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8855SG HERTFORDSHIRE F\H£500000 ELECTRONIC SECURITY

Asking Price: GBP 500000

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Business Location:	United Kingdom » Hertfordshire » HERTFORDSHIRE

Category:	Retail » Miscellaneous Retail

Description:

Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely well established electronic security
business with excellent future potential.
Founded by the vendor over 20 years ago,
the business is only now being reluctantly
offered for sale as he plans to emigrate to the
South of France.
The business looks after the electronic
security of several high profile customers
such as Norwich Union, Standard Life,
P&O, Commercial Union and James Laing.
They have approximately £50,000 per
annum of income from maintenance
contracts, which are almost guaranteed to
reach £200,000 per annum from various
knock on costs.
The business charges a call out cost of
£105.00 for maintained buildings and
£150.00 for non maintained. This covers the
first hour on site, all additional time is
charged at £40.00 per hour thereafter. There
is also a mark up charge for all materials
purchased for the jobs.
The business employs 2 full time members of
staff and 1 part time, as well as the vendor
full time.
In the last financial year they achieved
excellent net sales of £363,000 and gross
profits of £237,000.
They are currently ahead of those figures in
the present year.
The vendor is prepared to work during a
hand over period to effect introductions to
staff and customers to ensure profitability is
maintained.
TRADING HOURS
Mon – Fri: 9am – 6pm
EXPANSION POTENTIAL
The business clearly runs very profitably,
there is still plenty of scope to increase sales
and profits further by:
1. Expanding the area covered using the
same customers
2. Advertising – he does none at the
moment, with all work coming via
personal recommendation and word of
mouth
3. Offering to do domestic work – they
are presently 100% commercial
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £362,528
Gross Profit: £236,999
Adjusted net Profit: £140,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The business operates from home, so is fully
relocatable anywhere in the area. It would
therefore make an ideal ‘bolt on’ for an
existing operator.
TENURE: Home run business

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Financial Information:

Annual gross sales: (GBP)	362528

Yearly Revenue: (GBP) Total yearly sales revenue	N/A

Net Profit: (GBP) Total profit before taxes	140000

General Information:

Business Area:

Year Established:	1988

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	Yes

Real estate status:	Yes

Number of Employees:	2FT\1PT

No of trading hours:	Mon – Fri: 9am – 6pm

Reasons for selling:	the business is only now being reluctantly offered for sale as he plans to emigrate to the South of France.

Market competition and expansion:	The business clearly runs very profitably, there is still plenty of scope to increase sales and profits further by: 1. Expanding the area covered using the same customers 2. Advertising – he does none at the moment, with all work coming via personal recommendation and word of mouth 3. Offering to do domestic work – they are presently 100% commercial

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