Ventilation Services Business for Sale in Thurso

Thurso, Highland
REF: INT2173

Asking Price:
£170,000
Annual Turnover:
£129,972
Annual Net Profit:
£42,315
REF: INT2173
Photo of Ventilation Services Business for Sale in Thurso
Photo of Ventilation Services Business for Sale in Thurso
Photo of Ventilation Services Business for Sale in Thurso
Photo of Ventilation Services Business for Sale in Thurso

Overview

Tenure:
Relocatable
Established:
2008
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads

Established in 2008, this reputable and well-established ventilation services business has grown in popularity and holds a steady flow of continuous repeat business.

The business is highly specialised, and so benefits from virtually no competition; as the nearest competitor is in Inverness, over 100 miles away. This results in their services being highly sought-after and in demand.

The business has a respectable and well-established client base, including hotels and restaurants throughout north Scotland (some as far down as Inverness, but also covering Orkney & Shetland). They are also well-connected to relevant industries and have arrangements with the NHS and the local council, to clean their extraction systems. Currently, the turnover for the business is comprised of 50% installation and maintenance of extraction systems, and 50% inspections for insurance policies.

The current owner is professional, highly experienced, and knowledgeable. He is well-versed in recent legislation (including Covid Regulations and Guidelines) and is a member of the Building Engineering Services Association (BESA) and the Contractors Health and Safety Assessment Scheme (CHAS).

Currently, the business is run by a small, but highly experienced and dedicated team, including; the vendor, one full-time member of staff, and one self-employed member.

At present, the vendor runs this successful business from his own home in a remote part of northern Scotland, and as such a purchaser would need to find a new location from which to run the business. Being fully relocatable presents an element of freedom to any prospective buyer, as well as the benefit of low overheads.

The business is only up for sale as the current due to a change in the current owner's circumstances. However, he would be willing to work alongside the purchaser for 6-12 months to make the transition as smooth as possible for the potential buyer.

The current owner does not provide annual maintenance contracts, but this would be a good way to increase and stabilise repeat business and increase profit.

The business would also benefit from a thorough marketing strategy, as this has never been carried out, and so there is plenty of potential to pick up extra business.

The business currently has an active Facebook page, with 177 likes and 181 followers. The current vendor posts regular updates here, however, the business would benefit from asking customers to leave reviews on the page, to help build a solid reputation and encourage more business.

Features

Key Information

  • Services Offered: Heating, Ventilation
  • Geographical Area Covered: Caithness

Online Presence

  • Facebook: Yes

Website: www.caithnessventilationservices.co.uk

Location

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  • Home Based

Financial & More

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Current Ownership
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