Building And Maintenance Contractor | | Undisclosed East Sussex | | Building And Maintenance Contractor Ref.GB157 Location Sussex Asking Price £ 340,000 Turnover £650,000 Gross Profits £340,000 Pre Tax Profits in excess of £200,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 53949
ADVERT IMPRESSIONS : 31,182 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Building Maintenance | | SALE: | Agent Sale | LEASEHOLD: | £340,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Established in 1997 and operating from its current premises for the past five years, this business has grown to become one of the leading property maintenance and general builders in Sussex. Working in the commercial & domestic sectors, the business’s Client base includes property management companies, reactive maintenance companies, Architects, Surveyors and home owners.
Offering planned maintenance, emergency day-today call-out services as well as general repairs, the work carried out by this business is extremely varied, from straightforward repair and maintenance right through to more complex, complete building and property refurbishment projects.
The Planned Maintenance works can extend to contract values in the region of £50,000 to £60,000 whilst on the smaller side, the business is on hand to undertake repairs and installations - window, door, kitchen and bathroom installations, plumbing, plastering, carpentry, tiling, rendering, re-pointing, roofing, painting and decorating – even the putting up of curtains! Basically this business can deal with anything requested of it and has been on hand in the past to deal with everything from changing a tap washer for just a few pounds, right through to complex refurbishment projects stretching to several hundreds of thousands.
The business benefits from longstanding working relationships and a successful track record with major clients that can only result from high levels of workmanship, cost effectiveness and reliability, but above all speed of response.
The business has a particularly impressive track record of working closely with building professionals, often delivering the planning process as well as the build. It has excellent relationships with the Design Teams it has worked with and is renowned for its pro-active approach, technical inputs as well as its problem solving techniques on difficult projects. Not surprisingly the business can boast a number of Clients it has worked with since Day One. Similarly, the team has worked together for a number of years and is able to offer the broadest range of experience and expertise as is required and which is in constant demand in the sectors in which this business operates.
This is a very well managed business, with an excellent loyal, blue chip Client base providing on-going work. With turnover for the financial year of £650,000 generating a gross profit of almost £340,000 and a pre-tax net profit in excess of £120,000, this is an excellent opportunity for an existing operator to extend their presence in the sector or for a new operator to acquire an excellent foundation for significant growth in the building maintenance and repair sector.
Key strengths:
This is a very well-established business with an excellent reputation for offering good quality workmanship at a competitive price. Most importantly this business knows the importance of speed of response and does everything possible to react very quickly to all requests, safe in the knowledge that this will further cement its Client relationships.
This business has a varied, wide ranging Client base. Once on board, Clients stay with this business – testimony to the very high level of service and workmanship the business delivers at a competitive price.
Having worked with many of its Clients for several years, this business is a tried, tested and very trusted supplier, receiving a constant stream of work orders delivered from Clients via a direct computerised link with many of them. These close links ensure predictable incomes moving forward.
Key opportunities:
With a strong demand for this business's services, combined with a capacity to increase turnover, a new owner contributing fresh ideas, drive and enthusiasm will have every advantage of building on this excellent platform.
This business currently works at a level of activity at which the current Business Owners feel comfortable. Such is the volume of work arising through some of its Clients however, that it is consistently approached to do more. Increased resources in the form of a Contracts Manager, would enable this business to significantly increase its business activities and as a result, improve its turnover and profitability. Further work could be attracted to the business by marketing and advertising and by leveraging its excellent reputation to attract further Clients.
Customer Service:
Quality workmanship, close attention to detail, reliability, speed of response and customer satisfaction are all central to the success of this business as are the maintenance of the excellent relationships it has with its Clients.
Plant and equipment:
This business has all the equipment normally associated with a business of this size operating in this sector. It also has five sign written vans, generators, ladders and access equipment and carries a large volume of tools and stock of materials which enables the business to maintain its excellent track record of prompt responses to emergency call-outs.
Premises:
This business operates from very well suited premises.
Marketing and advertising:
This business invests little in marketing and advertising. Business is generated from its ‘Approved Contractor’ status with its Clients, significant word of mouth recommendation and by the on-going activities of its main Clients. Once it has undertaken a job it is frequently asked to return to complete other works. And it is frequently taken by its Clients to other organisations when they themselves move to new positions.
The business has a very well designed, informative and easy to navigate website which performs very well in all of the search engines for all appropriate search terms – though developed several years ago, it would benefit from upgrading. Its sign written vans are an excellent mobile advertising hoarding but by far the most effective form of marketing the business enjoys is strong word of mouth recommendation, testimony to the high levels of service the business provides.
Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover £650,000, Gross Profits £340,000, Pre Tax Profits in excess of £200,000.
Employees:
The Owners are responsible for the day to day management of the business supported by a team of fully qualified, highly experienced and directly employed tradesmen including Roofers, painters and multi-skilled tradesmen, one of whom combines duties as a Contract Manager with working on-site.
Additional specialist sub contractors are also called upon as required.
Support and Training:
The current owners will assist fully with handover and training to ensure a smooth transfer of the business.
Reason for Sale:
Having operated in the sector for over twenty years the current Owners feel the time is right to pursue other challenges.
| | | | | | FOR SALE | | | | | REFERENCE: | GB157 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
