Professional Gas Services Business in Glasgow

Larkhall, South Lanarkshire
REF: 05505

Asking Price:
£250,000
Annual Turnover:
£291,000
Annual Net Profit:
£100,000
Recently Sold
REF: 05505
Photo of Professional Gas Services Business in Glasgow

Overview

Tenure:
Leasehold
Established:
2014
  • Expert range of services
  • Large customer base
  • Solid industry reputation
  • Strong online presence
  • Entirely relocatable

This is a stellar opportunity to acquire a well-established business which specialised in offering professional gas services to its customers across the Scottish cities of Glasgow and Edinburgh.

Since its inception in 2014, the business has grown excessively and through keeping minimal overheads, has successfully generated high annual turnover.

Now a well-respected name in the industry, this business has set a solid foundation and is ready for a new owner to step in and overtake operations right away.

This is a reputable and well-established business which has focused on providing expert, high quality gas services to its clients at competitive prices.
Catering for domestic, commercial and industrial clients, the business’ qualified and skilled gas technicians ensure a timely, reliable and friendly customer service.
The business’ services include: tightness testing and purging, commercial catering, commercial laundry, gas appliance installation and commissioning, gas safety certificates for landlords, gas safety recording, independent field quality auditing, gas consultations, LPG appliances, oil appliances – OFTEC and caravan park maintenance.
The business also offers maintenance contracts for domestic and commercial clients and its workforce is available 24/7 to handle call-outs and emergencies.
It currently has a number of contracts in place with high profile blue chip clients which include Macwright, Corgi and B&Q.
Currently, the vendor has 200 Corgi service plans and chooses to restrict this to a 15-mile radius, but once again this could instantly be increased to a much bigger area if a new vendor has the infrastructure to cover a wider vicinity.

Trading consistently all year round, the business has grown excessively through word of mouth, recommendations as well as through its online presence.
It manages a user-friendly website which details its services and provides relevant company information to users.

Intelligent Business Transfer are pleased to bring to the market this well-operated and respected business which is favoured by clients for its outstanding services.
Established in 2014, the business has experienced significant growth year on year through specialising in the maintenance and repair of gas appliances, which includes fitting gas boilers, installing heating systems as well as offering a variety of other related services.
In doing so, it is expected to generate high annual takings in excess of £250,000, with high net profit margins in the region of £85,000 for the 2017-18 financial year.

This is an ideal platform for an existing company looking to expand its customer base and grow through acquisition. It will also suit an owner-operator/gas engineer looking to acquire a business operating in this industry sector with an established reputation.

With a solid infrastructure in place, this is a thriving platform which is ready to run. There still exist however, a number of ways in which this business could be grown further.

Through expanding the area it covers out of Scotland, the business could effectively grow its client base and increase its yearly takings.
At present, its workforce is made up of subcontractors. Through employing an in-house team of professionals, the business could save money and operate more efficiently, without relying on external services. With a larger workforce it could operate cover the entire region more easily.

Securing more high value contracts like the Macwright and B&Q ones it currently has, would guarantee further repeat custom. The Macwright contract is worth £80,000 per year alone and the B&Q is worth £70,000-£90,000.

Intelligent Business Transfer are searching for a suitable buyer. The vendor is willing to aid the transition for up to one month.

Features

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Location

Property

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EPC Rating
C 51-75

Financial & More

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