Business description

Design, Supply and Distribution to Trade Market of Specialist Heating Systems
and Renewable Energy Solutions

With over 30 years of experience, this business is a leading heating design, supply and distribution company to the trade with established trade accounts across Ireland and the UK. Distributors and suppliers for renewable energy systems, the business provides a wide all encompassing range of products and operates in a niche market specialising in under floor heating, heat pumps, boilers, pumps, solar heating systems, Nu-Way Wood Pellet Boilers, Dimplex Geothermal Heat Pumps are all supplied and distributed to the trade market, plus distribution of top quality products such as Henco, Thermomax and Danfoss.

Having enjoyed substantial year on year growth from day one, the business has an excellent reputation for the design, supply and distribution of under floor heating systems and associated products. The business are experts in heating pumps – marrying systems together, and have established themselves ahead of any competition as the only people who can provide individual things for clients, providing all new or replacement products. Not dependent on any one supplier the business has done a lot of research and can source from anywhere.

The company has gone from strength to strength since its establishment and is an ideal prospect for buyers seeking a strong business with its own product range in a unique market.

Customer Service:

The business offers customers a lifetime of knowledge, providing customers with the right products at the right prices, with the emphasis on service, value, quality and reliability.

Key Strengths:

This is a well established business with many years of experience and contacts within the industry, and has a very wide geographical customer base. A local dealer and distributor for premium residential and commercial renewable energy products, it offers a complete range of service from design, consulting, through to installation.

The business maintains regular work in progress through a lucrative and established sound customer base. This is a well known and widely recognised company whose expertise is much admired.

Operating in a niche market the business is well run with good cash flow and no bad debt. The turnover and profits continue to rise and the owner has continued to invest time in the company which has helped them maintain their position as the leading specialist heating supplier across Ireland and the UK.

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.

Property information

Property:

Leasehold

Lease terms:

Leasehold on a monthly lease basis
Rent £120 per week
Rates £2000 per annum

Location:

The premises are situated adjacent to a market square, with car parking to the front in a quiet market town circa 14 miles from Belfast.

The building is a single glass fronted trade shop of circa 700 sq ft. with a trade counter, fully racked displays suspended ceiling , carpeted floor, office and toilet facilities. There is an adjacent warehouse of circa 2200 sq ft.

Leasehold on a monthly lease basis
Rent £120 per week
Rates £2000 per annum

Other information

Expansion potential:

An excellent opportunity for a person or company to continue to market quality heating systems and existing design technology developed over 30 years into an expanding market in the renewable energy sector.

This is a solid and profitable business with significant potential if the new owner takes advantage of the sound foundations the company has been built on. Shares and profits could be doubled year on year with a younger more assertive owner and investment in recruiting extra staff.

Competition / Market:

A high percentage of customers are generated through referrals from the existing client base and word of mouth recommendation. The company has used limited advertising in the past with company brochures. Investment in additional marketing and enhancing the company website could certainly attract extra interest.

Support & training:

The owner would be happy to help out with a smooth transition of the business and assist the new owner for a negotiated period of time.

Reasons for selling:

The owner has been working tirelessly in the business and now he has reached retirement age he would like to take things easier.

Trading hours:

Monday – Friday: 8.30am - 5.30pm