure that both productivity and customers requirements are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers. high quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business s sustained level of repeat business. key strengths: the business has, over time, developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor. the business is well established and profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years. The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility and a willingness to help. growth and expansion: the current market for this business s services is growing and, with the commonwealth games coming to the city, is forecast for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. key opportunities: this is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform. this firm maintains an extensive base of satisfied customers, who appreciate the company s superior services. There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development.

Additional information

Additional information: Not Disclosed
Support & training: The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reasons for selling: The business is for sale as the vendor feels he has taken it as far he can and believes managing the next phase of growth requires a larger infrastrucure.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The annual rent is circa £6,500 per annum and has a nil rateable value.
Location: The business is located in an easily accessible area in Glasgow and operates from a circa 1,800 square foot area including warehouse capacity, facilities and administrative offices. The annual rent is circa £6,500 per annum and has a nil rateable value. The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon.

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