Fast Growing Domestic And Commercial Insulation And Environmental Services Company | | Undisclosed Hertfordshire | | Fast Growing Domestic and Commercial Insulation and Environmental Services Company Ref.GK196 Location Hertfordshire Asking Price £1,750,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51444
ADVERT IMPRESSIONS : 10,952 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £1750000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
After 14 years involved in the cavity wall insulation industry, this fast growing business was established by two partners in 2008. Since then it has grown rapidly and successfully completed major public works such as three 18-storey block of flats, public buildings, schools, and housing association developments along with hundreds of domestic works for private clients. Clients include borough councils across London and the Home counties along with the key Tier 1 Contractors and Housing Associations. Many of these clients now have on-going projects, and the business is the first choice on the approved supplier list. The business has also now entered into a favourable partnership agreement with one of the largest public sector contractors in the UK. Whilst the social housing and public sector project work is on-going and tends to focus around the summer months, there is a constant stream of enquiries from private individuals. These enquiries tend to peak over the winter months, providing a great stability to monthly earnings, asset utilisation and future potential.
The prime area for the business has always been insulation for walls and roof areas. Using the latest machinery, techniques and products in the marketplace, the company can handle projects of all shapes and sizes. Due to their success and reliability the company has been requested to handle ancillary services, and has excellent opportunities for growth. The business is involved in many government initiatives such as “The Green Deal”, a government backed scheme for whole house efficiency. There has been developments in supplying products for water use reduction and renewable energy installations. The company is well placed to offer these services as they will be on-site in any fact for the main insulation contracts. With the current confirmed projects in place, the business is on target to double turnover in 2011 to around £3 million, with profits increasing to circa £700,000.
The business has full accreditation with the BBA, CIGA, Construction Line, Safe Contractor and the Youth Training Program. The company is also in the process of gaining CHAS registration.
The business is operated with a bespoke “Transparency” back office system provided by T-Tech Media. This system has been heavily customised by the owners of the company and includes a full audit trail for project management with on-line access available to customers. The system also handles all human resources, payroll, property details, quality assurance, invoicing and financial accounts.
Equipment:
The plant includes but is not limited to the following:-
2 x 3.5 tonne Bead trucks on lease, which include compressor, glue and bead all in an on-board sealed unit.
2 x 6.5 tonne trucks, 2 x 7.5 tonne trucks, and 2 x Luton box vans. Each of these vehicles are owned by the company and valued at between £13-16K each.
There are also 3 x ‘Stewart Energy 750 Mark 2’ (circa £14K each) and 1 x ‘Stewart Energy 500 Mark 2’ (circa £11K) fibre insulation blowing machines.
Customer Service:
The business owners pride themselves on the high levels of customer service which has been instilled across the team. The company has built an excellent reputation for quality of work completed on time and to budget. With an exceptional knowledge of the marketplace and industry, the company is regularly called upon as the experts to assist with funding options, government schemes along with the project planning and completion itself. This has resulted in very strong customer relations, with the business being the only one to call for insulation and environmental considerations. This focus on customer relations is further shown by the excellent testimonials, levels of recommendation and referral, and the explosive growth over the past couple of years.
Key Strengths:
The streamlined process are a great assistance to the operations of the business which are shown through on the bottom line and from customer satisfaction. The large and diverse client base, with many Public Sector partnerships, means the company is always working to the optimum levels with good use of plant, machinery and the loyal and qualified team of staff.
Growth and Expansion Opportunities:
The business is very well placed for future growth. The name is recognised in the industry, and receiving many new enquiries and projects on a weekly basis. This will continue with the on-going environment focus an requirements. The business can capitalise on its reputation by marketing to clients across the country. Alongside winning new business for the core services, the vendors have already started successfully expanding into renewable energy instillations and other green initiatives such as the water efficiency scheme with a unique product currently being trialled. There is also every opportunity to supply over-lapping services such as solid wall insulation and plumbing and heating.
Premises:
The business is operated from a large warehouse unit on a light industrial park, which occupies approximately 6,500 sq ft. At he front of the building are small training rooms and staff toilets on the ground floor, with a large management office and Directors office on the 1st floor. The lease was signed in 2008 for 10 years, with a 5 year break. Annual rent is circa £29,000 with business rates payable circa £18,000.
Business Hours:
Monday – Friday: 9:00 am – 5:00 pm (Office)
8:00 am – 5:00 pm plus overtime (Site work)
Security:
The warehouse has a 4 camera CCTV system and is alarmed. The owners are in the process f installing security fencing outside the property so that company vehicles can be safely stored at the front of the premises.
Advertising and Marketing:
The business has grown from direct tenders and taking over contracts from others in the marketplace that have not been able to complete works to schedule and on budget. Once a contract has been won, the client returns time and again for al their needs. There has been promotion in Directories and there is a comprehensive website detailing all the company’s offerings.
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.
Projected Turnover for 2011 circa £3 Million. Turnover for year end 2010 circa £1.6 Million, with a Gross Profit circa £700,000 and Net Profit circa £400,00. Net Assets are conservatively valued at £150,000.
Employees:
The company is operated by the two owners, who between them handle all project development, operations, planning and business administration. In the office, full time employees include an Office Manager, Administration Assistant, Business Development Manager. In the field are 2 Supervisors, 14 installers and a self-employed surveyor.
Support and Training:
The vendors are agreeable to a period of handover for the successful transition of ownership. They will also consider a longer term consultancy agreement if that is of interest to all concerned.
Reason for Sale:
With such incredible growth, the vendors of the business believe that new owners with additional resources could take the business to the next level. | | | | | | FOR SALE | | | | | REFERENCE: | GK196 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
