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Repair Company

Location  United Kingdom
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1246807
Net Profit / Cash Flow  $247171
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1985
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Training  The current owner would be happy to fully assist with the training and handover.
Reason for Sale  The present owner would like to pursue other interests.
Description  Contract Gas, Solid Fuel & Oil Heating, Maintenance & Repair Company Confidentially offered for sale Ref No: GD049 Location: East Yorkshire Freehold Asking Price: 925,000 Started in 1985, this leading heating maintenance company in East Yorkshire has grown significantly year after year. Initially the business was set up for heating and maintenance repairs, however the first maintenance contract was signed for the domestic market in 1989 and the business has never looked back. There are now in excess of 3,400 customers signed up on maintenance contracts, as well as many other clients who use the companies services on a pay as you go basis. Installation of new appliances is another facility and service the company offers, many of which become maintenance customers. As a service provider the company offers a round the clock, all year round, call out facility for all customers within a fifty mile radius. Due to the nature of maintenance contracts, there is a large amount of money that is paid in as monthly direct debits or as cheques/cash paid in advance, which gives the business a strong cash flow situation.
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