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Plumbing and Heating Company Swansea, South Wales

Undisclosed, Undisclosed
Asking Price:
£225,000
Status
FOR SALE
Advert ID
245317
Reference
GD054 / Rightbiz

Plumbing and Heating Company

Ref. GD054

Location : Swansea, South Wales

Asking Price : £225,000

This Corgi Registered business was established by the vendor in 1978 and became a Ltd company in 2000. Operating from a home based office it has established an enviable reputation for high quality workmanship, trustworthy and professional staff, and honest trading. As such it has built up a client bank of private and commercial customers within a thirty mile radius of its location.

It carries out any work from a simple tap washer for a private client to a full fit for new build homes. It has excellent relationships with two local authorities who provide a consistant supply of pre priced work and has long standing maintenance agreements with four local nursing homes.

Key Strengths:

Low overheads

Relocatable

Well established

Profitable

Minimal Borrowings

Loyal staff

Growth and Expansion:

This business has been managed to a size suitable for the director’s own requirements. It is constantly turning away business and could easily increase its volume turnover by taking on more staff to cope with the demand. The business has been approached by additional Local Authorities to handle some of their work but has chosen to contain its operations. The addition of an employee to handle enquiries and a couple of extra plumbers would allow the business to grow quite quickly. It is noteworthy to mention that this company has never had to advertise its services.

Financial profile:

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.

The company has a turnover in the region £375,000 with adjusted pre tax profits in the region of £65,000. The balance sheet is sound.

Listing Details
Asking Price: £225,000
Tenure: Other
Location: Undisclosed, Undisclosed
Sector: Plumbing And Heating Businesses, Construction Businesses, Home & Garden
Financials
Annual Turnover: £375,000
Annual Net Profit: Available upon request
Key Features
  • Attractive Business
  • Established Business
  • Company for Sale
  • Retirement Sale
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: GD054 / Rightbiz
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