Domestic Roofing Contractor Roof Repairs & Replacement in London and the South East

Domestic Roofing Contractor

Roof Repairs & Replacement in London and the South East

Location: Essex

Asking price: £80,000 net assets

Business highlights include:

TURNOVER: c£106,000 (2024 accounts)

GROSS PROFIT: c£77,000

EBITDA: c£40,000 Before Director’s drawings

NET ASSETS c£12,000

Key Considerations:

·         Highly reputable company based in Essex and serving all of London and the Home Counties

·         Long term relationships with local authorities

·         Widely known for prompt and caring customer service

·         Skilled, experienced and well-trained team

·         Quality and immediacy of communications

·         High levels of customer satisfaction and loyalty

·         More than 30 years successful trading

Business Profile:

The opportunity exists to acquire by way of a share purchase all of the issued capital in this successful roofing contractor (“the Business”).

In the London region the Business has become one of the most successful and respected roofing contractor companies for its domestic customers. The Business is a trusted and much relied upon company and is considered a leader in the region. It has built its name on superior customer service, highly skilled staff, top quality project delivery, and unwavering reliability, and all with little marketing or direct sales but with an attractive and informative website that details well the business’ services and pedigree.

The business has been established for over 30 years in the roofing industry, and has built its excellent reputation on good quality workmanship combined with a professional & friendly approach ensuring safety from start to finish of any project.

The business recommends the use of high quality materials from its trustworthy supplier base throughout London, Essex and the South East of England and offers emergency repair, install and full re-roofing services. All work is covered by the business’ own guarantee scheme.

In short this is a one-stop-shop for all roofing repairs, Maintenance and new roof replacements in London and Surrounding Areas

Accreditations:

The business considers Health and Safety as a key priority and all tradesman hold either a Site operative badge, working at height pass or CSCS cards, they are also committed to the Safe Contractor task and federation of roofing scheme. The business holds a full public and employer's liability insurance up to £10 million and carries out full site risk assessments followed by a comprehensive method statement.

The business is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business’ activities both geographically and in the scope of services.

The Business has shown itself to be robust during some trying economic times and is well placed to take advantage of its reputation for products & service combined with increasing levels of demand.

It is felt that the demand for new projects is challenging the resources of the Business and the sale of the Business to new owners with the capacity & managerial capability to cope with the demands of growth would yield much benefit.

Services:

The business provides the following services:

• What Skylight Roofing Offers
• Fascia's, Soffits & Gutters
• Tiling & Slating for Roofs
• Lead Welding for Roofs
• Asphalts & Flat Roofs
• Roof Repairs & Maintenance
• Roof Insulation
• Chimney Repairs
• Solar Panel installation
• Insurance Work

Key Opportunities:

This is an outstanding opportunity to build on the existing products, services and customer base of this well established company. With strong demand & profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas, investment and energy levels will have every advantage of building on an excellent platform to take this business to its next level.

The business maintains many satisfied customers, who appreciate the company's superior products and skill sets, attention to detail, value for money and service.

There are many excellent avenues for growth within the current operations and include greater capacity by investment in plant and extending new business further along the M11 corridor.

Employees:

The Business employs 10x roofers who along with the vendor manage day to day business. Tradesmen are well experienced and accustomed to managing projects, which has become a vital part of the overall success of the business.

Premises:

The Business operates from modern premises with administrative facilities & storage located in a busy commercial estate near to main trunk roads and motorways such as the A127, A12, M25, M2 & M11 providing easy access to all London areas and the wider south east regions of England.

Reason for Sale:

The current owner feels that the demand for new work placed upon the Business highlights the requirement for a new owner with the resources to take full advantage of the opportunity and is also keen to retire.

The current owner would be available for a handover period by agreement.

Financial Information:

TURNOVER: c£106,000 (2024 accounts)

GROSS PROFIT: c£77,000

EBITDA: c£40,000 Before Director’s drawings

NET ASSETS c£12,000

The asking price is predicated on there being no cash and no debt at completion.

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.

Asking Price:

The Vendors are seeking offers for 100% of the issued capital of the company in the region of £80,000 assuming net assets of £12,000 on completion. There will be a £ for £ adjustment to the final sale price to reflect any movement away from the £12,000 net asset position.