£0 £1000000
£0 £1000000

For Sale

Well established Heating Installation business for sale

Fife

  • Asking Price: £299,995 +SAV
  • Turnover: We are advised as per the 2019 accounts, the business generated a turnover in the region £742,000. Full financials can be made available upon further request.

    Please quote reference B06072

  • Tenure: Leasehold

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Please quote reference B06072

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, “turnkey” Heating Installation business with an excellent reputation along with a strong and consistent brand.

The business has only now come to the open market as it’s our clients desire to take a step back from the day to day running of the business.

The business has been under the careful and meticulous ownership of our client for over 30 years and has grown the business to an impressive level with turnover and profit levels remaining consistently impressive.

The business offers a complete service which includes supplying and installing heating, primarily for the domestic market, from start to finish.

As the business is located in different locations, they are able to cover Fife and Edinburgh. The business is also proud to be agents for a number of reputable suppliers, with a full breakdown available upon further request. They currently benefit from having two installation teams to carry out all installation works required.

We feel there is scope to increase turnover with the introduction of a robust localised marketing campaign to further generate new business.

The business trades on its reputation and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the local area.

A tremendous opportunity to own this well-established business, and early enquiries must come highly recommended to avoid disappointment.

We are advised that the business has 8 full time and 3 part time members of staff.

Due to Covid-19, the showrooms aren't open to the public, but the business is open via phone and email.

The main office and showroom for the business is located in Fife. The location gives ease of access for customers, along with being a short distance to the major road networks.

There is a second location on Edinburgh, an area surrounded by complementary businesses leading to a good level of footfall in the local area.

Fife-

Detached and self-contained unit within Fife. The unit comprises a large showroom, separate office, storage space and toilets. It also has an external store and parking in front for 6 vehicles. It has separate entrance doors for public and deliveries which are secured with roller shutters.

Edinburgh –

Small showroom in the city, ground floor level with storage area below. Has been a heating showroom for at least thirty years. Premises include showroom, small adjacent office area with downstairs toilet and kitchen. Access door off High Street.

The sale of the business also includes;

  • 2 Ford Transits, log wheelbase, high top vans, under 5 years old.
  • 1 Ford Fiesta sport van 5 years old.
  • 1 Ford Fiesta 10 years old.
  • All specific work hand tools. Computers and laptops
  • All displayed heating and fittings in both showrooms
 

 

Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 10 year leases. The combine rent is £31,844 per annum.

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