Plumbing And Heating Company With Substantial Customer Base | | Undisclosed London | | NORTH LONDON - RELOCATABLE PLUMBING & HEATING BUSINESS WITH SUBSTANTIAL CUSTOMER BASE Domestic c/m base of circa 3,000 with 200 maintenance contracts 2 sign written vans & tools included A/T: £190,000 GP: 68% Excellent reputation with considerable scope to expand BUSINESS ONLY: £49,950 REF: 1200N | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68921
ADVERT IMPRESSIONS : 11,614 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Plumbing / Heating | | SALE: | Agent Sale | ASKING PRICE: | £49,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Fully re-locatable business with customers within a sensible radius of London N15
• Ideally positioned to allow additional customer and staff recruitment within north London
• Within easy striking distance of a range of potentially lucrative customers
• Densely populated urban location
HISTORY
• Established by vendor in 1973 as an independent plumbing and heating contractor serving customer base throughout north London
• Business grown through word of mouth and referrals with excellent local reputation
• Well known local name with up to 25 engineers in the past
• Website introduced with considerable focus on search engine optimisation and quality lead generation
• Full Gas Safe accreditation
• Very much run as a family business
REASON FOR SALE
• Retirement
SERVICES
• Gas boiler and central heating systems
o Installations
o Servicing
o Repairs
o Power flushing
o Safety certificates
• Wide range of plumbing related services
• Contract maintenance work undertaken
• 24 hour emergency call out number
CUSTOMERS
• 100% domestic customer base
• Servicing customers throughout North and North West London, Enfield, Barnet and Hemel Hempstead
• Approximately 3,000 customers on the books with excellent records maintained
• 200 customers under annual maintenance contracts
• Website attracts additional interest
• Exceptionally high repeat rate maintained
SUPPLIERS
• Consumables sourced from range of trade outlets
• Accounts with main manufacturers
STAFF
• Vendor
• 2 qualified heating engineers employed within the business
• Part time administrative support from various family members
TRADING HOURS
• Office hours Monday to Friday 9am to 6pm
• 24 hour emergency number
FINANCIALS
Turnover
2010 £190,199
2009 £197,321
• Overall gross margin 68%
• Excellent level of adjusted net profit for working owner or family
• Stock holding minimal
OVERHEADS
• Minimal overheads as business run from home
PREMISES AND EQUIPMENT
• Currently run from office at home
• 2 sign written vans included within consideration price
• Quantity of sundry tooling and equipment
TENURE
• Currently run from home
• Fully re-locatable within North London
STRENGTHS
• Well established
• Excellent reputation locally
• Large and diverse quality repeat customer base
• Good quality record keeping
• Location ensures potential access to large number of new clients
• Vehicle included within consideration price
• Buyer will benefit from search engine optimisation work and referrals from a range of trade based websites
• Strong financial performance with good consistent level of profit
SCOPE
• Business development activity to attract additional customers
• Expansion of customer base beyond existing geographical boundaries
• Employment of additional heating engineers
• Oil fired central heating work
• Focus on additional commercial contracts
• Ideal to be run as a family business
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). | | | | | | FOR SALE | | | | | REFERENCE: | 1200N / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
