* Included in Asking Price
General builder - new build, extensions, renovations, refurbishment and maintenance with a particular presence in the schools and ecclesiastical sectors
Location East Sussex
Asking price includes:
Annual turnover in the region of £640,000
Gross profits in excess of £130,000
Pre-tax net operating profits of approximately £70,000
Assets conservatively valued in the region of £20,000
A trusted and respected reputation in the local marketplace
Substantial loyal public sector, domestic and commercial client base
Small maintenance projects right through to new build
Qualified and highly skilled sub contract workforce
Huge opportunities and expansion capabilities
A well-respected construction company, this business has established an excellent reputation within the local marketplace in which it operates, based upon nearly thirty years of successful trading. It carries out all manner of works within a twenty to twenty five mile radius of its base on the East Sussex coast including new build, extensions, renovations and refurbishments as well as smaller maintenance jobs which are taken care of by this business’s teams of highly skilled, sub contract tradesmen. As a Tier 1 Local Authority Approved contractor for two Authorities, the business works primarily in the schools and ecclesiastical sectors whilst winning more than its own fair share of domestic and commercial projects.
High quality workmanship and finishing together with reliability and competitive pricing means the services of this business are always in demand with many Clients considering this business to be ‘their builder’. Repeat work and its steady stream of referrals are such that this business frequently has little need to look outside its existing customer base for work.
The Owners of the business, a Husband and wife team working Project Management and administrative roles respectively draw on numerous contacts in the sub-contractors field, across the full spectrum of trades to fulfil contracts with many working almost exclusively for this business. All are highly skilled and well qualified to ensure they are capable of completing the tasks in hand. The business is CHAS (The Contractors Health and Safety Assessment Scheme) registered and is also very close to being Constructionline registered.
Large enough to cope but small enough to care could easily be the motto of this business. It is careful to manage the expectations of its Clients, involving them as much as possible throughout the length of the project. As a result this company has an excellent reputation for delivering on time and to budget with any problems dealt with promptly and always to the customer’s satisfaction. With some Clients with very large and valuable properties it is an approach that pays significant dividends with regular on-going work.
With a annual turnover of approximately £640,000, generating gross profits of over £130,000 and pre-tax net operating profits in excess of £70,000, this is an excellent opportunity for an existing building contractor to acquire a well established general builder with a healthy level of turnover and profitability or for a new entrant into the marketplace to establish a foothold in the sector, via the acquisition of a thriving building operation with a significant, loyal and on-going Client base.
|Facilities:||This business operates from premises of approximately 1,000 square feet which were acquired by the current Owners of the business in 2007. The premises are used as office and storage.|
|Competition:||This business has invested little in marketing or advertising recently being able to rely on the most cost effective form of marketing, word of mouth recommendation combined with repeat business from existing customers.
The business also has a well designed and informative website that performs very well in all the major search engines for all appropriate search terms.|
|Training/Support:||The current owners will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new ownership.|
|Sale Reason:||This is a genuine retirement sale.|
Seller Reference #GB163
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