Long established cosmetic repair business within the property sector

Exciting opportunity to purchase a long-established cosmetic repair business within the property sector. Commercial and domestic work undertaken. Fully staffed business with highly skilled staff. Strong income levels with impressive levels of EBITDA. Ideal opportunity for larger operator wishing to expand by acquisition. Retirement sale after 17 years of ownership.*Company vehicles and freehold office available by separate negotiation.

Plas Med Fife Ltd, The Office, Pit Road, Cowdenbeath, Fife, KY4 9NN. Scotland.

Scottish Business Centre is delighted to bring to the market for sale, the well-established Plas Med Fife Ltd. The company which was set up by our clients back in 2004 is a specialist firm that offers costs effective interior & exterior cosmetic repair solutions for both residential & commercial properties. Sometimes better known within the commercial property sector as “plastic surgeons” the business operates with a group of highly skilled & experienced technicians, that utilise and operate a range of high-quality fillers, waxes and coatings in their finishing techniques to mend almost all surfaces that are damaged.

Set up by our client over 17 years ago, the business has steadily grown from strength to strength and currently employs around 8 full time staff members. By building up a solid reputation for quality of service and reliability along with close attention being paid to detail, Plas Med Fife Ltd has become one of the go to firms within the sector for cosmetic property repair solutions.

Originally offering services to the domestic market, over the years the company has gained a strong client base within areas such as commercial property owners, developers and commercial landlords who appreciate that our client’s firm have the experience and know how to fix most cosmetic defects or damage within the property market.

Operating from freehold offices in the heart of Cowdenbeath, only a short walk from the rail station, over the years much of the business has been generated in the Fife area. However, the company also offer their services throughout Edinburgh and the central belt. With the property market (sales & commercial letting) opening up further to the recent challenges of Covid-19 and with the various lockdowns, new owners of the business may wish to look to increase the already impressive trading levels by embarking on a targeted marketing campaign to offer the company services to new markets.

Potentially targeting various firms within the property development, house building and commercial lets sectors, new owners would be in a unique position to capitalise on the demand for interior & exterior cosmetic repair solutions. As the company operates with an experienced team of technicians, our client has developed the business in such a way that the business can react quickly to incoming enquiries and are flexible enough to offer their services to a wide customer base. By being so capable and with having the highly skilled team on board, the business is perfectly set for a larger firm to capitalise on the hard work and effort put in by the vendor of Plas Med Fife Ltd.

With the many operational systems that are in place plus with the level of knowledge that will be retained within the core group of staff, a new operator could either view the business as a high quality “bolt on” to possibly a larger firm, or potentially as an investment vehicle for an entrepreneurial individual who can see the growth potential of the business. It should be noted that our client is willing to offer a hand over period to allow for smooth transition from the current owner to the purchasing party. The business is now being offered for sale due our clients wish to retire.

THE PREMISE

The Business operates from converted offices on Pit Road, Cowdenbeath. The detached property is housed over ground floor and offers office space, storage plus ladies and gents W.C. Please note: The office is available for sale at market value at the point of sale of the trading limited company.

An asking price of £199,950 is invited for the business with goodwill, equipment, and trade contents but excluding personal items. *The freehold office and vehicles are available at market value by separate negotiation.
Stock at valuation.