Building Contractor With Large Public And Private Sector Client Base | | Stevenage Hertfordshire | | Building Contractor with Large Public and Private Sector Client Base Ref.GB156 Location Stevenage, Hertfordshire Asking Price £500,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52918
ADVERT IMPRESSIONS : 8,260 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Builders | | SALE: | Agent Sale | ASKING PRICE: | £500,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This well know and respected building contractors was established as a limited company by two brothers in 2005, after many years in the building industry. The business immediately one contracts from major tier 1 contractors and the public sector. With a specialism for brick work for new build projects, the company has completed some high profile contracts across Hertfordshire for the likes of Morris Construction, Herritage Construction, Stevenage Borough Council and McGrath Construction. In the public sector the company has worked on schools and hospitals across the county. The business has built blocks of flats, extensions, and new homes, along with ongoing enquires and work for private individuals who come to the business via recommendation and referral.
The business has an excellent reputation which has been built on the quality of finished work and service, with a reliable and flexible approach at all times. The business has punched above its weight to win contracts, and once won clients return time and again. The company now has access to numerous reliable and skilled sub-contractors, with teams of up-to 25 employed dependent on the project undertaken.
Equipment:
The business is operated with operated with a 2008 Pick-up truck and a 2005 large van. Heavy Plant is hired in as required. The business owns a range of small tools, with sub-contractors bringing their own tools to site.
Customer Service:
This business has built an excellent reputation in the industry. The vendors have instilled a pride in work across the team, with a professional finish to work at all times. Clients know that once the company is called in for building and brick work, they can rest in the knowledge that the work will be completed on schedule, to budget, and to the best quality. With such a large team of qualified and reputable sub-contractors to call on, the business has the flexible capacity to handle projects of all size, and be on-site at short notice with the team in place to get the work done. With minimal advertising, the focus on exemplary customer service is what keeps clients coming back, and keeps the phone ringing with new enquiries.
Key Strengths:
The reputation in the marketplace is excellent, and has resulted in a group of quality clients in both the public and private sector which keeps the forward project book full. These hard won clients, give great stability to the business and revenue levels, whilst having enough diversity to not rely on any given customer. The team of contractors built-up over the years, allows the owners to run the company in confidence that work will be carried out to the highest standards at all times, re-enforcing the repeat business. The business is streamlined, with low overheads.
Growth and Expansion Opportunities:
The vendors are confident that by keeping to the same business model, and trajectory the turnover will reach £2 million plus within 3 years. This is from the organic growth in the area, with new clients and major contracts being won along with existing clients sending all their brick work needs to the company. With minimal advertising, the business could benefit from a structured marketing effort, with corporate website, and approaches made to other contractors and local authorities in the Home Counties.
Premises:
The business is operated from a home office, and is fully re-locatable.
Business Hours:
Site work is undertaken Monday to Friday 7:00 am – 4:30 pm, with overtime as required to complete projects to schedule.
Advertising and Marketing:
The business undertakes minimal advertising. There are positions in on-line directories, but the majority of work comes from tendering, repeat orders and recommendation and referral.
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.
For the year ending February 2009, the Turnover was circa £700,000, with a Gross Profit circa £255,000 and a Net Profit circa £183,000.
Once Directors PAYE, Depreciation, and sundries are accounted for, the Net profit is adjusted to circa £220,000. Net assets are conservatively valued at around £20,000.
Employees:
The business is operated by the two brothers, who between them handle all Management, Operations and Business Administration. They are still on-site daily to oversee projects, however they are now in a position of management which allows for the easy transfer of ownership. The business employs a free lance Surveyor, and teams of sub-contractors, with up-to 25 people on any give site dependent on requirements.
Support and Training:
The vendors are agreeable to a period of handover for the successful transition of ownership.
Reason for Sale:
After many years building the business together, the vendors are looking to hand over the construction firm in a position of growth to those who can take the business to the next level. The are considering returning to private property development. | | | | | | FOR SALE | | | | | REFERENCE: | GB156 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
