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BUSINESS REFERENCE : ET013 / RightBiz CONCRETE PUMPING SERVICE TO THE DOMESTIC AND BUILDING TRADE IN WEST MIDLANDS | | | | | | Concrete Pumping Service to the Domestic and Building Trade in West Midlands Confidentially offered for sale Ref No: ET013 Location: Relocatable Asking Price: £975,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £975000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This well-established concrete pumping business has been operating for 13 years with experience of the industry stretching back much further. As a result, the company possesses a great deal of expertise and is able to provide services efficiently to its client base.
The business supplies a wide variety of clients including builders, developers and domestic clients, with a mix of contract, account, non account and general customers.
The business operates a well maintained fleet of concrete pumping vehicles which are to be included within the sale price.
The business is a member of the Construction Plant Association. It ensures quality levels are maintained by adapting its management systems to ISO 9001 – 2000.
Equipment:
The sale of the business includes concrete pumping vehicles. The net value of assets included for sale with this business is approx. £300,000.
Key Strengths:
The experienced and skilled workforce are the core of this profitable business. Their expertise combined with their competence and the reliable service provided means that the excellent reputation built up spreads throughout the area by mere word of mouth.
Growth and Expansion:
With generally steady increases in value for properties in the United Kingdom, property is considered by many to be an important investment.
A lot of individuals see acquiring a property portfolio as an opportunity to sell later for profit or to gain steady income from renting out. As a result, there will always be steady demand from the domestic sector to pump concrete for home improvements. In addition, companies who have taken note of this trend are maximising the potential of this market, as a result there is increasing demand for concrete for new build housing and industrial sites. There will always be demand to maintain car parks and roadways.
The current Directors feel that the addition of a 42 metre capacity pump truck would be an excellent investment to cover anticipated new demand from the industry.
Key Opportunities:
This business would make an ideal bolt-on for a concrete pumping or construction company anywhere in the United Kingdom, as it is fully relocateable.
The current Directors also speculate that there is wide selection of opportunities within the industry not being addressed that a new owner with fresh energy could capitalise upon.
Employees:
The business has 9 full time employees: 6 drivers and 3 directors. There are also 2 part time accounts staff.
Advertising and Marketing:
The well-established reputation of this business ensures sufficient trade through word of mouth advertising. This demonstrates high levels of client satisfaction.
Premises:
The business operates from a spacious yard on a one month licence rental agreement. The annual rent for this property is approximately £9,000 per annum. Business is relocatable.
Business Hours:
The trading hours of this business depend entirely on the needs of clients.
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.
Reason for Sale:
Retirement for the majority shareholder
Support and Training
Handover and training is available upon request. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | ET013 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
