| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 13,538 TIME(S)
BUSINESS REFERENCE : ET012 / RightBiz REINFORCED CONCRETE COMPANY | | | | | | Reinforced Concrete Company Confidentially offered for sale Ref No: ET012 Location: Avon Asking Price: £550,000 | | | BUSINESS LOCATION: | Undisclosed Avon UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £550000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The company was formed by the Managing Director in 2000 and was based on a lifetaimes experience of operating in the same market. A reputation for efficiency and sound financial management has seen the company develop to its present secure position with a strong forward order book and more work available than it can handle.
The business specialises in building reinforced concrete structures for a broad range of large Nationally known companies. It has a small team of permaneant employees supported by a large number of self emplyed staff who are available on demand.
The vast majority of the work they carry out is done within a fifty mile radius of their site and an average contract would generate approximately between five hundred and seven hundred andfifty thousand pounds worth of revenue. The business is presently carrying out contracts to the value of two million pounds.
Equipment:
Two Transit Flat Beds
Two Transit Vans
One Fiesta Van
One Renault Van
One Car
A large amount of scaffolding, acro props, ply board and electrical equipment.
Customer Service:
The business is a preferred supplier to a large number of nationally known building companies, civil engineering companies, motorway maintenance businesses and utilities authorities. These relationships have all been won and maintained due to the reliable, flexible and professional service the company is known for.
Key Strengths:
Financially sound
No Borrowings
Profitable
Low Overheads
Reputable and Respected
Growth and Expansion:
The business is turning away business every day. There is more work available than it can presently cope with and a larger management team would be able to take advantage of this situation.
Employees:
One Managing Director
One Company Secretary
One Office Manager
One Contracts Manager
One Driver
One Carpenter
@ Sixty Self Employed carpenters and concrete gang
Advertising and Marketing:
The business does have its own web site but does not carry out any consistent marketing activity. The effective use of mailshots to the domestic and commercial sector would be beneficial.
Premises:
The company rents a small office of circa two hundred square feet which is based in a factory unit. The annual rental is £3500.
There is also a storage unit for equipment on a local farm.
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. In the last financial year the business enjoyed a turnover of around £1,400,000. Average profit before tax over the last two years is in the region of £138,000. The balance sheet is healthy and there are no borrowings.
Reason for Sale:
The managing director wishes to retire and to see the business he founded continue to flourish in the hands of a new owner
Support and Training
There will be a full and professional handover for a period to be agreed as part of the overall negotiations | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | ET012 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
