* Included in Asking Price
Specialist Roofing Contractor
Location South East London
Asking Price £ 340,000
Asking price includes:
Turnover for the financial year ending August 2006 of £427,800
Gross profits of £200,100
Pre-tax net operating profits of £112,000
Twenty years of successful trading
Domestic, commercial & Public sector projects
A trusted and respected name in the roofing industry
Reputation for honesty, reliability and responsibility
Loyal customer base of contractors generating on-going projects
Domestic, commercial & Public sector projects
Qualified and highly skilled tradesmen
Extremely lucrative margins
Training and handover
Plant and equipment
Established by the current Owner in the late 1980’s following many years working within the sector having started as an Apprentice asphalt roofer, this business provides a very competitive roofing service for a wide range of domestic, commercial and public sector Clients working primarily for major contractors – for which it has continuously developed and adjusted its service offering to meet the needs of this very important target sector.
Specialising in the design and installation of mastic asphalt and felt roofing systems, this business offers developers, architects, local authorities and consultants a complete flat roofing solution to meet all their requirements. The work this business undertakes is extremely varied including as it does projects for hospitals, factories and offices, churches and residential estates. Its range of work, which almost entirely occurs within the South East corner of England covers complete roofing projects, from home extensions right through to much larger commercial and public authority projects taking in all aspects of asphalt and felt roofing, flooring, balconies and paving, slating and tiling. From small roof repairs to large scale roof design, this business will find the right products at the right price and manage the installation through to project completion.
As a member of the Federation of Master Builders, Trustmark registered and a Warranted Roofer, this business prides itself on offering a prompt, reliable and professional service at a competitive price. The company is well respected as an expert throughout the asphalt industry and has an excellent reputation for providing very high standards of workmanship, with Health and Safety issues paramount. Many years of roofing experience, its highly skilled, experienced and qualified tradesmen equipped with full training and knowledge of all the latest roofing materials and construction techniques together with industry standard approved materials ensure the very best end result. Not surprisingly with this very well-established reputation within its locality, a large proportion of work arises from its existing customer base and excellent referrals and recommendations from its satisfied Clients.
This is a highly profitable and very well managed business. With turnover for the financial year ending August 2006 of £427,800 generating gross margins of approximately 46% and profits available to the Owner of the business of around £130,000, this represents an excellent acquisition opportunity for an existing operator to increase its penetration of the sector or for a new entrant to acquire a very well established business with an excellent foothold within the marketplace.
|Facilities:||The business operates from a leased yard of approximately 250 square metres with office accommodation by way of a serviced cabin on-site. The site has 24 hour access with no noise restrictions.
The lease is flexible with the business having security of tenure. Rent is £328 per month including Rates.|
|Competition:||Established for more than twenty years, with a loyal, repeat customer base and work consistently stretching months ahead this business operates without any major marketing or advertising initiatives, not even appearing in any of the major directories. It enjoys by far the most cost effective form of marketing, strong word of mouth recommendation, testimony to the excellent reputation the business has within the industry.
The business does not currently have a website and it could be argued that this would enable it to showcase its capabilities to a much wider target audience increasing the number of projects for which it would get an opportunity to tender.|
|Training/Support:||The current Owner is happy to assist with all necessary hand over and the training to ensure a smooth transfer of the business to new Owners.|
|Sale Reason:||This is a genuine retirement sale.|
Seller Reference #GB090
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