Major Channel Islands Electrical Contractor For Sale Channel Islands, United Kingdom Advert ref: 250 Business description
Long established with excellent reputation for quality and service. Highly skilled and loyal work force. Same hands for 40 years. Diverse range of customers both commercial and domestic. Excellent opportunities for further expansion in buoyant Channel Islands economy. Enjoy zero Corporation Tax, no VAT or Inheritance Tax.
Years established: 40
Employees: 11
Property: Leasehold
Lease terms
New lease to be negotiated. Current rent £30,000 per annum.
Support & training
The vendor will work closely with the buyer for as long as required to ensure a smooth handover and retention of the many valuable contracts the business holds.
Reasons for selling
Retirement and no family succession.
Financing available
Yes, subject to status, from Barclays International Corporate Banking.
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| | Financial details Asking price: £600,000
Sales revenue: £1,760,000
Net profit: £324,549
Furniture / Fixtures value: £7,654
Inventory / Stock value: Undisclosed Photos 
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