Domestic And Commercial Plumbing & Heating Contractor | | Undisclosed East Sussex | | Domestic and commercial plumbing & heating contractor Confidentially offered for sale Ref: GD056 Location: East Sussex Asking price: £150,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 8599
ADVERT IMPRESSIONS : 29,313 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £150,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Formed by the current owner, this business was established in 1983 and not surprisingly with twenty five years of successful operation has developed a loyal, wide ranging Client base. Working primarily within Sussex, Surrey and parts of Kent, this is a second to none one-stop solution for plumbing and heating services. Comfortable with both plumbing and gas works – with CORGI registered staff, this business covers the full scope of works, from replacing a tap washer right through to a complete fit out of a house, factory or office block.
Having originally established itself within the domestic arena, the turnover of this business is now roughly split two thirds domestic and one third, commercial or corporate work. It has a regular book of service, maintenance, remedial and refurbishment works involving a number of nursing homes as well as office blocks and factories working on behalf of several firm of national managing agents. This business also works within its catchment area as a service agent on ‘in guarantee work’ for certain equipment manufacturers.
This business has a well-established reputation within the local area for honesty, reliability and integrity. It is a very conscientious organisation providing an excellent, prompt, quality service at very competitive rates. As a result a very large proportion, thought to be in the region of 70% - of work arises from excellent referrals and recommendations from satisfied Clients – clear testament to the standard of work and reliability of the business.
Showing a consistent level of performance throughout its many years of operation, the turnover of this business was approximately £300,000 for the financial year ending in September 2007, generating gross profits of approximately 67%. As such it represents an excellent opportunity for a new entrant in the marketplace to acquire a very well established business or alternatively for an existing operator to add considerable turnover and profitability to its own operation.
Key strengths:
This is a very well established business with a very broad spectrum of Clients throughout the domestic and commercial sectors offering a broad range of services. Every aspect of the business is based around providing a high level of personal service and customer satisfaction. Such are the high levels of customer satisfaction this business enjoys, it is frequently appointed as the service and maintenance resource as a result of its installation work.
This business prides itself on its excellent reputation and does everything required to maintain it. Every job, whatever the size is treated in exactly the same way and from the very start of the job, nothing is overlooked. This business also appreciates the impact the carrying out of its work can have on the lives and businesses of its Clients and does whatever it can to minimise disruption and complete the job as quickly and efficiently as possible. It has a team of very highly qualified, knowledgeable and loyal staff.
This business has excellent long standing relationships with its customer base and has grown primarily by doing excellent work – from which additional projects have resulted.
Key Opportunities:
There is great scope and opportunity to develop and expand this operation. A new owner with fresh ideas, drive and enthusiasm, but perhaps above all, additional resources, will have every advantage of building on an excellent platform.
Currently working at or very near to capacity with the manpower resources currently available within the company, the business frequently has to turn work away. With additional resources not only could this work be absorbed, a new Owner could also be able to leverage the excellent reputation this business has built up within its local marketplace to expand its operations into the rented accommodation sector for example, where it is thought significant opportunities exist in with local Landlords and the student accommodation sector in particular.
Quality Assurance:
The current proprietor is CORGI registered and a member of the Institute of Plumbing & Heating Engineers. The business is registered under the Safe Contractor Scheme.
Premises:
The business operates from a small office/administrative base in a secondary retail position amongst a small parade of shop. The business also has a storeroom/look up just a few yards away plus a small yard for storage with space for a skip for rubbish. There is also car parking on-site.
The premises are leasehold with three years remaining on the lease. Rent is £6,000 per annum. Rates are approximately £600 per annum.
Management and Staff:
The owner of the business is responsible for the day-to-day management of the business supported by a Contracts Supervisor, an office administrator and three engineers with varying levels of qualification. It is perhaps unusual in modern times in that it trains its own apprentices. The business also calls upon a number of sub contract staff, as required, all of whom work for this business on a virtually exclusive basis.
Plant and equipment:
This company has all the plant and equipment expected of a business operating in this sector together with an amount of stock enabling immediate response to emergencies. Any specialist machinery required for a particular job is hired in specifically and is delivered to and collected from site.
Advertising and Marketing:
This business spends very little on advertising, appearing in the local Yellow Pages. All of its transport is sign-written, helping maintain high levels of awareness throughout its areas of operation.
Financial information:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The Asking Price is based on a sale of the shares in the business.
Turnover for the financial year ending August 2006 is projected to reach £400,000.
Full financial information will be available from the Vendor following the completion of the usual formalities.
Reason for Sale:
Having been involved in plumbing and heating since school and built this business up to its current scale, the owner is considering the possibilities of pursuing other business interests.
Support and Training:
The owner will assist fully with hand-over and training to ensure a smooth transfer of the business, even to the extent of considering an on-going part-time role within the new Owner’s organization, if appropriate and subject to negotiation | | | | | | FOR SALE | | | | | REFERENCE: | GD056 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
