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BUSINESS REFERENCE : CR105 / RightBiz CR105-SOUTH LINCOLNSHIRE-£135,000 -BUILDING MAINTENANCE COMPANY | | | | | | Building Maintenance Company servicing Local Authorities Confidentially offered for sale Ref No:CR105 Location: South Lincolnshire Asking price £135,000 | | | BUSINESS LOCATION: | Undisclosed Lincolnshire UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £135,000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was founded in 2004 by the Vendors and has grown since to become a significant provider to Local Authorities with a reputation for the quality of its flexibility of service and reliability.
The business operates from a prime location in South Lincolnshire and has established itself as one of the region’s leading independent Building Maintenance companies to the Local Authorities. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, first class service and attention to detail.
The business has always believed in the pursuit of excellence, constantly reviewing and updating its service commitment and its methods of business, ensuring that valued customers receive the very best service.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth over its 4 years of trading. Their commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
Customer Service:
The business manages several hundred projects in a year and has the systems, processes and people to ensure that both productivity and customers’ requirements are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.
Key Strengths:
The business is an autonomous organisation where the business owners have, over time developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.
The business is well established and very profitable, with a loyal customer base, retaining a high level of repeat business, particularly among a number of the regions Local Authorities.
Growth and Expansion:
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform. The private sector is crying out for the services this company provides and the addition of this lucrative market place would further enhance the companies profitability.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services. There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development.
Employees:
The business currently employs the two founders plus 6 further tradesmen, 1 of whom is the foreman.
Advertising and Marketing:
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Premises:
The business is located in an easily accessible area in South Lincolnshire, just off the main road and operates from a circa 2,000 square foot area including warehouse capacity, workshop and administrative offices.
The premises are well appointed and represent the professional qualities and service the company has built its reputation upon.
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 business is financially stable with low borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 4 years trading.
Sales revenue is circa £410,000 per annum with adjusted net profits of circa £70,000 and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
Reason for Sale:
The business is for sale as a result of the vendors wishes to follow other areas of interest.
Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CR105 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
