Construction Company Serving Major House Builders | | Undisclosed Manchester | | Construction Company Serving Major House Builders Ref.GF044 Location Greater Manchester Asking Price £350,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57624
ADVERT IMPRESSIONS : 13,918 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Builders | | SALE: | Agent Sale | LEASEHOLD: | £350,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This specialist and rather unique construction company was set up the current vendors several years ago, to specifically service the major UK House builders market.The company provides speacialist bricklaying and joinery packages to house builders, whether it is a one off house build through to major new build developments. The company is very reponsive to the needs of its clients and in return enjoys very high levels of repeat business and referrals.
The company has establsihed a large network of reputable and suitably qualified sub contract labour so that it can repsond to its customers on a project by project basis. It’s ability to respond quickly and the fact that it can handle very high volumes of work gives this business an edge in this lucreative marketplace.
The business also provides a facilities management and customer care service to clients. Whilst this accounts for only circa 15% of current revenue,s it ensures the business stays in contact with many of its customers on a regular basis and positions the business well for new project offerings.
The company has grown significantly year on year and the business has continued to perform well through difficult trading times for the market in general.
Because of its specialisation the company has been awared several high profile jobs over the last few years and this trend is expected to continue such is the reputation it has establsihed in a relatively short period of time.. In addition to this the company will also undertake smaller works be they private or architect led. The business enjoys a strong order book that ensures ongoing revenues for the business.
Equipment:
The company utilises the Quickbooks software package to run the operation and also has a level of plant, tools and equipment as you would expect from an operation of this size including a fleet of some 4 well maintained vehicles. All equipment is included within the sale price.
Customer Service:
Because of the nature of the work undertaken and the type of high profile clients it serves this business understands that customer service is key for its ongoing prosperity. The fact it can provide additional customer care and facilities management services alongside its core bricklaying and joinery packages ensures the customer is happy. Because it is a specialist the business has the knowledge and expertise to cater for the most precise details and can project manage jobs, however large or small, effectively and efficiently.
Key Strengths:
• Profitability
• Reputation-the business enjoys impressive referrals rates and repeat business
• Specialist knowledge
• Business model-low fixed overheads yet scaleable and flexible
• Availability of highly skilled labour.
• Customer base and customer care
• Speed of response
Growth and Expansion:
The company has grown year on year since inception. Pipeline of future projects and market indicators suggest this growth is expected to continue in the short to medium term. However to take it through its next period of growth the vendor feels the business would benefit from a new injection of business acumen and further investment in its own internal infrastructure to accommodate this growth.
Key Opportunities:
The business has enjoyed a very successful trading history to date. Its client base is such that the business will continue to achieve such results in the future. However the current owner believes that the business would benefit greatly from some additional investment in its own internal infrastructure to accommodate this growth. Accreditation to various construction related bodies would certainly enhance the company’s profile further should a new owner wish to develop the business in this way.
Premises:
The business operates from leasehold premises on a small industrial estate. Current lease is for 2 years. Current rent is circa £600/month. Rates are circa £3052 p.a. The site comprise small office building and secure yard.This business could easily be relocated if need be.
Business Hours:
As required.
Advertising and Marketing:
This highly efficient company has never really had to undertake any advertising, such is its position in the market. Most new business is generated from ongoing client requirements, tender invitations, repeat business and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation.
There is opportunity to expand the business’s profile with a strategic sales and marketing programme should a new owner so require. It would also benefit from an internet presence and trade accreditations.
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.
Turnover is circa £1,000,000 with adjusted net profits circa £120,000 for the year. The business has a good pipeline of future project visibility and a significant current order book value.
Employees:
The two directors work full time within the business. The business also employs two apprentices and has a pool of some 45 trusted and reliable sub-contractors (individuals and small companies) whom it utilises as and when required.
Support and Training:
The current owners would be happy to provide full training and support at handover. They would also be happy to stay on within the business for an agreed period, subject to negotiation should a new owner so require.
Reason for Sale:
The vendors believes they have taken the business a far as their own capabilities allow. The business is primed for future growth and would benefit from a new injection of business acumen and infrastructure to support ongoing prosperity. | | | | | | FOR SALE | | | | | REFERENCE: | GF044 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
