Profitable Plumbing And Heating Engineers With Homefront Contract | | Undisclosed Buckinghamshire | | BUCKINGHAMSHIRE PLUMBING AND HEATING CONTRACTOR WITH LUCRATIVE WARMFRONT CONTRACT TO 2013 Established 10 years Mixed commercial/domestic customer base Turnover 2010 £967,000 (2011 Projection £1.3M) EBITDA averaging £140,000 per annum over last 5 years EBITDA projection 2011 £165,000 Leasehold £975,000 + SAV REF: 9895 MK | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57716
ADVERT IMPRESSIONS : 12,369 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Plumbing / Heating | | SALE: | Agent Sale | LEASEHOLD: | £975000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | BUCKINGHAMSHIRE
PLUMBING AND HEATING CONTRACTOR WITH MIXED COMMERCIAL/DOMESTIC CUSTOMER BASE AND WITH LUCRATIVE WARMFRONT CONTRACT TO 2013
Established 10 years
Turnover 2010 £967,000 (2011 Projection £1.3M)
EBITDA averaging £140,000 per annum over last 5 years
EBITDA projection 2011 £165,000
Leasehold £975,000 + SAV
REF: 9895MK
BUSINESS SUMMARY
This consistently profitable company has developed an excellent reputation within the domestic and commercial market for plumbing and heating services. Trading from a base in Milton Keynes, Buckinghamshire, customers are generally located within a radius of 20 miles. The domestic/commercial split approximately 50%/50%. In addition, the company also services a number of ongoing contracts with letting agencies, builders and the local council. During the last 10 years the range of services offered has expanded steadily, and in addition to the core services, now includes bathrooms, solar energy, under floor heating, ground and air source heating along with growing expertise in the renewable energy arena. Full warranties are offered along with a 24 hour call out service. Our client is a registered installer under the Warmfront 300 scheme. All appropriate accreditations are held.
Our client has been trading successfully for over a decade. During this period, the business has grown significantly and will break the £1M turnover threshold in 2011. The company has been consistently profitable, with EBITDA averaging over £140,000 annually for the last 5 years, with a projection of £165,000 in 2011. The customer base is sizeable, loyal and diverse. The business also benefits from stable, fully qualified staff, with a management hierarchy in place. In financial terms the company is very strong, with exciting projections going forward. Much work has been undertaken in relation to marketing, with an excellent website, and with high profile campaigns on Yell.com and 118 24/7.
Over the last 10 years our client has consolidated the company position as a strong, large, independent plumbing and heating contractor. Overall, the market place is set to grow, especially in relation to new initiatives such as solar energy and renewables. The housing stock within Milton Keynes is large, with many properties over 10 years old, requiring new installations as well as the routine maintenance work.
The company would be an ideal purchase for a similarly sized or larger corporate with good industry knowledge and an acquisitive growth strategy. Such a purchase would afford access to a mature repeat customer base, qualified staff, and solid financials. The business could also appeal to a company operating within the wider domestic or commercial maintenance sphere, seeking additional markets, customer contracts, and opportunities to cross sell an existing product or service.
SCOPE AND POTENTIAL
The central location of Buckinghamshire affords obvious opportunities to extend the existing geographical reach of the business. For the right buyer, such a move could increase revenue significantly, with the opportunity to capture economies of scale through reduced overhead.
Marketing work has been undertaken to a considerable degree, but there is room for additional focus in this area. In particular, it would be possible to re-launch the existing website. Further focus on the growing areas of solar power and renewable energy is possible. Additional attention to the bathroom side could also generate significant additional revenue. There is scope for bidding and tendering for larger contract work for a buyer with appropriate industry knowledge.
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DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9895MK / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
