FOR SALE
07/09/23
599075
GO2024 / Rightbiz
Business Information Memorandum
North West based construction business.
Executive Summary
Established in 2020, has been serving the construction needs of the North West UK region with their experienced team of over 20 years experience. With a focus on large residential and small-mid size commercial projects, the company has built a reputation for quality craftsmanship and timely delivery.
Business Overview
Location: North West, UK.
Premises: A modern office located in the North West
History: Established in 2020 by our client an experience construction professional.
Products and Services
Residential Construction:
Our client caters for large scale home extensions and property refurbishments, new homes, and apartments buildings. No job is too big for the company as they have a multitude of experienced staff and external likes with architects providing ongoing referral opportunities.
Commercial Construction:
Office buildings, retail spaces, warehouse constructions and full office refurb/fit out on any scale, however the business has found its niche with the small to mid-size market, which is where the business has found its niche with the commercial side accounting for approximately 80% of the annual revenue.
Project Management:
End-to-end management of construction projects with a directly employed team and a pool of subcontracted workers established over a 20-year period.
Market Overview
Target Market:
Homeowners, local businesses, and property developers in the North West region. The business works with some commercial customers on an ongoing basis including housing trusts, architects, and HMO operators.
Market Trends:
A growing demand for sustainable and energy-efficient constructions, with a shortage of skilled trades this sector has many opportunities.
Competitive Landscape:
There are a range of local competitors, but few with a full-service offering like this business.
Operations
Employment
Total Employees: 6
Qualifications: Multiple team members with advanced certifications and over 20 years of industry experience.
Marketing:
The business enjoys a constant stream of referrals from external working partners such as architects, in addition to have commercial customers bringing in repeat business such as HMO operators, Serviced Office operators and housing trusts.
Technology: Utilizes modern construction management software and works with external partners to produce detailed drawings and renderings alongside quotes produced.
Opportunities
Strengths: Reputation in the region, experienced staff, diversified service offering and ongoing relationships with residential and commercial customers providing repeat trade.
Geography: Expansion into neighbouring regions, embracing more sustainable construction methods. Working with national commercial customers to aid expansion and geographical reach.
Expand Services: Increase range of services on offer to include an in-house design team.
New Homes: The business has an experienced team of trades and would make an ideal business to expand into the new homes sector.
Marketing: The business does not require any specific marketing as they enjoy continuous referrals, however with the addition of digital marketing the business could easily expand its revenue by developing their residential and commercial customer base using social media, PPC and local press.
Reason for Sale and Terms of Sale
Our client has been working in this industry for over 20 years and is now looking to pursue other interests. Our client is seeking a 100% share sale of the business with a handover period to be agreed upon.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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