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BUSINESS REFERENCE : ET010 / RightBiz SPECIALIST DRILLING AND CUTTING COMPANY | | | | | | Specialist Drilling and Cutting Company Confidentially offered for sale Ref No:ET010 Location: Scottish Central Belt Asking Price £1,295,000 | | | BUSINESS LOCATION: | Undisclosed Borders Scotland UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Manufacturing & Distribution | | SALE: | Agent Sale | LEASEHOLD: | £1295000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The Business was established 17 years ago by the current owner. The company is run by the current vendor and his son, who is employed as the contracts manager. Between them they have over 25 years of experience. Supported by a professional, dedicated and loyal team of 21 personnel, the company has an excellent foundation and infastructure for further significant growth.
The business specialises in diamond drilling, concrete sawing, cutting and floor finishing services throughout the UK. The comprehensive range of services includes Diamond Core Drilling, Diamond Floor & Wall Sawing and Chasing, Specialist Wire Sawing, Crunching, Busting and Controlled Demolition, Hydro Cutting, Brokk Robolition and Floor Preparation inc. Shot Blasting, Grinding and Polishing.
Customer Service:
This business has expertise, highly skilled personnel and reliability. As well as its dedication to customer satisfaction, it has attracted and continues to attract new referrals and an extensive base of very satisfied clientele. As a plus, the key personnel are willing to continue with the company, promoting the growth and the success of the business.
The company combines large company experience with small company flexibility. It is particularly renowned for the quality and dependability of its pre-contract planning and problem solving capabilities.
Key Strengths:
• Very well established business providing high customer service levels
• High level of self sufficiency, giving competitive pricing and fast turnaround
• Enviable customer base
• Excellent operating margins
• Strong reputation among clients
• High repeat business
• Commitment to providing a quality service
• Excellent reputation with clients and suppliers
• Thorough and efficient service
• Solid client base
• Strong profit growth
• In depth knowledge of business
• Excellent reputation
• Recognized industry name
Key Opportunities:
The current owner has controlled the amount of work taken on by the company in recent years. The demand for this company’s service exceeds the current trading levels and with little effort, trading could easily be increased by at least 30%.
The business would benefit from further sales and marketing development, direct or otherwise. Already the preferred company of a few corporate clients with such a strong portfolio of work and excellent record of accomplishment to sell from, there is the potential of being able to develop links with other organisations; this will ultimately generate further business.
With a strong demand for services and capacity to increase turnover, a new owner would contribute fresh marketing ideas and outside influence to build on an excellent base.
Employees:
The Company has in place a sound management structure, which means that the business does not depend on the Owners involvement on a day-to-day basis.The staffing consists of a Contract Manager, Operations Manager, several office staff with a further 14 staff working on site at any time.
Advertising and Marketing:
To date, new work and the very healthy cash flow have been generated just from word of mouth recommendations - there has been little or no sales effort, little advertising, no brochures, and no use made of the company’s presence on the internet.
By using any of the above mediums, the business could dramatically increase its presence, turnover and bottom line.
Premises:
The Business currently trades from a modern, well appointed, single storey leasehold commercial property, with a current rent of £12,000 per annum plus rates of £3,600 per annum. It also has the benefit of CCTV and sufficient office space.
Business Hours:
The business operates from 8.00am to 5.00pm.
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, enjoying a Strong Order Book and high gross profits. Turnover last year was circa £1.1million, with a Gross Profit of circa £700,000.
Reason for Sale:
Having spent the last 17 years developing the business the owner now seeks a more leisurely lifestyle to enable him to spend large parts of the year at his second home in Spain.
Support and Training
Owner agrees to a reasonable transition period and is willing to offer his full support to the new owners, though the business has virtually been run under the management and guidance of the contracts manager. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | ET010 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
