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CHIMNEY SWEEP STOVE INSTALLATION COMPANY SOUTHWEST CORNWALL THE OPPORTUNITY ETS Corporate are ple

Undisclosed, Relocatable
Asking Price:
£89,995
Status
FOR SALE
Advert ID
252028
Reference
13399 / Rightbiz

Location

 

The business is operated from home and is fully re-locatable. Extensive market research was carried out in the South West and Cornwall and the business was started because there were very few certified sweeps operating in the area. There is a good network of sub-contractors and local suppliers and there is little competition in the area.  

 

 

Reason For Sale

 

The Owners of this Chimney Sweeping and Stove Installation Companies are looking to sell to re-locate. Their property business requires more time which means they can’t invest enough time in the chimney business to take it further

 

Mission Statement

 

The Master Sweep’s mission is to provide expert, clean and reliable service along with the absolute best customer service in the South West. They use only professional chimney sweeps that are members of the Guild of Master Chimney Sweeps. Members have met strict criteria and follow the highest standards in the industry. Expert training, mentoring and ongoing education, along with the latest equipment and techniques, mean that The Master Sweep can always provide the most professional service available.

 

Business History

 

The Master Sweep was established as a sole trader in 2011 with one van and the Owner/Chimney Sweep.

 

In 2011 they won the award for the best new business with the Guild of Master Chimney Sweeps.

 

In 2013, Ideal Stoves, the Stove Installation company, and a sub-contractor were added.

 

In 2015, a sub-contractor was added to the business

 

In 2016, a second van and sweep were added along with a third sub-contractor.

 

 

Products And Services

 

 

The Chimney Sweeping provides 40-50% of the turnover. Included in the service are:

 

  • Creosote Removal Treatments
  • Carbon Monoxide Alarm supply and Fitting
  • Problem diagnosis and correction (fires smoking back into room etc.)
  • CCTV inspections and surveys
  • Stove and appliance servicing
  • Cowl and bird guard fitting

 

 

The stove installation provides 50-60% of the turnover. The services include:

 

  • Fireplace installation and repairs
  • Hearth supply and fitting
  • Repairing/replacement of flues and linings
  • Alteration
  • Stove installation
  • Chimney lining
  • External work to chimney stacks/pots

 

 

Sales And Marketing

 

 

The Services are aimed at anyone with a chimney or stove including or anyone looking for a new stove/fireplace etc.

 

  • Private individual customers (mainly)
  • Holiday letting Agencies
  • Estate agents and Long lets.
  • Commercial premises
  • Restaurants.
  • Landlords.

 

 

The main website is http://www.themastersweep.co.uk/. Referrals account for 90% of new business and 80% of the sweeping is repeat business.

 

Their Facebook page has 214 likes; https://en-gb.facebook.com/themastersweep/

 

They also have a YouTube channel (Sweep TV) with 337 subscribers and 350,000 views: https://www.youtube.com/channel/UCqoOS7vheZQXXHx75TtkS2w

 

 

 

What are the major strengths of the Business?

 

 

  • Excellent reputation
  • Strong brand and social media presence
  • Experienced sub-contractors
  • Growing and impressive client base
  • Qualified personnel
  • Established 8 years

 

 

What are the major weaknesses of the Business?

 

  • Owners lack of time to grow the business
  • Can’t keep up with the demand.

 

 

What opportunities are there for your company?

 

 

  • The business is growing daily with an ever-increasing client base.
  • The business could provide vans and subcontractors as the business is there.
  • Move further into North Cornwall Devon and beyond.
  • Sell/supply wood and fuels.
  • There is already a growing demand.
  • Franchise opportunities
  • Growth of Sweep TV and social media presence

 

 

What are the main threats to your Company?

 

  • No real threats. The quality of qualified service offered offers barriers to entry.

 

 

The Owners would be more than happy to offer any training and help with qualifications and courses if required. They are also happy to offer a consultancy period post sale should it be required. The Owner is registered with the Guild and HETAS and can also offer training.

 

 

 

Trading Hours

The business operates Monday to Friday from 9 am to 5 pm with out of hours email support.

 

 

Financial Details

The business operates from 2 Limited companies.

 

For the year May 2018 – April 2019, the turnover for Master Sweep (Cornwall) Ltd was £65,809 with a net profit of £18,001.

 

 

For the year August 2018 – July 2019, the turnover for Ideal Stoves Ltd was £83,069 with a net profit of £14,040.

 

Specialist equipment and 2 vans are sold with the business.

 

 

Tenure                                                       

The business is fully re-locatable and is presently operated from home.

 

 

 

Ref:    13399

Price: £89,995

 

 

 

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

 

 

Listing Details
Asking Price: £89,995
Tenure: Other
Location: Undisclosed, Relocatable
Sector: Fireplace Businesses
Financials
Annual Turnover: £150,000
Annual Net Profit: £32,000
Key Features
  • High Turnover
  • Company for Sale
  • Established Business
  • Accounts Available
  • Home Based
  • Small Business
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Advert Reference: 13399 / Rightbiz
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