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Listed
31/07/22
Status
For Sale
Tenure
Mobile / Relocateable
Powergate Automation, Wakefield, Wakefield, Wakefield, West Yorkshire WF1 See map

Details

A SPECIALIST ELECTRIC GATE COMPANY FOR SALE. Worked in the Wakefield and the Surrounding Areas. A wonderful opportunity to acquire this outstanding, well-established electric gate company, within such a growing niche market. Annual Turnover £206,093. The business specialises in the installation and repair of electric gates, car park barriers, intercom systems and access control, serving the Wakefield district and surrounding areas. After approximately 18 years of successful and enjoyable trading, sadly, due to serious illness, it is reluctantly offered for sale. Showing excellent net profits adjusted to in excess of £90,000, and increasing yearly as shown in recent accounts. This is a non-seasonal business which has also not been affected by COVID-19. The company has a current customer base of over 600 clients with some fantastic testimonials, ensuring the continued success of this business. There is massive potential to double or treble the profits here, if the new owner wanted to expand - our clients currently have to turn so much business away due to ongoing health problems, only working around 30 hours during Monday to Thursday. Turnover would be greatly increased by working additional hours, or employing further automatic gate engineers and labourers. Also enabling work from further afield to be accepted, as the present owner only works within approximately a 20 mile radius around Wakefield. Our client is currently using two fabrication companies to supply and assist in installing the gates, meaning there is scope for the new owners to manufacture the gates themselves, leading to increased revenue. There is further scope to offer service contracts to all existing and new customers and to advertise on social media platforms, as most of the current work is from existing customers. Our client will work alongside the new owners to ensure a smooth handover. With an excellent fully established business in place, this would be an extremely attractive proposition for an individual looking for a niche business in this growing specialised sector or an exceptional opportunity for a similar gate automation business to pick up additional business in a different geographical area, or as a bolt-on to another business operating within the fabrication or security industry. THIS BUSINESS HAS BEEN DRASTICALLY REDUCED DUE TO VERY SERIOUS ILLNESS. Stock £5,000.

Map

Electrical

ID:

587024

Price

£99,950

Call 0113 238 2900 to request a viewing

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