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Award Winning Renewable Energy Company
Specialising in Commercial and Domestic, Design, Installation and Consultancy

Ref. GJ033

Location : South West

Asking Price : £350,000

Turnover : £1,200,000

Net Profit : Undeclared

Gross Profit : £380,000

EBITDA : £180,000

Net Asset : £63,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Leasehold

Asking price includes:

Turnover of circa £1.2million p.a.
Gross Profits circa c£380,000 p.a.
Adj. EBITDA before a single owner’s drawings of circa £180,000 p.a. (pre director drawings)
Net Assets circa £63,000 (inc. stock, plant and machinery, f&f)

Leading UK installer of Premier Renewable Products
Superb reputation
Highly Industry Accredited
8 years historical trading
Impressive/growing client base
Highly regarded trading name, with the strength of testimonials and referrals
Long standing high profile client base
Existing and future client base available for growth
Training and handover
Website
Goodwill

Business Profile

This business sale represents a fantastic opportunity to enter a true growth market with limited competition, and the backing of several premier manufacturing companies at the forefront of the renewable energy industry. This business delivers renewable energy solutions from leading manufacturers to both the commercial and domestic sector. The company has a wide range of technical knowledge and offers completed design, installation and maintenance packages for Ground Source and Air Source Heat Pumps, Solar PV, Battery Storage and Electric Vehicle charging points. The ability to offer such a range of solutions gives the company a balanced set of income streams.

The company was formed after the founding director identified a market opportunity for a high quality, bespoke service following eco energy consulting work with North Cornwall Council. The company now provides design, installation and maintenance services to both commercial and domestic customers across the South West and beyond as their excellent reputation spreads. Many of the commercial customers are very high profile and repeat business rates are excellent.

They are trusted UK installers for several premier manufacturers (having achieved the required quality and customer service standards) and offer the following core services and revenue generators:

• System design and innovative solutions
• Supply and Installation
• Servicing and Warranties

Homeowners, property developers and businesses are realising that energy use is a focal point for all areas of society and that investment in renewable energy sources is now a must.

Equipment/Facilities:

All equipment, fixtures and fittings are included within the sales price. The company will have a net asset position at completion of circa £63,000 made up of fixtures and fittings, plant, equipment and stock. There will be a £ for £ adjustment to the final sale price to reflect any movement away from this net asset position.

Customers

The company has a good split between commercial and domestic customers and has high levels of client retention due to their exceptional knowledge and the ability to offer a multi tech approach. The reputation of the business has created a strong level of referred business and repeat business is very common.

Customer Service:

This is a key area of strength for this business. The company has a very high level of customer service and enjoys the excellent client retention that this brings. It is a quality driven organisation and has been selective in partnering, with high quality supply partners. It has a superb level of technical expertise and industry knowledge.

The company reputation is backed up with the following accreditations and memberships.

• MCS (Micro Certification Scheme)
• OLEV (Office for Low Emission Vehicles) Authorised Installer
• HIES (Home Insulation and Energy Systems) Quality Assured Contractor
• TESLA Certified Installer
• RECC (Renewable Energy Consumer Code)
• NICEIC Approved Installer

Key Strengths:

The company is financially stable and operates from ideal premises. It is growing year on year in terms of customers and financial performance and it consistently generates impressive profits.

The business is a multi-skilled operation that can undertake a large variety of projects due to the impressive infrastructure it has in place. It has many offerings and generates multiple revenues streams. The internal skills are high and the company’s reputation is very strong.

The company has a large database of clients for data analysis and marketing.

The business is now established and profitable and has UK distributor agreements with several premier manufacturers.

The company has a new online approach with a new website and use of search engine optimisation which will raise their profile with new potential clients.

The company has earned an outstanding reputation for its honesty, integrity, technical ability, service and reliability.

Key Opportunities:

This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business s environmental products and exclusive supply rights, a new owner contributing more resource and energy will have every advantage of building on an excellent platform. This business is well established and all indicators suggest the business is ideally positioned for its revenues to continue to grow significantly in the coming years.

Further development of the digital presence and database analysis/marketing will naturally create more opportunities, as will securing added value from its existing client base.

As more businesses recognise the benefit of control of their energy costs, the outlook for B2B sales are strong and the company has an excellent track record of retaining Business clients after consultation.

The explosion of electric vehicles onto the market is going to be one of the significant changes of the next few years and the company is already an industry leader in this area. The opportunity to push this service is huge and faces limited competition the south west.

Financial Information:

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 2019 Management Accounts show turnover c£1.2m paa Gross Profits circa £380,000pa. and EBITDA of circa £180,000 p.a. before a single director’s drawings.

The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £63,000 (stock (£20,000), plant, equipment and fixtures and fittings) on a cash free debt free basis. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Note: The accounts show Land and buildings on the balance sheet. This is not included in the sale and will be removed from the company prior to any sale.

Advertising and Marketing:

The business has a highly informative website and suite of brochures and marketing literature. It has a very strong referral network and repeat business is commonplace.

Growth and Expansion:

The renewable energy market is seeing strong growth at present and this is expected to continue in the short, medium and long term in light of rising costs for traditional fuels, dwindling supplies and environmental pressures. This business is ideally positioned to take full advantage of this.

The renewables sector will continue to develop and grow as acceptability and dependency on fossil fuel declines. Governmental strategies will continue to support this sector going forward.

Premises:

The business operates from a facility providing storage and car park. A new lease will be granted on terms to be agreed and rent will be circa £12,000 p.a.

The freehold is owned by the company and will be removed from the company prior to a sale. The business could be re-located if the buyer wished.

Business Hours:

0830-1700 Monday to Friday

Employees:

The 2 major shareholders/directors (a husband and wife team) work in the business on a day to day basis. The business also has 3 technical staff members and two office based staff. Some installations are carried out with the assistance of trusted subcontractors.

Support and Training:

The current owners would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. This should be a relatively seamless process as the remaining Technical staff have excellent knowledge.

The vendor may also be prepared to stay on within the business for a further period of time as a consultant should a new owner so require, subject to negotiation.

Reason for Sale:

The owners are planning their exit strategy due to pending semi-retirement.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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 Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk