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Established Roofing Contractor Business in City of London For Sale - Healthy Profits, Room for Growth

City of London, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    01/09/23

  • Advert ID

    518979

  • Reference

    B07432 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Roofing Contractors

Business
Please quote reference Number B07432

Established in 2015, the company started as a family business, quickly progressing to its current stage as reputable roofing contractor company.

They cover key areas of roofing, including structural waterproofing, built-up felt roofing, slated/tiled roofs, brown and green roofing, as well as various installation packages.

The business currently accepts projects in London and within 5 miles outside the city area. However, as the demand of roofing services increases, they are experiencing higher profits and higher profile cases.

Over the years, the business has expanded considerably and is now in a unique position to become a leading player in the industry, with brand new and renewed contracts in 2023 to bring a new stream of income.

The business has several capabilities and assets to stand out from its competitors and attract the prospective purchaser, including: 

  • A solid reputation, with a fruitful trading history.
  • A healthy financial profile, in excess of £1.4m in 2023. The business foresees further growth in 2024 with the renewal of existing contracts putting the forecast for the coming year up to £3m. 
  • Excellent presence in the industry, with repeat business from trusted customers.
  • Experienced and skilled staff in place.
  • Strong professional relationships with subcontractors.
  • Strategically located to cover London and the Greater London area.
  • A varied portfolio of roofing services.
Highlights

  • Excellent trading reputation.
  • Opportunity to expand and grow portfolio.
  • Prime location for expansion.
  • Steady return custom and regular assignments.
Opportunities

  • Expanding geographical scope.
  • Extending portfolio offer.


Location
London and Greater London



Premises
Operating out of premises strategically located to cover London and the Greater London area.



Tenure
We are advised the premises are freehold.



Hours
The business trades all year round.



Staff
We are advised that the business has an experienced team in place.



Financial Profile
YE23 Turnover IRO £1.4m

  • 100% share capital.
  • Interested parties will be required to sign an NDA.


Read more

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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