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BUSINESS REFERENCE : EA002 / RightBiz SPECIALIST POWDER COATING SERVICES | | | | | | Specialist Powder Coating Services Established for more than 25 years providing comprehensive range of services to architects, specifiers and engineers Confidentially offered for sale Ref. no : EA002 Location: Berkshire Leasehold Asking price £315,000 | | | BUSINESS LOCATION: | Undisclosed Berkshire UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Machinery | | SALE: | Agent Sale | LEASEHOLD: | £315000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
This regionally renowned and highly successful business was founded in 1982 and has been in the Vendors’ ownership since inception; hard work and entrepreneurial spirit has driven significant growth in that time, leading it to become a significant regional enterprise with a strong reputation for the quality of its high quality services, customer experience and reliability.
This highly profitable company prides itself on offering a broad range of high quality but affordable powder coating and blasting preparation services to its loyal and established client base in the construction and security industry and institutional clients such as councils. Many having become long term relationships and for some is preferred provider including well established and well known architects and specifiers.
Loyalty of this sort has been achieved by focusing efforts into “getting the job right first time” and, whilst this has meant significant investment in staff training, plant and equipment, the results have more than justified the investment. Despite these consistent successes the business has not become complacent and continues to seek improvement in process and procedures.
This business is ISO 9001 accredited and provides these services to meet the most stringent British standards and individual project specific requirements at a very competitive price using only the highest quality materials.
This business provides the buyer with a perfect opportunity to buy an established, profitable business with strong, stable, long term, cash-flow and profits or a company presently in the industry that wishes to expand by obtaining the businesses strong client base, facilities and qualified employee expertise.
Staff are highly skilled and have many years on-the-job experience, enabling the business to offer its clients a guaranteed range of services, at the highest levels of quality. The business uses a tried, tested and perfected methodology, supported by long-term employment relationships with operational staff and stable partnerships with materials suppliers, sub-contractors and clients.
The business prides itself on its products and services maintaining the highest standards for fairness, honesty, superior workmanship and service. They are dedicated to conscientiously meet client expectations, to be a responsible employer and value-added provider of quality powder coating services to all their loyal clients throughout the region.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that client service and product quality is never compromised and that customers receive the highest possible quality of service, leading to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.
The business has invested to a suitable degree in technology and has an up to date administration and accounting system. The business also benefits from excellent invoice payment schedules and essentially trades with final payment required on delivery or completion.
Customer Service
The business manages all client relationships through the vendor in the first instance and maintained by the project employees, in the workshop. Clients are used to dealing with any member of staff on a project with any query or concern. This has enabled the business to add an extra dimension in client management, the benefit to the client illustrated in the immediate solving of project issues.
All employees and projects work to and are carried out to all required industry standards of safety and quality.
Key strengths
The primary key strength is the specialist knowledge and expertise of the staff in their fulfilment of projects. This experience adds further value to the business through cost controls in wastage and the speed of project completions; this has lead to a considerable reputation among clients and within the industry for value, quality, expertise and speed.
Growth and Expansion
The current market for this business’s services is always growing and is forecast in the near and longer term for significant growth. Particular expectation is connected to the upcoming Olympic Games preparations and construction which this business is well placed to exploit through its current institutional clients. The business is well positioned to take maximum advantage of any growth as it occurs.
This will best be achieved by an owner with an understanding of the value of this business’s specialist expertise and its advantage as a component alongside other complementary services.
Key opportunities
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase operations and turnover, a new owner contributing fresh ideas and investment will have every advantage of building on an excellent platform.
Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient contracting business.
Advertising and marketing
The business has used little advertising in the past. There remains an excellent opportunity to increase this activity along with the creation of a company website and market the business even more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality & service and strong word of mouth recommendation.
Employees
The business currently employs the vendor and 2x powder coating and blasting staff.
Reason for sale
The business is for sale as a result of the vendor’s wish to take a well earned retirement.
Premises
The business is located in an easily accessible area in Berkshire close to many other busy businesses and main road arteries including the M4 and M25 and operates from semi rural and discrete premises with operational, storage, utilities and administrative facilities and benefits from secure, lockable steel doors to the front and rear. There is ample parking and total floor-space is approximately 2000ft2.
The premises are leased on a flexible rental basis; rent is paid circa £17,000 per annum inclusive of rates.
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, high gross and high net profit and has shown consistent growth over 25 years of trading.
Average sales revenue is circa£245,000 per annum net VAT and the vendor feels that with further investment in marketing and the expected increase in market demand the business could increase its revenues by as much as 3x. Adjusted net profit for 2006 was circa £100,000; the business has comprehensive plant, fixtures, fittings and vehicles, these assets constitute a value of circa £50,000.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading, the owner is willing to carry on working on a full time basis for an agreed period to ensure a smooth and consistent handover.
The vendor has been involved in the business since its first days of trading and can offer considerable advice and information concerning all aspects trading in the region, re-location and customer relationships | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | EA002 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
