Established Construction Firm in Swadlincote Derbyshire for Sale - Ill Health Forces Sale
Swadlincote, Derbyshire
- Status
FOR SALE
- Date Submitted:
08/11/21
- Advert ID
285692
- Reference
B06557 / Rightbiz
- Call Agent:
- Asking Price: £224,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well Established Construction Company For Sale
BusinessPlease quote reference B06557
CoGoGo is delighted to present to the market one of the UK’s leading independently owned specialist contractors providing Underpinning, Mini Piling and CFA Piling.
The ‘business only’ opportunity is now being offered for sale due to ill health reasons however a full business transfer will be offered.
The company was established by our client in 2011.
AB Piling & Underpinning goal is to offer customers and clients the best innovative types of pile foundation solution for any types of projects with safety, budget and programme being a main priority.
Whatever the industry, they have the experience and expertise in providing ‘pre- tender’ and ‘pre-start’ logistical planning and advice, ground and site investigation, foundations, piling, civil and Geo-technical engineering services of the highest standard as well troubleshooting integration and advice.
AB Piling offers the following services -
- Driven piling
- Bored piling
- Open site piling
- Mini/Micro piling
- Vibratory/Sheet piles
- Drilled piles
- Underpinning
- Retaining piles
- Screw piles
- Testing
Sectors include -
- HIGHWAYS
- RESIDENTIAL
- COMMERCIAL
- MARINE
We are advised the business achieved a turnover in excess of £240k for the year ending July 2023.
Our client admits he runs the business to suit and when they increase the advertising spend it always results in more work with higher turnover/profit levels. He advises there is high demand now in the market for this type of work and with the right level of advertising, the business would easily be able to achieve a turnover in the region of £1m.
Testimonials include -
“Excellent workmanship and a pleasure to deal with on a very difficult Project”
“A pleasure to have Andy and his team around. Very clean and tidy and would highly recommend.”
Key selling points -
- Many years of experience
- Ideal ‘bolt-on’ acquisition
- On site knowledge
- Professional advice
- 2 x website domain
- Over £150,000 of assets to be included in the sale
- Facebook page
- Instagram page
- YouTube video presentations
- Run from home/existing office opportunity
- Handover offered
Very rarely do business models of this type, experience within the industry come on to the open market and we therefore strongly advise any interested party to make an early enquiry to avoid any disappointment.
Location
AB Piling and Underpinning is currently run from our clients home office location in Derby, however due to the specialist work it manages they cover most parts of the UK.
The business is being sold as a ‘Business only’ opportunity which will allow the business to easily be transferred to any alternative location across the country and would also make an ideal ‘bolt-on ’ acquisition to any other related business operating in the building/construction sector.
Referring to some of the case studio’s attached, you can see the breadth of the type of work carried out, from creating new support solution for a footbridge at Aldourie Castle in Inverness to a single storey piled extension in Shropshire.
Premises
Relocatable.
Tenure
Business Only.
Hours
The business runs 24/7 work depending.
Staff
The business is run and managed by 3 full time staff members.
Financial Profile
We are advised the business generated a turnover IRO - £240k as of 2023, further financial information can be made available upon request.
Please quote reference B06557
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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