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Natural Gas Heating Engineers Business In Barnstaple For Sale

Barnstaple, Devon, UK
Asking Price:
£50K - £100K
Sales Revenue:
£155,000
Cash Flow:
£54,000

Established 1983, consistently successful, this Business is offered for sale due to retirement planning of the vendors.
Domestic Central Heating Services, Boiler and Gas Fire installation, servicing and repairs.
Representing an opportunity for a qualified gas engineer to acquire their first business or for a larger firm to secure a valuable and profitable client base in the most densely populated part of North Devon.
A business currently operating from conveniently located commercial premises, rented flexibly on an annual agreement of £500 per month, but is suitable to be relocated and run from home or merged with an existing operator.
The areas of operation: Bideford, Barnstaple, Braunton, Torrington, Westward Ho!, Appledore and Instow make for an efficient enterprise in a relatively compact area.
There is scope for further business expansion due to the major increase of new housing development within the area.
Annual Turnover has averaged in excess of £155,000 in the 3 year period ending on September 2019, and current year performance is on track to achieve this again.
A concentrated portfolio with a large client base of 4500 customers.
New business comes largely by way of referral, with very little advertising beyond a small number of publications and maintenance of the website, which continues to produce regular enquiries for work.
The vendors are willing to stay on if desired by the new owners, for a period to be agreed, to assist in a smooth transition.
The operating hours are 9-5pm Monday to Friday, with emergency calls on Saturday mornings.
The vendors are offering for sale the Trading Name, Client database and associated Goodwill, the Website and tools together with office equipment, fixtures and fittings, plus stock at valuation.
Two sign written Volkswagen Transporter vans, each regularly serviced and well maintained.
The business is currently operated as a Limited Company.
Detailed financial information will be made available to interested parties upon completion of a form of confidentiality agreement.

Property Information

Property:

Leasehold

Location:

Popular Devon Village Location

Premises Details:

Commercial Office Premises leasehold

Business Operation

Reasons for selling:

Vendors planning retirement

Employees:
3
Years established:
37 years

Other Information

Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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