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BUSINESS REFERENCE : GB086 / RightBiz SCAFFOLDING CONTRACTOR, SUPPLY AND ERECT | | | | | | Scaffolding Contractor, Supply and Erect Confidentially offered for sale Ref No: GB086 Location: Scottish Central Belt,Scotland Asking price £795,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £795000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The current vendor has been in the industry for 16 years and has established his company 6 years ago as a professional and competitive business, providing comprehensive scaffolding contracting services to construction companies and well known national businesses. It has grown since to become a significant enterprise, with a reputation for the quality of its products and service, its professionalism, honesty and reliability.
The business benefits from its professional resource team of more than 25 scaffolders, which in turn are backed up by a solid and experienced management team with significant successful experience taken from industry and main contract backgrounds.
This robust and successful business is continuing to grow in turnover and profits and is perfectly poised for investment and to exploit new growth, particularly driven by increasing demand.
Equipment:
The company has a level of plant and equipment that you would expect from a market leader, with an approximate market value in excess of £160,000.
Key Strengths:
This well established, well-respected business enjoys an excellent reputation within the industry and the wide variety of clients recognise that it is cost effective, efficient and works well within time schedules to ensure contracts are completed. The geographical area covered by the company has minimal competition and has excellent potential for continued growth.
The Company has achieved sound financial strength and growth and has held contracts with various companies for many years. Customers are treated to an efficient and courteous service, with a helpful and knowledgeable member of staff at every turn. This business has maintained an impressive base of satisfied repeat accounts.
Growth and Expansion:
There is huge potential to develop this company further. The business has never really seen the needed to advertise to date and has stayed within its specific area of expertise, namely scaffold hire and erection. A new owner with new levels of energy and business acumen could certainly increase the turnover and broaden the services of the company quite easily with limited investment in additional resource and by increasing the advertising and strategically marketing the company. There is also the opportunity to bring the design in house as this is currently outsourced, further reducing costs and improving margins.
The sale of this business presents a rare opportunity to acquire a highly successful business that has been established from scratch by our clients and has genuine and demonstrable scope for substantial growth.
Key Opportunities:
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for products combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains a base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially within geographic coverage, operations capacity and market forecasts which all point to ongoing and significant growth and development.
Employees:
The business is currently run on a day to day basis by the director of the company, with the support of a supervisor and site foreman. The staff are made up of a combination of full time PAYE and sub-contractor who are all loyal and experienced.
Advertising and Marketing:
The business has never felt the need to advertise in the past and there are excellent opportunities to increase this and market the business more aggressively.
The company has a web presence, company brochures and occasionally undertakes direct mailing campaigns. These represent significant future opportunities to a new owner and there is no doubt that turnover and profits could increase in line with a more active marketing strategy, both to existing clients and target potentials.
Premises:
The business operates from a leased 900 sq.ft. unit plus 2 x Portakabins for office, mess room and significant racking. It is conveniently located on in Industrial Estate within easy reach of the Scottish Central Belt.
Business Hours:
The business normally operates from 8.00am to 5.00pm, Monday to Friday
Security:
The premises benefit from communal security for the site plus CCTV.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler.
The business is financially stable with low borrowings, low overheads, very positive cash flow, enjoys a strong Order Book, high gross and high net profit and has shown consistent growth.
Sales revenue is on target for circa £1,000,000 per annum with adjusted pre-tax profits of circa £350,000 per annum and our clients feel that with a commitment to the opportunities illustrated, the business could dramatically increase its revenues. It is also holding a significant positive cash balance in the bank.
Reason for Sale:
A stage has been reached where the owner wishes to retire and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential.
Support and Training
The owner is happy to provide full business familiarisation, training and handover for a period of time to be negotiated prior to the sale | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GB086 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
