Provider of subscription-based boiler maintenance and repair services

Our Client is seeking to divest of this portfolio from its larger group as it no longer fulfils a core function; however, there exists potential for a new owner to take advantage of the larger group’s Fintech platform.

Customer base of 3,500 customers, each providing contractual monthly subscriptions.

Customer contracts expire between 2025-31 with guaranteed monthly income until the contracts expire.

Renewal, cross-selling and upselling opportunities for any acquirer working in the boiler or heating systems sector.

Over 10,000 customers since inception, with a further database of 120,000 potential customers.

Current team operates the business on a day-to-day basis without significant input from the owner.

In-house CRM system and e-commerce platform in place.

Offer can include a further circa 6,000 service contracts together with additional national servicing coverage.

Fully relocatable business.

Annual turnover in excess of £1.6m.

Portfolio of recurring monthly subscription revenue totalling £9m.

Customer contracts expire between 2025-31.

Minimal Overheads mean that EBITDA expected to be around £1.7m in FY24.

Annual increase of 3.9% in monthly subscriptions.

Offers invited.