* Included in Asking Price
Established Scaffolding Hire, Supply and ******** Company
Asking Price £ 499,950
Asking price includes:
Turnover consistently in excess of £500,000 per annum
Gross Profits consistently circa £200,000 p.a.
Huge stock of scaffold, plant and equipment (circa £500,000)
Fleet of commercial vehicles
Suitably qualified personnel (C.I.T.B.)
Safety Net accredited
Circa 17 years of successful trading
Extensive commercial client base (hundreds of regulars)
Good pipeline of future revenues
Excellent opportunity to grow
Extremely lucrative margins
Well suited leasehold premises
Training and handover
The vendors of this business have been providing a comprehensive scaffolding service for some 17 years now and the business has grown into one of the areas largest and most respected scaffolding companies. Regarded as the market leader in the region, the majority of customers are based within a 40 mile radius. In saying that the business has gone further afield when required, such is the demand for its services.
This position of strength has been achieved by giving customers the experience and expertise they require together with a comprehensive range of services that includes scaffold and board hire, scaffold sales, ladder hire, prop hire and provision of other access and scaffold related products and services. The vendor has re-invested profits into the company over the years in terms of stock and equipment so that it can react quickly to meet customer requirements.
This company is a dynamic, customer driven business and offers a professional reliable and efficient service to many industries. The business has a very impressive customer base that runs into many hundreds and these include large blue chip clients (with which it holds desirable maintenance contracts) ,housing associations, National Trust, churches, national builders right through to small builders and private individuals. The business holds a very impressive level of wholly owned stock and equipment due to the size of its customer base and the business resources are usually booked up weeks in advance with a further 6 months high quality pipeline in place at any one time. The business supplies and erects its own scaffold tubing using its in-house experienced staff. This ensures all equipment is well maintained, correctly erected and complies with all current health and safety legislation. This is illustrated through the company’s excellent health and safety record.
Much of the work is repeat business and there is huge scope to further develop these accounts as many of the customers have very large estates to manage and maintain.
The business has an excellent credit rating and has always enjoyed positive cashflow. It has a high level of plant and equipment that is owned by the business.
|Facilities:||The business operates from ideal leasehold premises. Current lease is for 2 years. Rent is circa £600 month. Rates are circa £1,200 per annum. The premise are located on a small industrial estate with excellent access and close to major routes. The yard is circa 1520 square metres and has full perimeter fencing and floodlighting. The yard houses a portacabin office and several storage containers. The industrial estate has external CCTV.|
|Competition:||The business has never felt the need to advertise in the past and there are excellent opportunities to increase this and market the business more aggressively. A large percentage of clients derive from recommendations and the business enjoys excellent levels of repeat business
The company does have a basic web presence and also does some local sponsorship.
There is no doubt that turnover and profits could increase in line with a more active marketing strategy, both to existing clients and target potentials.|
|Growth Potential:||There is huge potential to develop this company further. The business has never really seen the needed to advertise to date and enjoys very consistent levels of demand. The vendor currently has to turn down work from potential new customers on a regular basis such is the ongoing demand he enjoys from existing clients. A new owner with new levels of energy and business acumen could certainly increase the turnover significantly and broaden the services of the company with limited investment in additional resource and by increasing the advertising and strategically marketing the company.
The sale of this business presents a rare opportunity to acquire a highly successful business that is very well established and enjoys very consistent demand.|
|Training/Support:||The owners are happy to provide full business familiarisation and handover to ensure continuity of trading and a seamless transistion. One or even both directors would also be prepared to stay on for a further period should a new owner so require, subject to negotation.|
|Sale Reason:||Planning exit strategy.|
Seller Reference #GB174
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