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Fri, Feb 28 2020 09:59:47 AM  |  /

Independent Lift Consultants Experts in all aspects relating to lifts & escalators

Business Id:000372     |    Reference: IP018
Price:
£350,000.00
Business Description

Independent Lift Consultants
Experts in all aspects relating to lifts & escalators
Ref. IP018
Location : London/Surrey
Asking Price : £350,000 (plus net assets)

Since its inception in 2001, this continually developing company has been dynamically driven and carefully managed by its owner, fully utilizing many years of engineering experience, building a sterling reputation throughout the UK for its independent, impartial and authoritative consulting advice for clients who have a highly specialised requirement for all matters relating to the function and safety of lifts and escalators.

The company has worked hard to retain many of their clients, who include commercial & institutional clients such as local authorities, housing associations, mechanical & electrical consultants, facilities managers, architects, developers and builders. The company provides its services to any sector.

The company is a completely independent consultant and is not owned by or linked to any lift company.

The range of consultancy services includes:

• Disabled and public access surveys
• Maintenance audits
• Modernisation design services
• Monitoring systems design services
• CDM 2015 Principal Designer duties
• Group elevator traffic study and analysis

This business offers a very personal and courteous service. This is illustrated by the impressive sales and consistent figures it achieves year on year; and is an excellent opportunity to acquire an established business highly regarded for its quality services and customer care. The business has excellent infrastructure with capacity for future growth.

Equipment:

Key strengths:

• Extensive range of engineering & consulting services
• Regular yet diverse customer base
• Many opportunities to expand
Key Opportunities:

Demand for services is very high has driven turnover to its current level however this could be much higher since the vendor manages this capacity at the current level for the purposes of work-life balance. This represents a clear opportunity for a new owner to take this demand and invest in increased capacity for scalable profitability.

This business does everything possible to enhance its name and has built up a sterling reputation for the highest of service standards coupled with superb customer service. The company is very well known and recognised, with experienced engineers managing daily client requirements.

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.

Net Profit (before drawings): circa £177,000 p.a.
The current balance sheet is composed largely of debtors and cash at bank.

There is huge potential to develop this business further. The vendor is pretty much reactive in his approach to business these days and there is huge scope to maximise additional opportunities that exist within its current customer base and beyond.

The Asking Price of £350,000 plus Net Assets is for 100% of the issued capital of the company, assuming Net Assets position of £210,000. The final selling price will have a £1 for £1 adjustment to reflect any rise or fall in this benchmark Net Asset figure at completion.

The company has an attractive and very informative website, detailing all aspects of its operations and services. The site works successfully as a brochure and also as a means of managing unique client enquiries, from first contact. This activity is supported by direct sales, managed by sales staff in the company.

The business operates from a home based office.

5 days a week 8.00am to 5:00pm Monday to Friday.

The vendor works full time in the business. The business is supported by a trusted team of subcontractors.

The current owners would be happy to provide full support at handover and may be prepared to stay on for a further period should a new owner so require subject to negotiation.

 

Business Information
Turnover:£220,000.00 Annually
Profit:£177,000.00 Annually
Is this business relocatable: Yes
Business Sector: Construction businesses, Building Services, Home & Garden Services, Lifts & Elevators
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