business for sale

Air Conditioning and Refrigeration Supply, Installation & Maintenance

Businesses for Sale

Sale Memorandum

Air Conditioning and Refrigeration
Supply, Installation & Maintenance


Ref.IA013

Location York

Asking Price £ 240,000

Confidential offered for sale

Asking price includes:

A trusted and respected name in the industry
Many years of successful operation
On-going growth pattern
Repeated maintenance income
Established client base
Training and handover
Excellent reputation
Good profit margins
Leasehold premises
Low overheads
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

A remarkable opportunity to invest in a company, which supplies and maintains the latest in air conditioning and refrigeration technology, giving expert advice on every aspect of cooling, heating, ventilating, air quality and building services.

The company operates from premises within the York area with a fleet of three liveried vehicles and carries out work across the United Kingdom.

Equipment is perfectly installed, supplied and maintained to many industries, including the following:


• Pubs
• Offices
• Hotels
• Hospitals
• Factories
• Showrooms


This business has invested in its in house technology, and utilises Computer-Aided Drafting Technology that enables drawings to be completely accurate and projects to progress smoothly and efficiently.

The majority of sales come from word of mouth recommendations with the remainder being from recurring maintenance contracts.

Customer Service:

This business does everything possible to enhance their excellent reputation and to develop commitment to customers' needs including, maintaining excellent, honest relationships with clients focusing on quality.

Key Strengths:

The business continues to grow as a direct result of its excellent relationship with clients. The company has held contracts with various companies for many years and offers a very personal service. Word of mouth recommendation has ensured that the business has maintained an impressive base of satisfied repeat accounts and clientele, while continuing to attract both new referrals and customers.

The business provides services for many clients each week, and has forged strong links with some very high profile clients, who have put their trust in the company due to their genuine commitment.

Quality Assurance:

Quality comes high on the list of this businesses priority. Work is carried out to BS5750 and ISO9000 standards.
Growth and Expansion:

The opportunities for the expansion and growth of this business are so far reaching that only a face-to-face meeting with the owner would do justice to its true potential.

This specialist business maintains an extensive base of satisfied clientele who appreciate superior service together with a widespread reputation. There are many excellent avenues for growth, especially with additional staffing and further promotion within the appropriate market sectors.

With a strong demand for services and capacity to double turnover, a new owner would contribute fresh ideas and outside influence to build on this excellent base.
Premises:

The company operates from leasehold premises just a few miles from the city centre. The premises comprise of a large furnished office with two computers, a kitchen, WC and storage area. Parking spaces.
Advertising and Marketing:

Most of the business's turnover is generated through the current existing satisfied client base and word of mouth recommendation; the business has surpassed growth expectations bearing testimony to the excellent reputation it has built up since inception.

An immense opportunity exists to build on this businesses reputation and implement more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, a direst sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative.

The company does have a web presence, which is a valuable asset. There is no doubt that turnover and profits could increase massively by making further use of this medium.

Adding a dedicated sales team would ensure growth and expansion at a high volume and profitable return.
Financial profile:
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.

Turnover for 2007 is circa £370,000 with an adjusted operating profit of £160,000.
Employees:

The two owners are directly involved in running the business on a day to day basis, supported by three full time engineers and one full time office administrator.
Support & Training

The owners will provide full business familiarisation, training and handover and are offering the business for sale not only as an organically expanding going concern but also with further significant growth potential
Reason for Sale:

A stage has been reached where the owners wish to emigrate and plan to retire within the near future
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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