Suspended Ceiling Contractor With Partioning Work Undertaken | | Undisclosed Norfolk | | NORFOLK SUSPENDED CEILING CONTRACTOR WITH PARTITIONING WORK UNDERTAKEN Very well established company installing suspended ceilings and partitioning Business benefits from long council lease with 41yrs remaining Good customer base with sub contracted work undertaken for various large building companies Plenty of room on site to expand A/T: £377,865 LONG L/H: £325,000 + SAV REF: 1266NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72397
ADVERT IMPRESSIONS : 8,225 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Builders | | SALE: | Agent Sale | LEASEHOLD: | £325000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Business trades from offices and yard located close to centre of large Norfolk conurbation
• Ideally positioned near to centre and with good road access to other parts of the county
• Ample secure storage on site
• Plenty of parking for both staff and visitors
HISTORY
• Business founded 35 years as a regional ceiling contractor
• Acquired by the vendor 14 years ago
• Good mix of commercial and public sector work
• Reliable base of sub contractors and building industry contracts
REASON FOR SALE
• Retirement
SERVICES
• Supply and installation of suspended ceilings and partitions to customer specification
• Over the counter sales for customer and DIY installations
• A source of advice and guidance to a broad base of customers
CUSTOMERS
• Sub contracted work undertaken for a number of sizeable regional and national building contractors
• Work undertaken in various public building especially schools following successful tender
STAFF
• Vendor
• Full time Office/Contracts Manager
• Full time driver
• Range of sub contractors used for actual installation work (3 currently)
PREMISES AND EQUIPMENT
Office/Warehouse
• Reception area
• 3 x offices
• Kitchen
• Ladies and Gents WCs
• Restroom
• Warehouse/Workshop facility with loading area
Separate Workshop/Office
• 2 x offices
• Large workshop area
Yard
• Yard with parking to front of office buildings and parking to rear
• Ample loading space
Equipment
• 3 vans included within consideration price
o 2005 VW
o 2002 Citroen
o 2006 Mercedes
Quantity of sundry tooling and equipment appropriate to trade
FINANCIALS
Turnover
2011 £377,865
2010 £438,875
2009 £518,236
2008 £779,375
• Gross profit margin typically 33%
• Stock holding £5,000
OVERHEADS
Staff £38,580 pa
Rates £5,327 pa
Ground Rent £4,600 pa
STRENGTHS
• Excellent reputation forged with local building trade over many years
• Splendid portfolio of work undertaken
• Consistent financial performance offering high earnings for the new owner
• Loyal, trained and capable workforce of sub contracted labour ensuring low overheads are maintained
• Security of long Council lease on the property
• Spacious facility
SCOPE
• Business development activity has been limited with most work being generated through referrals; business run at a pace to suit retiring director
• Web based marketing with introduction of website
• Introduction of additional services such as plumbing or electrical work
• Current site has plenty of office and workshop space for expansion if required
TENURE
• Long leasehold with 41 years remaining of a 75 year lease
• Ground rent £4,600 per annum
• Business rates payable £5,327 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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: | 1266NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
