Business for Sale in East Anglia Commercial Heating & Mechanical Engineering Company

Key Information

Reference

M34886E

Tenure

Leasehold

Status

For Sale

Region

Norfolk

Sector

Mechanical Services

Accommodation

No

Business Information

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL SALE: This listing is confidential at the vendor's request. In order to release further information on the business – including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.

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PARTICULARS

INTRODUCTION

This is an ideal opportunity to acquire a highly regarded Commercial Heating and Mechanical & Electrical company based in Norfolk and operating across East Anglia. It may be particularly suited to an existing business who are looking to expand into this busy region and who wish to acquire an extensive and prestigious client base that includes councils, churches, solicitors, schools, restaurants, theatres, halls, motor groups and charities to name just a few.

THE BUSINESS ITSELF

Established over 15 years and having quickly grown into one of the most respected commercial heating companies in the area, the business is known for its high quality service and professional advice with many accreditation's to reflect this such as Safe Contractor, Chas Premium Plus, and Trust Mark as well as the usual industry standards.

Offering a range of services within this particular sector including control systems, installations, replacements and works on behalf of domestic landlords. This is in addition to the core maintenance service provided to their long standing clients. There is little tendering of work with much repeat business although there are term contracts held with local authorities.

The business enjoys a turnover close to the £1m mark with a high profit margin which could be further enhanced if acquired by an existing business who is able to provide efficiency savings by pooling resources.

PREMISES

The company has recently moved into new premises in an ideal location in Norfolk which provides offices, meeting room, staff facilities, storage and parking.

The 5 year lease which runs from Jul 20 provides for a 3 year tenant break clause giving flexibility to any new owner should they wish to relocate the business to suit their own requirements.

Given that this is strictly a confidential sale only limited information has been provided in these particulars. Any interested party will be required to complete a non-disclosure agreement and upon receipt of which full details will be made available.

Call EM&F East Anglia now to register your interest.

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ADDITIONAL INFORMATION

REFERENCE NUMBER: M34886E.

OPENING HOURS: General office hours Monday to Friday and Saturday mornings.

TENURE: Leasehold. 5 year lease from Jul 20 with a 3 year break clause.

RENT PAYABLE: £18,500 per annum inclusive of service charge.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing lease or for the grant of a new one.

RATES PAYABLE: £6,860 per annum.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC: Confidential - Available on request

PRICE: £550,000.

For the benefit of the goodwill, fixtures, fittings, equipment and vehicles. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING: Strictly by appointment only, please get in touch to make an appointment.

FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.