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This well known and respected business was founded by the vendor in 1988 after a successful period as an employed engineer, and provides specialist oil boiler maintenance and installation services, to clients and customers primarily in the South Oxfordshire and West Berkshire areas.
The firm has developed, over time, long term relationships with larger customers with multiple units, requiring regular maintenance and servicing, along with many other domestic customers requiring services for a single home unit – of course, there are the many call-outs during the Winter months when customers find themselves running out of oil and needing emergency attention.
Business engineering and service activities are managed by the vendor; this is an owner-managed business and would suit either an individual engineer seeking the ideal opportunity to take advantage of a turn-key business, with an enviable customer base, in an affluent part of the UK; or a similar business in the area looking for the simplest of added turnover and profit to their own activities.
The company has become known as a reliable, quality-focused, service provider with particular expertise in oil boilers, where the focus is on a complete understanding of the special requirements of domestic oil appliances. Similarly these company traits serve just as well for the other areas of business, which is in the servicing and repair of gas appliances.
There is some small amount of sub-contracted installation work.
The business enjoys very strong referral rates and is subject to much more demand for services than can be provided.
All customers are managed through Microsoft Project database.
The business has many strengths including
• Business process
• Higher than average margins
• Enviable reputation in the region it serves
• Outstanding industry network
• Exceptional levels of service
• Repeat business levels and referrals
• Highly reliable staff
The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The clearest opportunity to grow the business would be by simply agreeing to the level of demand that the company enjoys by employing suitable staff and by engaging in specific marketing campaigns backed by its strong reputation.
The market outlook for the business is excellent. With a strong demand for this business’s services a new owner who is capable of instilling additional ideas will have every advantage of building on an excellent platform. The business has reached a crucial stage, whether to invest in bureaucracy and growth or to remain as a reliable cash-cow proposition for the longer term.
This is a unique opportunity to purchase a grown and matured business. It is a well-structured company generating excellent profit margins with excellent growth potential.
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for 2018 circa £372,000 Ex VAT
Net Profit circa £193,000 before Director’s drawings
Vehicle asset circa £10,000
The business is managed from the vendor’s home office.
The company carries out no marketing activities.
A high proportion of the business s revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of private clients, whilst continuing to attract new referrals and recommendations.
The vendor wishes to retire.
Usual office hours are Monday – Friday: 8.30am – 5pm
The vendor is happy to provide support and training for a negotiated period.
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