Nationwide Signage & Festive Display Contractor Design Manufacture And Installation | | Undisclosed Essex | | Nationwide Signage & Festive Display Contractor Design, Manufacture and Installation Ref.CA076 Location Northern England & Essex Asking Price £450,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58598
ADVERT IMPRESSIONS : 11,601 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £625000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is an excellent opportunity to aquire one of the UK’s fastest growing and successful national retail and commercial signage contractors, a trade marked and well regognised brand, who have a secondary income stream from Christmas decoration hire & installation. Both parts of the busines complement each other and work easily side by side with a number of complimentary similarities.
The signage contractor prides itself on being a one stop shop for their customers. They design, manufacture and install a wide range of signage varying in size from internal point of sale, estate signs, illuminated signs exhibition stands and fleet vehicle graphics. The company have successfully completed projects in over 150 towns and cities throughout the UK and are continuing to expand their database of customers, some of which are “Blue Chip”. Much of the growth in the past few years has come from corporate sales and this is an area which continues to flourish.
The Christmas decoration hire is high margin work with the company providing corporate customers, shopping centres and hotels with all of their requirements for the festive season both indoors and outdoors. The decorations include varying sizes of artificially decorated trees, wreaths & atrium schemes, which can be assembled in corporate colours, animals including polar bears and reindeers and other display material and lighting. The company owns wide inventory of christmas decorations which are included in the asset register.
This national company has two bases, one in the North of England and a second in Essex. They also have a small fleet of vans which are fully kitted out as “mobile sign making units” equipped with computer and sign manufacturing plotters, ladders and tools etc. allowing them to manufacture a wide range of signs on site.
The company runs with a good management infrastructure in place allowing it to run smoothly even without the owners present. They are an approved contractor by SAFE contractor ( including any sub-contracted work), PASMA, IPAF and are members of BSGA, and committed to CSCS scheme. They are a competitive supplier, profitable and have no bad debt with double digit growth forecast for the current year.
Key Strengths:
• Well established with trade marked brand and reputation – 8 years
• One of the UK’s fastest growing signage and display companies
• Year on year turnover/profits growth
• Dual income stream
• Blue chip customer database
• National coverage
• Team of skilled and knowledgeable staff
• Wide inventory of wholly owned Christmas decorations
• Further room for expansion
Growth and Expansion and Opportunities:
The company have been very active in tendering for new business, and widening their offering during a period which has seen many other companies in their sector struggling. This has helped the company to not only maintain their turnover and profits but to increase during the recession. This years forecast is for double digit growth is on target, and plans are already being made to continue the success over the coming years.
The main increase in jobs has been in the corporate sector, the company has widened its offering into estates management and facilities to gain loyal blue chip clients. This has been the target for the past few years. The company have other areas which they could expand, including the provision of further maintenance work, facilities management and shop fitting, together with expansion by employing their own installation team rather than having to sub-contract this work out.
The company has also been offered a major sign and brand maintenance contract, the negations for which are due to begin in the spring with both UK and international potential from an existing client looking to remove some of its less used suppliers. The contractor being the client’s primary choice currently servicing all of its signage and branding needs.
Equipment:
All of the vehicles, machinery, equipment, computers and software is included in the sale price of the business; A full asset register is available to genuinely interested parties.
Premises:
The company runs from two leasehold units, one in the North of England and the other in Essex. The northern base acts as the head office with two adjoining industrial units which are used for print, production, offices and storage. The two units measure circa 2,900 square feet and circa 3,100 square feet respectively. The rental for each unit is circa £15,000 per annum.
The Essex base is a small secure industrial estate with a unit measuring circa 1,600 square feet, and is used for production, storage and office. The rental is circa £14,000 per annum.
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.
The business has a turnover of circa £800,000 per annum with net pre tax profits exceeding £100,000 per annum, shareholders funds are circa £100,000.
Employees:
As well as the owner who runs the business on a daily basis there are eleven other full time employees including two branch managers, three production staff, a display division manager, two display staff and two administration clerks. The company has a team of circa fifteen temporary & seasonal production staff as and when needed and they work with circa ten sub-contract installation workers who have been working with the company for a number of years.
Support and Training:
The vendor would be happy to help with a smooth transfer of the business in any way possible.
Reason for Sale:
After years of working in the industry the owner has decided to pursue other opportunities and believes this would be a perfect time for new owners to take the business to a new level. | | | | | | FOR SALE | | | | | REFERENCE: | CA076 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
