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The business operates from leasehold premises located on a well-known industrial estate with excellent access to the road network. Circa 2000 square feet unit housing offices, store and workshop (Built circa 1982). We are advised the vendors pensions fund owns the property so a new lease agreement would be made available subject to negotiation. Relocation would not be an issue should a new owner so require. Current rent is circa £12,000 p.a. We are advised the business benefits from small business rates relief.
The business does very little in the way of self-promotion and marketing, preferring to rely on repeat business and referrals to generate sales. However it does have its own basic website and listing in BESA Year Book, Gas Safe and Yellow Pages.
The business has had regular revenue streams to date. Further investment and expansion would offer potential for the business to expand its operation further with a more proactive approach to sales. The vendor has never really looked for work and concentrates on his core client base. A new owner with larger infrastructure could certainly target larger projects relatively easily. They could also look to introduce maintenance contracts and emergency call out services if so required.
The vendor has built a team that means he no longer requires being involved in the business on a day to day basis. The business employs a full time Operations Director (non-shareholder), 2 full time Gas Engineers and a full time Office Manager. The business is relatively simple to run. Staff are a real asset and can multi-task and complete a variety of tasks.
Mon – Thurs - 8.00am – 4.30pm Fri- 8.00am -2.30pm
The current owner would be happy to provide full support at handover. The full time staff would make the transistion relatively straightforward as the vendor is very much part time (one day a week) and not involved in the busienss on a day to day basis.