Total of 18659 firms and businesses for sale today Wednesday 15th May 2024
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Sold. Accredited Gas, Oil & Solid Fuel Heating Installations & Maintenance Company

LISTING DETAILS
Firms For Sale ID:
24336
Vendor reference:
GD090
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£381,000  
Turnover / revenue:
£760,000
Net profit / cashflow:
Undisclosed
Years established:
20
Trading hours:
Monday – Friday: 0800-1600
Number of employees:
14

OTHER DETAILS
Reason for selling:
One of the vendors is looking to retire and it is proving difficult for the business to keep up with the opportunities being put its way with the resources available. Both directors believe the business would benefit from an injection of resource to maximise its profitability and take the business through its next period of growth.
Support and training:
The current owners will provide all necessary training and all relevant contacts to allow continuity of trading. The directors are more than happy to stay on for an extended period if so required, subject to separate negotiation. They may also consider a longer term appointment with the new owners if need be.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
There is no lease in place at present but it is understood a new lease would be made available to a new owner if so required. Current rent and rates are circa £1100/month
 
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BUSINESS DESCRIPTION
Accredited Gas, Oil & Solid Fuel Heating Installations & Maintenance Company

Ref.GD090
Location Cheshire/Lancashire
Asking Price £ 381,000

This business was set up approximately 20 years ago by the current vendors, and provides a comprehensive and fully accredited range of installation and maintenance services, within the domestic heating market. Within this time the business has forged a sterling reputation based on knowledge and technical expertise backed up with comprehensive accreditations and approvals and a friendly yet proffessional approach.

As accredited HETAS, GAS SAFE and OFTEC Registered engineers this company provide a reliable range of services to a diverse range of customers within both the private and public sector be they Local Authorities, Housing Associations, Landlords or Private households. All services comply with Current Building Regulations and Safety Standards, they include:

• New Gas, Oil and Solid Fuel heating installations
• Full service and maintenance programmes
• Boiler Replacements
• Link-up systems (Solid fuel to oil or gas)
• Spare parts
• Chimney sweeping
• Technical fault finding and reports
• Chimney checks and Pressure tests to BS6461
• Chimney re-lining, using both pump lining and twin wall methods. (flexible and rigid)
• Information and advice
• Solid fuel service and maintenance

The business has literally thousands of satisfied clients thoughout Cheshire, Lancashire, Merseyside and Manchester. It enjoys good levels of work from variuos councils and housing associations and private individuals. Furthermore it has just recently got involved again in the governement funded initiatives for heating improvements in private and rented homes. The scope to expand the business in this sector is significant as it has previously undertaken this type of work on a much larger scale.

Expansion Potential
There are many opportunities still available to continue growing this successful business operation. The majority of the businesses clients are located throughout the North West and as such the business has literally thousands of satisfied customers. All customer information is available on a database which is ripe for further development to maximise servicing and maintenance revenues further on systems already installed.

As already mentioned the business has just recently re-entered the government funded initiatives for heating improvements in residential properties (by request I hasten to add) and is already seeing a significant amount of new work come in via this route. There is huge scope to expand this side of the business further to cope with this demand as the company’s supply partners would like to direct further works their way.

Solid fuel fires and wood burners are becoming more and more popular due to rising fuel costs and this represents a new segment for the business to develop. It already has a unique internet based division to service the supply to this sector that is in its infancy but already showing good growth. The company has extensive knowledge of the solid fuel merchant network in the UK and could certainly tap into this market further if the resource was available to manage it.

The business is always establishing new relationships with councils and several new partnerships should provide significant growth opportunities to a new owner.