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BUSINESS REFERENCE : GB071 / RightBiz SCAFFOLDING AND CONSTRUCTION SITE SECURITY SPECIALISTS | | | | | | Scaffolding and Construction Site Security Specialists Well established with comprehensive range of security installation and maintenance products & services Confidentially offered for sale Ref. no : GB071 Location: Middlesex Asking price £340,000 | | | BUSINESS LOCATION: | Undisclosed Middlesex UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SELLER: | Agent Sale | LEASEHOLD: | £340000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
This regionally renowned and highly popular business was founded in 1997 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 National reputation for the quality of its high quality customer experience, products, service and reliability.
This well respected and successful business, designs installs and maintains to a high standard a comprehensive range of SSAIB and insurance approved scaffold and construction site security systems.
The quality of workmanship, level of service and security experience is second to none and was recognized by the SSAIB in 1997 and became the first approved scaffold alarm company in the UK.
The business provides a guarantee to all customers that they will be the most cost effective professionally approved scaffold alarm company within the UK, setting the highest professional standards and levels of service nationwide.
The business is approved by SSAIB, BT Redcare, Dual Com, Vodafone, NASC, ISO 9001, CSCS, Constructionline, and Supply2Gov Schemes.
The business is recognised as one of the most technically accomplished of the specialist Scaffolding and Construction site security firms operating within the security industry. It has developed substantial in house expertise within its specialist field, and can provide the individually designed security system that matches most closely the needs of each client.
Being a relatively small company, the business is able, with its managed overheads, to uphold its belief that, properly designed, "effective" security should not be "expensive" security.
The Company operates from a prime and easily accessible location in Middlesex close to all local amenities and main road arteries and through its national network of highly qualified partner companies covers the whole country.
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 customer relationships nationally.
The business is further supported by exemplary relations with 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 final payment required on delivery or completion.
The business is an excellent opportunity for any purchaser seeking an opportunity to expand their current services with the benefit of a national customer base or perhaps an owner manager choosing to take advantage of this established business avoiding time consuming, costly and risky start-up conditions.
Customer Service
The business considers simply that happy customers don’t leave and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.
Key strengths
The business is an organisation where the vendor has, over time developed and nurtured a management team and reputation responsible for maintenance of goodwill, effectively, reducing the need for constant input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon any personal relationship with the vendor.
The business benefits from registration with SSAIB for the installation and maintenance of scaffolding and site security systems to the requirements of British Standards.
The business is well established, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.
The customer base consists for the most part of well known national commercial enterprises, enabling very stable cash-flow management with none of the contingent problems associated with contract projects.
The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality products and highly knowledgeable and experienced staff.
Growth and Expansion
The current market for this business’s products is stable with significant growth shown in the last two years 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.
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 marketing and turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with further investment in marketing including advertising and currently expanding internet opportunities, which is showing signs of driving considerable growth.
Competition
The vendor considers that despite profound competition in the marketplace, the business maintains a significant position.
Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient business.
Advertising and marketing
The business benefits from a comprehensive and attractive website and has used limited advertising in the past and there are excellent opportunities to increase this and to invest further in its internet presence to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Employees
The business employs:
3x Engineers
who together with the vendor are responsible for the day to day operations.
Reason for sale
The business is for sale as a result of the vendors’ wish to follow other areas of interest.
Premises
The business is currently managed from a home office.
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 low borrowings, low overheads, positive cash flow, good gross and net profit and has shown consistent growth over 10 years of trading in the vendors’ ownership.
Sales revenue is circa £280,000 per annum with circa £100,000 + net profit and the vendor feels that with investment in marketing and the expected increase in market demand the business could dramatically increase its revenues.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | GB071 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
