Domestic and Commercial Plumbing Business
A very well established family business
Location : Kent Coastal Town
Asking Price : £112,500
Turner Butler has been appointed to invite offers of purchase for 100% of the issued share capital of a well-established domestic and commercial plumbing business. It has very loyal and long standing customers.
The business was first established in 2004. It`s continued historical growth came from word of mouth recommendations. This business boasts strong customer retention with many customers dating back as far as ten years or more.
The company always provides prompt and reliable job completion. They offer a 24-hour emergency call out service. Their long term client retention level is excellent.
A very well established and trusted business. The plumber who will continue working with the new company owner is very much a company asset. His presence will give continuity to the customers and help the new owner to settle in. He currently services in excess of 60% of all manual work.
The asking price of £112,500 is for a sale of 100% of the issued share capital of the company. All financial discussions will take place between the vendor and all interested parties under the auspices of Turner Butler.
Turnover c. £126,000
Gross profit c. 39.4%
Vehicle and equipment c. £19,000
Adjusted net profit c. £30,000
Advertising and Marketing:
The company currently has a very minimal marketing spend. Their web site is presently being updated and could easily be optimised via pay per click to attract further new business.
Growth and Expansion:
The current owner believes that the opportunity is there to further expand this business. One way would be by adding gas safety work to the portfolio of services. Existing customers often enquire about this.
The admin and day to day running of the company is based in a home office. This function of the company is fully relocatable.
The business currently employs one full time plumber plus the current owner.
Support and Training:
The current owner would be happy to provide full support at handover.
Reason for Sale:
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
Looking for finance ?
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at email@example.com
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