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Asking Price
£500,000
Description
This is a 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.
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