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BUSINESS REFERENCE : GB087 / RightBiz BUILDING CONTRACTOR TO BOTH PUBLIC AND PRIVATE SECTORS | | | | | | Building Contractor to both Public and Private Sectors Confidentially offered for sale Ref No: GB087 Location: West Scotland Asking price £350,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £350000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This well established family business was founded in 1973 and has grown since to become a significant company with a reputation for the quality of its workmanship, flexibility of service and reliability.
The business operates from a prime location in West Scotland and has established itself as one of the region’s leading independent building contractors. 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, quality workmanship, first class service and attention to detail.
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 35 years of trading. 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 growth in turnover.
Customer Service:
The business manages several hundred customers and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is the workmanship 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 job 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 well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.
The business has the capacity to take on all aspects of builder work, including renovation and new build in the private and public sectors along with both commercial and historical jobs.
Growth and Expansion:
The current market for this business’s services exceeds its capacity and is forecast in the near and longer term for continued 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.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior workmanship. There are many excellent avenues for growth, especially with additional workforce plus marketing investment which are showing continued trends for growth and development.
Employees:
The business currently employs the founders plus 2 full time staff.
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 of workmanship and strong word of mouth recommendation.
Premises:
The business is located in an easily accessible area in West Scotland and operates from a central village location including storage capacity 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 no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 10 years trading. Sales revenue for 2007 was circa £360,000 and is on target for 2008 to exceed £450,000. Typical Gross Profit margins range from 48 to 58%, with the net figures reaching in excess 40%.
Reason for Sale:
The business is for sale as a result of the vendors’ wish 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: | GB087 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
