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BUSINESS REFERENCE : GP114 / RightBiz ROAD MAINTENANCE CONTRACTOR | | | | | | Road Maintenance Contractor Confidentially offered for sale Ref No: GP114 Location: South Wales Asking Price: £1,575,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £1575000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The business has been established for over thirty years and was acquired by its present owner in 2000.
It majors in three main areas of the road maintenance business. Firstly the long term hire or daily rental (with operator) of road sweeping vehicles. This is a key area of revenue due to the ongoing development of new commercial and residential projects in the region in addition to the usual road and motorway operations. Secondly is the Road Paver Hire and laying of black top where machinery is always supplied with qualified operators. Thirdly is the Road Planing sector that accounts for circa five per cent percent of turnover. The business has invested in specialist machinery for this market that gives them a leading edge over the competition.
The company has built an excellent reputation in a highly competitive market place without sacrificing margin and by building a wide-ranging client base of operations of all sizes. The base of around one hundred regular customers are largely based within a twenty five mile radius of the businesses offices and include everyone from small hand laying contractors, to house builders, quarries, concrete plants, councils and national home builders.
Equipment:
A full inventory of equipment will be made available on request following initial discussions.
Customer Service:
This business has many attributes that add up to good customer care. They are centrally located and have excellent access to the motorways thus giving quick customer response times. They are receptive to customer requirements and adept at problem solving. All staff can multitask the full range of equipment making rapid service levels a reality.
Key Strengths:
Well established
Excellent operations manager
Good location
Limited competition
Great reputation
Consistent growth
Good profits
Employees:
Two directors
One operations manager
Six sweeper drivers
Five Paver / Planer staff
Advertising and Marketing:
The company does not advertise but does have its own website.
Premises:
Located in a prime area, the Head lease for 99 years runs from 2000. Therefore a balance of about 91years remains. The premises are situated on a small industrial site and cover 0.67 of 1 acre. The headlease is available for a fee of £250,000. The premises are licence for B1, B2 and B8 uses in addition to the current use as a plant yard.
There is a workshop, one portacabin office some secure storage and ample parking. The site is alarmed and protected by a fence.
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 operation has shown consistent growth over the years and presently enjoys a turnover of around £1.3m. Gross profits are in the region of £550,000 with adjusted net profits being circa £335,000.
Reason for Sale:
The owner has decided to take early retirement.
Support and Training
As well as a competent Operations Manager who organises and plans the day to day operations, there is also an outsourced book keeper who prepares all invoices etc, on a 2 days a week basis.
The managing director will stay on in an advisory capacity for an agreed period of time | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GP114 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
