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BUSINESS REFERENCE : CR104 / RightBiz COSMETIC REPAIR BUSINESS FOR THE NEW-BUILD RESIDENTIAL MARKET | | | | | | Cosmetic Repair Business for the New-Build Residential Market Confidentially offered for sale Ref No: CR104 Asking price: £225,000 Location: North West Area/Relocatable | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £225,000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
An opportunity has arisen to purchase a highly successful cosmetic repair business, servicing the new-build residential market.
Established in February 2005, the owner recognised that there was an excellent opportunity for a company to carry out cosmetic repairs to damaged caused during the build.
The company carries out cosmetic repairs to virtually any surface both inside and outside the home. These repairs are virtually invisible and the techniques that they employ ensure that the repairs are long lasting. By repairing rather than replacement, their clients save time and money.
The business has developed processes that enable the technicians to make an invisible repair to any item that is damaged in the home, including bathroom suites, kitchen worktops and cupboards, laminate floors, veneer doors, upvc windows and doors, grp, garage doors, white goods, stainless steel, ceramics, and stonework. There is nothing that cannot be repaired.
This is a highly profitable business which has a low overhead base. There are no borrowings with very little stock costs. They have a strong database of repeat blue chip clients and a regular forward order book. Turnover continues to increase, together with profits as the company’s name and reputation continues to grow.
Equipment
All the equipment required to carry out the work is included in the sale together with four liveried vehicles.
Customer Service
The company have a highly trained and skilled team of technicians who work to strict deadlines.
The company offers a two, four and eight hour rates to their customers and prices are set annually by the owners. These prices include material costs.
The developers contact the company towards the end of the build with a snagging list of damage to be rectified. The company has a regular monthly order book, but has the flexibility to carry out emergency repairs at short notice. The business has become a reliable and trusted partner with their clients.
Key Strengths
The name of the company is now well known within the building industry in the North West and has a highly regarded reputation for their excellent workmanship and reliability.
Clients include blue chip residential house/apartment builders, medium and small developers, companies involved in the insurance sector, maintenance companies and private clients.
Technicians undergo extensive training in every aspect of their work as the reputation of the company rests on the quality of each repair carried out. Techniques and processes are constantly updated to reflect shifts in the technology available to the company. All work is guaranteed.
Growth, Expansion & Opportunities
This is a unique opportunity to purchase a growing business with strong values and commitment to its mission. It is easy to run and is well structured, generating excellent profit margins with incredible growth potential.
Since inception, with very little direct marketing, workload has continued to increase and the business has grown by means of reputation and recommendations. There is an outstanding opportunity to build on their existing client base, a strong demand for the specialist service this company provides and to diversify into other sectors.
There is vast scope to obtain new business and with additional staff, an opportunity to increase turnover and profit.
The company operates mainly in the North West and North Wales area. There is huge potential to carry out this type of work on a larger scale, throughout the UK.
Employees
One Director is responsible for the daily running of the business including training, field management and quality control. The other Director manages the administration of the company. There are three technicians located throughout the North West, and an additional part-time office member.
Premises
Technicians are van-based. The Director’s run the company from a home office. The business is fully re-locatable.
Advertising and Marketing:
The company runs a website, the owners realise this would benefit from some updating as this could attract more enquiries. A company brochure is also produced, which is mailed out to new and prospective clients after their initial enquiry.
Most of the business comes from repeat work and word of mouth recommendation, but the Directors’ recognise that turnover could be significantly increased if a sales drive were to be implemented and additional staff employed.
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.
Turnover for 2007/8 with two technicians is circa £160,000, with an adjusted net profit of £105,000.
Reason for Sale:
The owner wishes to pursue other business opportunities and believes this is the right time for someone to take the business to the next level.
Support and Training
The owner would be happy to help with a smooth handover of the business for an agreed period of time | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CR104 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
