Gas And Plumbing Engineers | | Undisclosed West Midlands | | Gas and Plumbing Engineers Ref.GJ023 Location West Midlands Asking Price £ 950,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 30381
ADVERT IMPRESSIONS : 30,074 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | ££ 950000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.
Since its inception in 1991, this ever growing company has been dynamically driven and carefully managed by its Directors, by fully utilizing their 28+ years of generic experience in the same field.
Although the company undertakes all levels of work within its sector, both private and commercial, they have developed something of a specialized niche in taking on major contract work for large companies working at a national level, and sometimes involving over 1000 properties. This work tends to be refurbishment and new build work i.e. from wet rooms through to bathrooms and kitchens etc.
So successful have they been at winning and completing these contracts both on time and on budget, that they continue to secure more and more contracts of similar types. This type of contract work now represents approximately 80% of their total spread of work, and has been gradually growing over recent years due to the company’s excellent reputation for their quality of workmanship and their proactive approach to solution provision.
As you would expect, the company is fully Gas Safe registered and compliant, as well as being Watermark and Constructionline registered.
With a genuinely growing business portfolio, in a market place where reverse trends are becoming more common, the acquisition of this business will appeal to perhaps other companies in the same or parallel sectors, who could add the turnover directly to their own and, whilst amortising overhead ratios, increase bottom line profitability.
Equipment:
The company owns, maintains and operates a fleet of commercial vehicles along with an inventory of tools, machinery and office equipment. We are led to believe this total inventory to have a value of circa £130,000.
All such inventory is expected to be included in a successful sales package.
Customer Service:
The quality of customer service offered by this company has been one of the keystones of their business model, and has more than played its part in the steady growth pattern being experienced here.
Premises:
The company’s short term lease premises are connected to all main utilities and are subject to a 12 month agreement with a 3 month notice period.
Current annual rental comes in at circa £8,000, with rates coming in at circa £2,000 per annum. Approximate size is believed to be circa 1050 square feet.
Business Hours:
Monday – Friday: 8.00am – 5.00pm
Security:
The premises benefit from the fitment of an alarm system.
Advertising and Marketing:
The company has developed and maintains an Internet website along with insertions in the local Yellow Pages.
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.
Employees:
The company currently employs 16 full time and 16 part time subcontract staff, including its 2 Directors.
Support and Training:
Full support and any necessary training will be provided during handover as part of a successful sale package.
Reason for Sale:
The Directors have now decided to sell the business and, by allowing the new owner to develop the management structure, give the company fresh energy to further increase turnover and profitability. | | | | | | FOR SALE | | | | | REFERENCE: | GJ023 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
