Plumbing And Heating Contractors With Maintenance Contracts | | Undisclosed South Yorkshire | | Plumbing and Heating Contractors with Maintenance Contracts Ref.GD068 Location East Coast, Yorkshire Asking Price £ 275,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 22532
ADVERT IMPRESSIONS : 51,857 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | ££ 275000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is an excellent opportunity to purchase a growing Corgi registered business, which is the largest plumbing and heating engineers in their local area..The business was established by the vendor in 2001 and became a Ltd company in 2003. In this time they have become well known and have earned a reputation for high quality workmanship and trustworthy proffessional staff. There is now a database of regular repeat customers including estate agents, local council work and local housing associations, which give a certain amount of economic safety.
The company’s aim is to provide a first class service with oustanding attention to detail and full maintenance support for all types of domestic and commercial plumbing and heating systems. They can fulfill all types of jobs from the smallest repair to the largest of commercial new fit projects. Most jobs are carried out within the local area but the company goes further afield on a number of commercial projects.
The company are forever upgrading their business model and circa twelve months ago they introduced low cost maintenance contracts for their clients. These have proved very popular and have seen an excellent take up, proving to be a huge success with their clients and making significant improvements to the company’s profits and cashflow. .
The business runs with a small, but highly skilled and experienced full time staff. All building, tiling and electrical work are carried out by a well trusted team of sub contractors.
The business is profitable with low overheads, easy to run and has grown consistently over the past seven years.There is an excellent opportunity to grow the business further for new owners, simply by building on the successful formula that the owner and his team have put together.
Customer Service:
Customer service is paramount to the success of this local family business. Reputations are built and lost on how good the team are at customer care and they pride themselves on making life as trouble free and simple as possible for their clients.
Wherever possible, advice and guidance is handed out to customers with the sole aim of complete satisfaction. The vast experience of the company ensures that they can work with even the most demanding of customers.
Equipment
All of the equipment within the company is included in the sale.
There are four, fully kitted out Ford Transit vans with the HP agreements finishing in 2010.
There is a trailer and other fittings, spares and parts with a full inventory available.
Key Strengths:
This local family business has been developed in such a way so that it can cater for the most demanding of clients. They are both CORGI and OFTEC registered.
The company has a complete customer satisfaction mentality. This runs throughout the workforce and helps to make the job “Happen” on site. All of the staff are friendly, courteous and amenable to their clients, remembering at all times they are providing the service to the customer.
The business is well run with good cash flow and no bad debt. The split between domestic work and commercial work is circa 80% – 20%. They have an expertise and knowledge second to none in the plumbing and heating market. There is excellent scope for growth within the company.
Growth and Expansion:
The company has grown steadily over the years without any showroom and the owner believes that there are excellent opportunities to take the business forward over the coming years.
They have been trading consistently over the past seven years but twelve ago they found a distinct niche in the market for maintenance and repair contracts. The company now needs to make a concentrated effort on this side of the business as this is an excellent opportunity.
Future growth and expansion can come from tendering for local council contracts and other commercial contracts and the company needs to make use of their web site which has not had the necessary attention paid to it.
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 the product combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on an excellent, existing platform.
The business is relocatable within the local area.
Premises:
The business runs from a circa 2,000 sq. ft. industrial unit with a drive in garage on the ground floor for overnight storage of the trucks and equipment and a general workshop where repairs and maintenance are carried out. There is a small office block with kitchen and WC.
The rental is circa £10,000 per annum with rates of circa £5,544 per annum.
• Part of the building is sub let to another small business to be used as a storage area and small office. This brings in a rent of £70 per week and within the building there is spare capacity for further sub letting.
Financial profile:
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 turnover is circa £592,000 per annum with Gross Profits of circa £154,000.
Employees
The owner looks after the daily running and his wife looks after the administration of the business. There are five full time skilled and trained engineers with all other non associated trade jobs being carried out by a selected team of sub contractors.
Support and Training:
The owner would be happy to help out with a smooth transition of the business and help in anyway possible. He is prepared to help for a period of time to introduce the new owner to all of the major connections that the company deal with on a regular basis.
Reason for Sale:
The owner and his wife and family plan to emigrate and believe this would be an excellent time to pass the business on as the business is perfectly placed for expansion. | | | | | | FOR SALE | | | | | REFERENCE: | GD068 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
