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Tuesday 26th of Sep 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£49,000

Domestic Light Commercial Plumbing & Heating Engineering Business Gas Safe Registered Premium Advert

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Further Details
ReferenceBFS3938 / RightBiz
Status
FOR SALE
Advert ID200725
LocationUndisclosed, Lancashire
SectorHome & Garden, Miscellaneous Businesses, Plumbing And Heating Businesses
Leasehold Price£49,000
Annual Turnover£309,000
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Key Features
  • Prime Location
  • High Turnover
  • Attractive Business
  • Unique Business
  • Company for Sale
Domestic/Light Commercial Plumbing & Heating Engineering Business GAS SAFE REGISTERED
Ref.BFS3938
Location Lancashire, England, United Kingdom
Asking Price £49,000
Turnover £309,000
Gross profit £94,000
Total Assets £14,500
Premises Leasehold

About the Company
This well managed business was set up by the current vendor some 14 years ago and has established itself as a highly reputable and trustworthy business providing a combination of services to the domestic and light commercial markets in the region it serves. The business is fully certified to carry out works on water mains and has gas safe accreditation so is able to provide a complete turnkey solution to its clients providing a comprehensive range of plumbing and heating services. The company provides services to both the domestic and commercial markets and as such has a broad and diverse client base. . Typical clients include insurance companies, , house-builders, private businesses and private individuals.and the business operates locally and nationally The majority of its work is now commercial but it also does domestic and a lot of this work is insurance driven. The business has also worked on new build dwellings on a commercial basis as well as hotels, bakeries and other private businesses. The business enjoys very high levels of repeat business and has a loyal customer base due to the quality of its customer service. Long serving staff are employed who are highly knowledgeable and experienced.
This business is well equipped and has a good level of plant and equipment that allows it to carry out its duties including two company vans. It also utilises Sage accounting software to help run the business. Tangible assets are circa £14,500 and included within the asking price. Quality Assurance /Customer Service: As a Gas Safe registered company this business provides high quality work that meets all the necessary health and safety standards. It has a very good safety records and its customers enjoy superb levels of services. This is reflected in the high number of referrals the business enjoys. The business is also a member of The Guild of Master Craftsmen. Business Hours: Monday – Friday: 0900-1700. Offers emergency call out service to some clients.


Competition/Market
Existing customers are the best advertisement for the business with word of mouth recommendations consistently generating new work. The business undertakes no advertising or marketing such is the consistent levels of business it enjoys. A new owner could certainly increase this to help grow the business.

Support & Training
The current owner would be happy to provide a comprehensive handover.

Reason for Sale
Genuine retirement sale.

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 This company. The business achieved turnover of circa £309,000 p.a. last financial year with gross profits circa £94,000 p.a.. The business has a good level of plant and equipment included within the sales price. Net Assets circa £14,500. Please note the current asking price excludes cash at bank and is on a cash free debt free basis.

Premises
The business operated from rented premises. It could easily be relocated if need be. The business is based on an old industrial estate and has circa 2000 square feet of space including offices, kitchen, toilets and stores. Rent and rates are circa £2,600 per annum.

Employee Strength
The vendor works full time in the business as does his wife (administrative duties). The business also employs one full time plumber (WIAPS approved(Water Industry Approved Plumbers Scheme)- he is past retirement age but has a wealth of experience and knowledge) as well as a part time administrator (one day a week). In addition to this the business also utilises the services of another two self- employed plumber on a regular basis. All staff have been with the business for several years and are hardworking, trustworthy and suitably skilled.
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