Sold
Well Respected Fire Safety & Security Business
Hampshire
- Asking Price: £910,000 +SAV
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Turnover:
We are advised the Turnover as of the 2019 accounts achieved £800,000 with a Gross Profit of £650,000 and adjusted net profit of £300,000. Projected turnover should see another 20% increase in the turnover 2019/2020 due to new customers which are constantly being added to the customer contract list.
Share Sale with cash in bank and debtors in the region of £290,000 included in the sale.
- Tenure: Business Only
Only serious offers close to the asking price will be considered.
CoGoGo are excited to present to the market 1 of the countries most trusted and well-respected fire safety, security and electrical companies.
The company manages a vast array of commercial customer premises from large scale multi building sites to single site premises.
The company manages both large scale and single site customer’s needs, the services offered include fire alarms, emergency lighting, fire extinguishers, fire risk assessments, fire training, intruder/ burglar alarms, CCTV systems, health and safety services, health and safety courses, first aid courses, electrical installations and vehicle charging for electric vehicles.
They have an impressive list of 500 companies, all with 12-month contracts in place. Customers vary from large college campuses, care homes, nurseries, schools, offices and retail shops.
The industry is highly competitive and very hard to break into, our clients company are proud members of ‘IOSH’ and ‘BAFE’ and as of May 2019 the company can now carry out electrical contracting work due to them passing their NITEIT Qualification.
The company offers a 1 stop shop for required services which reduces the administration times and minimises costs of multiple providers.
The business is run and managed by our client, a full-time Operations Director, Office Manager, Account Manager, Risk assessor/trainer, Telesales person, 6 x field engineers.
Office operates 8.00 am – 5.00 pm hours with the team of engineers available 24/7 depending on the nature of the call outs.
The business is currently located in Southampton.
The company dominates the South West Triangle from London and covers many sites in Hampshire, Berkshire, Buckinghamshire, West Sussex, Wiltshire, Surrey, Dorset and South West London.
The opportunity is been sold as a ‘business only’ and an office on a fixed term lease. The premises is a detached office with additional storage and car parking.
Offered as a business only opportunity, the business is currently run from a small office.
The company will be sold with 9 x fully equipped vans.
Tenure
Business only and Leasehold office.
