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BUSINESS REFERENCE : AH049 / RightBiz SYNTHETIC GOLF GREENS – WHOLE UK TERRITORY WITH INSTALLATION & MAINTENANCE | | | | | | Synthetic Golf Greens – Whole UK Territory with Installation & Maintenance This brand has no equal in the world; in the design and construction of synthetic putting greens Confidentially offered for sale Ref. no: AH049 Location: Berkshire Asking price £120,000 | | | BUSINESS LOCATION: | Undisclosed Berkshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £120000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
This highly successful business was founded in 2004 and has been in the Vendors’ ownership since then, 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 customer experience, products, brands, service and reliability.
This business is supported by an internationally renowned franchise business that boasts endorsements and recommendations by some of the world’s most famous and successful USPGA and PGA Tour professionals; and has the full and exclusive rights to market the portfolio of products throughout the entire United Kingdom.
This highly profitable business designs and supplies a specialised range of synthetic putting and practice greens including design and installation to its established base of customers, being amateur and professional golfers, with many having become longer term maintenance relationships.
This business designs installs and maintains these greens and practice bunkers to meet the most stringent British standards and individual project requirements at a very competitive price using only the highest quality branded products.
The artificial putting greens and golf greens installed by this business can now provide the look, feel and playability of the best natural grass greens, but without the high ongoing maintenance costs.
The business’s products and expertise has no equal in the world in the design and construction of synthetic putting greens and has installed practice greens for over 30 PGA pros, as well as over 7000 keen amateurs worldwide. Customers can have the exact same putting surface in their own garden, complete with fringe and bunkers.
This business provides the buyer with a perfect opportunity to buy an established, profitable business with strong, stable, cash-flow and profits; all supported by the power of an internationally renowned brand and is ideal as an owner managed enterprise or a company presently in the industry that wishes to expand by obtaining the business’s strong client base and qualified employee expertise.
Staff are highly skilled and have several 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 the world’s highest quality synthetic putting and practice greens to all their loyal clients throughout the United Kingdom.
The business is further supported by exemplary relations with the Franchisor in the United States and 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 a very small requirement for customer credit and essentially trades with stage payment plans and a small 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, on site. 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 growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this 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.
Current operations have been developed through local and regional projects from the business’s Berkshire base; significant opportunities exist to develop a national regional network of agencies and also the lucrative trade market to golf clubs and centres.
Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient contracting business.
Advertising and marketing
The business has invested in a first class website and is responsible for the majority of the business’s new business. There remain excellent opportunities to increase these activities and market the business even more aggressively to significantly increase turnover.
Employees
The business currently employs the vendor, 4x installers, 1x office administrator and a loyal team of freelance individuals and sub-contractors available on a project by project basis.
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 main road arteries including the M4 and M25.
The current premises are unavailable.
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 3 years of trading.
Average sales revenue is circa£310,000 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 many times. Adjusted net profit for 2007 was circa £125,000; assets constitute a value of circa £40,000.
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 the franchisor relationship | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AH049 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
