Rapidly Growing Gas Mains Installation & Replacement Firm in Lancashire for Sale
Oldham, Manchester
- Status
FOR SALE
- Date Submitted:
13/09/22
- Advert ID
500214
- Reference
B06987 / Rightbiz
- Call Agent:
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
RMC Gas Limited
BusinessPlease quote reference B06987
Based in Oldham, this gas mains installation and replacement specialist has grown rapidly to become a trusted supplier to major gas infrastructure organisations.
RMC Gas Limited is a young company with a remarkably fast growth trajectory, securing long-term contracts with several of the UK’s leading gas infrastructure providers. With turnover increasing rapidly year on year, it is now ready for a new owner to take advantage of the many opportunities to further grow reach, turnover and profits.
Lucrative contracts with big players across a variety of regions have provided a solid stream of ongoing work. These contracts have also provided a ‘foot in the door’, with one contract often leading to further work and increased workloads. Most recently, the company won a 2-year contract on a mains replacement project in the North West on behalf of an existing client, worth approximately £3 million over two years. Also a 5 year contract for specialised work removing and replacing old internal gas risers for multi occupied buildings up to 32 storeys.
The business offers a diverse range of services, which bodes well for its potential to attract new clients.
This is a fast-expanding operation, regularly moving into new territories. Turnover for 2023 of £3.2m, which is considerably up on the previous year.
Highlights -
- Fast-growing business –turnover of £3.2m in 2023 significantly higher than the previous year
- Contracts with a wide range of clients ranging from two to eight years
- Inground teams to do mains laying and service laying on the gas networks with regards to joiners and electricians
- Further opportunities with current providers
- Wide skillset likely to attract many more clients
- Business growth is rapid – a new owner with the skills to manage this growth is likely to enjoy significant rewards
Location
Based in Oldham at Unit1, Hamilton Street, Oldham OL4 1DA, the business occupies three adjacent leasehold units. in their own common yard.
• A well-fitted out location that includes three office spaces, storage space, a canteen and toilet facilities.
• The yard area includes ample room for 10 vehicles.
• The premises are well secured and alarmed, and are monitored with CCTV.
Premises
The premises are Leasehold.
Tenure
Business premises will be offered on a new lease, with terms to be agreed
Hours
Due to the nature of the business, it operates all year round.
Staff
We are advised that there are 38 employees and inground teams undertaking the main laying and service laying on the gas networks, electricians and joiners.
Financial Profile
Turnover IRO - £3.2m for 2023.
100% share sale
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
Contact seller
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
Get Solicitor
