Specialists In Property Maintenance And Building Developments For Commercial & Domestic Sectors Plus Numerous Council Cont | | Undisclosed Relocatable | | Specialists in Property Maintenance and Building Developments for Commercial & Domestic Sectors plus numerous Council Contracts Ref.GB153 Location South Wales Asking Price £220,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 50328
ADVERT IMPRESSIONS : 47,482 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Building Maintenance | | SALE: | Agent Sale | LEASEHOLD: | £220000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
A well established building company with excellent written contracts with local authorities that generate circa £1,200,000 of work every financial year. This represents a great opportunity for an existing building company to add on profitable contracted turnover and to gain the bonus of benefit against existing fixed costs.
Since its inception in 1996, this company has made a point of building a broad base of clientelle that give ongoing and consistant levels of work from a number of differing revenue streams. The business works with a select number of architects involved in new build projects, development and re-development work and private renovations. Contracted work is carried out for a number of schools in the area plus the business completes projects on behalf of insurance companies requiring repair and maintenance work. In addition it has secured two main contracts with the local council, the first being a vacant property contract involving refurbishing empty properties prior to them bing re-let. This agreement is in place until 2013 and generates circa £500,000 of work per annum. The second contract appertains to disabled and grant work, which also runs until 2013 and involves the refit of kitchens and bathrooms for disabled people plus general grant work where roofing, soffits, fascias and windows require replacement. Further work under the Envelope scheme is undertaken in areas where a regeneration programme is being funded by the Welsh Assembly.
Key Strengths:
Broad base of revenue streams
Excellent reputation
Written three year contracts
Guaranteed turnover of £1,200,000 per annum.
Premises:
The business occupies leasehold premises with approximately 2500sq ft plus a mezzanine floor that acts as a general administration base, plus storage unit. The lease is a rolling one year contract at £8330 which is inclusive of maintenance. Rates are an additional £3000.
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.
The business has a consistent turnover circa £1,700,000. Net profits have fluctuated depending on the level of re investment and net assets are around £165,000.
Employees:
Two shareholder directors
One part time office assistant
One contracts supervisor
Twenty five bricklayers, plasterers, tradesmen and apprentices.
Support and Training:
The owner will provide a full handover for a period to be agreed as part of the sale negotiation. | | | | | | FOR SALE | | | | | REFERENCE: | GB153 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
