Fully Accredited Training & Assessment Centre For Gas Engineers, Electricians & Plumbers
Ref.CC055 Location North WestAsking Price £ 650,000Confidential offered for sale | |
b>Asking price: O.I.R.O.£650,000
Asking price includes:
Anticipated turnover for current year circa £500,000
Projected Net Profit for current year circa £200,000
Huge growth pattern
Superb leasehold premises
Fully equipped workshop
Separate assessment area
Modern well equipped training rooms
Huge range of “in demand” courses available
ACS Training & Assessment
MOD Resettlement Packages
NICEIC Registered Training Provider
NIC Certification Approved Centre
Corgi Gas Registered
ISO9001 Registration
City & Guilds Training
EAL Approval
Highly respected and qualified staff
SAGE Accounting
Growing reputation
All fixtures and fittings
Handover and training
Goodwill
Website | | 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: | This business was formed specifically to develop skills for engineers such as Gas engineers, Electricians and Plumbers working within the utilities sector. The training provided is for both existing trades people as well as thoses who wish to start a new career in these industries.
It was set up to address a massive skill shortage that exists throughout the UK. For years companies have shied away from employing apprentices and this has led to the current shortage, particularly of gas and plumbing engineers. Gas engineers are required to hold certificates of competence for all work involving gas and gas appliances so demand is high for the company’s services, be it ongoing training or New Entrants courses which the business specialises in.
The business has a wealth of expertise in training both new entrants and existing operatives in gas (domestic, commercial and LPG). It provides experienced trainers,assessors, auditors and consultants for various projects. The staff were instrumental in the development of new entrant training for several awarding bodies and created the first new entrant MOD Packages in 2003. They offer a first class training facility, purpose built state of the art air-conditioned classrooms, excellent practical facilities and free car parking with good motorway access.
The company provide the ACS gas training and assessment across the full spectrum of gas related work, downstream of the gas meter. The staff have expertise in commercial appliance, pipework and metering subjects, not to mention the full range of domestic training packages.
Training and Qualifications Offered:
Gas
ACS Certification by NICEIC (formally Zurich Certification)
New Entrant to the Gas Industry- NIC Certification
Electrical
NICEIC DISQ Course/Corgi ECS- NICEIC Certification
NICEIC Test and Inspection- NICEIC Certification
NICEIC Portable Appliance Testing(PAT)- NICEIC Certification
NICEIC Essential Electrics- NICEIC Certification
NICEIC Wiring and Controls- NICEIC Award
NICEIC Basic and Advanced Combination Boiler Fault Finding Course
City & Guilds 2381 16th Edition wiring Regs and 17th when applicable
City & Guilds 2391 Inspection & Testing
City & Guild 2391-201 Design & Verification
EAL VRQ Level 2
New Entrant to The Electrical Industry- NIC Certification
Additional
Various additional courses are available upon request including Unvented hot water Part G3, Energy Efficiency Part L and the like. These type of course are coming more and more popular within the industry and the centre is very proactive in providing the relevent course to meet new regulations and advances in technology. | Equipment:
The centre is proud to boast some of the best facilities in the UK both in terms of theoretical training aids as well as practical workshop appliances. The current owners have invested several hundred thousand pounds in totally refurbishing the premises and equipping the centre with those facilities that will ensure its future success and prosperity.
Classrooms have interactive whiteboards, projectors and modern classroom furniture. The site has a wireless network to allow trainers to operate laptops in situ be it in the classroom or workshop areas.
The workshop is fully equipped with a huge variety of boilers, fires, flues and many other appliances be they gas, electrical or water. The workshop is laid out in a series of bays for ease of training.
The business is currently developing its own bespoke Database Management System that will allow for smoother booking facilities as well as SAGE accounting software. In addition to this there is a website. The company also uses an external telephone answering service at present but there is no reason why this could not be brought in house.
Customer Service:
The staff are fully committed to providing the very best levels of customer service and the highest possible standards of training. All of the training staff are experienced in successfully developing the skills of candidates from new entrants to time served professionals who need to keep their skills up to date in the fast moving utilities industry. Having regular contact with national employers some courses can be tailored to place candidates directly into ongoing employment on successful completion.
These levels of customer service are further backed up by the centre’s impressive accreditations and registrations which include
• ISO 9001 Registered Firm
• CORGI Gas registration
• NIC Certification Approved Centre
• NICEIC Registered Training Provider
• City & Guilds
• EAL
Key Strengths:
The company has been developed in such a way so it can cater for the most demanding of clients. The infrastructure in place, be it staff, facilities, accreditations and courses available are first class and ensure clients receive a very high level of training and assessment on a consistent basis. Because of this the centre has achieved NIC Registered Training Provider status and is one of only 6 such centres in the UK. It also has all the required registrations and accreditations in place to meet current demand, be it legislative or commercial.
Growth and Expansion:
The infrastructure of the business has been built with growth in mind. The market outlook for the business is very positive and the centre could easily accommodate a level of training that would represent around £2Million in turnover alone. With net profit margins in the region of 40% for training courses the future profitability of the business looks extremely lucrative. Further growth will come through word of mouth recommendations. Whilst the business is in its infancy it is already building a very favourable reputation in the industry with good levels of repeat and referral business. This is demonstrated by a very encouraging growth pattern to date.
Key Opportunities:
As well as the ongoing demand for ACS training which will continue to grow year on year the business is currently in the process of applying for Enhanced Learning Credits (ELCs) eligibility. This is a government backed scheme that aims to assist ex-armed forces personnel back into the workplace with cash being made available to fund re-training. This would represent a huge opportunity in its own right to the business. Other opportunities include further development of the website to allow online bookings and better search engine performance as well as a more proactive approach to sales and marketing, both in terms of wider geographical spread and client development. | | Premises:
The premises are located on a shared industrial estate with large car parking area and gated access. The site is very close to the motorway network with excellent public transport links as you would expect from within a major city location. The current lease has 15 years to run. Current rent is £18000 p.a. Rates circa £6500 p.a. Total floor space circa 4500 square feet.
The site comprises a ground floor reception area with a large store room that is currently being converted to an additional training room of approx. 500 square feet.
The first floor houses the main practical workshop and assessment area(circa 2000square feet) with three further training rooms, an office and toilets as well as a canteen area(circa 2000 square feet).
The business owners have totally refitted the building to a very high standard at considerable expense including a fully furnished workshop that has a huge array of fully functional pipe work, appliances and devices required to carry out fully accredited and recognised training courses.
Business Hours:
Standard hours of business are 0800- 1700 Monday to Saturday plus evening classes and weekend courses on demand.
Security:
The site is very secure, It has Redcare cover, a full alarm and CCTV system as well as external grills . Full access control system to be installed shortly. | Advertising and Marketing:
The business currently uses a variety of advertising media including local newspapers, and Armed Forces magazines. It also has an informative company brochure and website. It is understood that a more focused and proactive sales and marketing campaign, together with further development of the company’s internet presence would significantly increase sales and revenues streams. The centre enjoys word of mouth recommendations and good referral levels through its impressive accreditations and associations. | | | 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. The projected turnover for current year is £500,000 . Net Profit is anticipated to be in the region of £200,000 per annum. The business has benefited from large levels of investment in the premises and its infrastructure and developing the current business model. A new owner with new levels of energy and initiatives would be ideally placed to fully develop this fantastic business opportunity. There is huge capacity within the business to significantly increase sales revenues and profits accordingly. | Employees:
There are four directors of the company who all carry out a variety of roles within the business, be it training, assessment, health and safety, finance, systems administration , building maintenance and the like. The company also has one part time accounts lady and a full time administrator. In addition to this the business has a high quality pool of contract staff who carry out training and assessment as and when required.
It is understood that several of the directors may wish to remain within the business on an ongoing basis should a new owner require this, and all directors would be willing to remain within the business for an agreed handover period, subject to negotiation, be it months or even longer. | Support and Training:
The owners will assist fully with hand-over and training to ensure a smooth transfer of the business. It is understood that several of the directors may wish to remain within the business once sold should a new owner require this, and all directors would be willing to remain within the business for an agreed handover period subject to negotiation, be it months or even longer. | Reason for Sale:
Personal reasons | | 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 |
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