Relocatable Builders & Electrical Contracting Business | | Undisclosed West Midlands | | PROFITABLE BUILDERS & ELECTRICAL CONTRACTORS WITH EXCELLENT TURNOVER 70% of turnover from Insurance work, 30% from electrical contracting work Upto 15 sub contractors available- works within 80 mile radius A/T: £522,500 GP: £135,400 Scope to increase area covered BUSINESS ONLY: £130,000 +SAV REF: 9563DY | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46433
ADVERT IMPRESSIONS : 14,275 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Builders | | SALE: | Agent Sale | LEASEHOLD: | £130,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business, which is currently run from the vendor’s home, is currently based in a residential area in the West Midlands.
THE BUSINESS
Advent Business Sales is delighted to have been instructed to offer to the market this very well established and profitable niche builders and electrical contracting business.
Founded by the present vendor over 6 years ago, the business is only now being reluctantly offered for sale as he and his family are planning to emigrate to Australia.
The business has excellent working arrangements with local loss adjustors who pass him details of fire and restoration insurance work, church repairs etc for him to quote against, this type of work accounts for approximately 70% of turnover.
The remaining 30% of turnover is made up of electrical contracting work for a local builder.
All work is carried out within an 80 mile radius of his home and work is contracted out to others on either a ‘CIS voucher’ basis or against an invoice.
All costs are agreed in advance which will leave a 35% mark up to cover the overheads of the business.
Sales in the year to November 2008 were £522,535 with a gross profit of £135,489, overheads are very minimal.
The only employees of the business is the vendor who works full time and his wife who works approximately 20 hours per week on book keeping. The business can call upon up approximately 15 experienced sub contracted workers, who he knows will do a good job.
The vendor is willing to work with a new owner to ensure a smooth transition and to give the necessary introductions to both customers and sub contractors alike.
This is an ideal ‘bolt on’ business for an experienced contractor looking to expand in the area, for an ex pat coming back into
the UK or for a project manager looking to strike out on his own for the first time.
REF: 9563DY
TRADING HOURS
Mon-Fri: 8.30am – 5pm
EXPANSION POTENTIAL
This is clearly a very successful existing business, which is very realistically priced to sell. It still offers however, excellent scope to increase both sales and profits by:
1. Covering a larger area than at present, the insurance loss adjustors have intimated that more work could be placed if they were interested
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £522,535
Gross Profit: £135,489
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
Home run business – to be re located | | | | | | FOR SALE | | | | | REFERENCE: | 9563DY / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
