GD049-Contract Gas, Solid Fuel & Oil Heating, Maintenance & Repair Company

Contract Gas, Solid Fuel & Oil Heating, Maintenance & Repair Company 

 Ref.GD049
Location East Yorkshire
Asking Price £ 925,000
Confidentially offered for sale

 Asking price includes:

Turnover circa £797,000 per annum
Gross profit circa £318,000 per annum
Net profit circa £158,000
Freehold property
Highly profitable business with guaranteed monthly contract income
Highly skilled Gas Safe Engineers
Excellent cash flow
Contract maintenance
Huge growth potential
Bespoke software system
All tools and equipment
Leased vehicles
Goodwill

Business profile:
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.

Equipment:

There are 5 leased commercial vans, and 2 cars that are used by the Directors.All additional tools and equipment are included in the asking price.

 Click here to know more about the business