* Included in Asking Price
Independent Drain Cleaning and Repair Specialist
Location South West Devon & Cornwall
Asking Price £ 170,000
Asking price is based upon:
Turnover approximately £93,000 per annum
Gross profits in excess of £230,000
Pre-tax net operating profits of almost £60,000
Adjusted EBITDA of £39,000
A Balance Sheet of approximately £65,000
Three liveried vans equipped with all necessary equipment
Three highly trained and experienced Field Technicians
Complete turnkey operation
Strong loyal customer base
Excellent growth potential
Training and handover
Established for over twenty five years, this business has grown to become one of the leading drain cleaning and repair businesses in its area.
Very successful and profitable, this business covers all routine maintenance and emergency drainage work including surveys, drain relining, and remedial repairs – servicing a wide range of loyal customers in both the commercial and domestic sectors right across south east Devon and Cornwall. Turnover is split 80:20 between the two sectors in favour of domestic though the commercial sector is expanding rapidly as a result of the business’s fast growing relationships with Insurance companies and one of the UK’s fastest growing home emergency and home maintenance businesses.
This well run business is built on a foundation of quality practices and management procedures. Working to a proven successful pricing formula, every job is priced before work starts with regular and accurate communication with the customer throughout, ensuring a high level of customer confidence and satisfaction. Such is the business’s superb reputation backed up by good local marketing, this business has an excellent conversion rate amongst all of the jobs it is called out to look at. Rather than use a competitor, customers will frequently wait for this business to attend even if it can’t attend immediately.
Contributing no less to the success of this business is the heavy investment in technology it has made to ensure every effort is made to offer the very best service possible, having extended its capabilities in response to its clients' specific requirements, and the growing demand for its services. Each of the three vans this business has on the road are fully equipped with all of the specialist equipment expected of such a major player in this marketplace including on-board high pressure water jetters with other key plant including drain lining equipment also within its inventory. With very well trained operatives, skill levels are maintained at a very high level incorporating all the latest advances and procedures in drain cleaning and repairs.
With all the procedures and processes in place, the technology, an existing loyal customer base and a marketing programme to generate new business on an on-going basis, this is an easy to run business. It also represents an excellent acquisition opportunity for anyone looking for an established business within the drain cleaning and repair sector or an existing operator looking to extend their coverage into south west England.
|Facilities:||The business currently operates from rented premises of approximately 200 square feet comprising two offices, some storage and a staff room. Rent is approximately £350 per month with Rates of approximately £1200 per annum.
The business has however outgrown the premises and requires to be relocated.|
|Competition:||Having been established for over twenty five years, this business enjoys high levels of awareness and benefits further from an excellent web presence through a well designed, informative and easy to navigate web site. Further activity is in the form of local advertising and direct marketing initiatives to the existing customer base and a presence in Yellow Pages and Thomson’s. The business has also built a comprehensive customer database on which is logged every job – a powerful marketing tool for identifying potential planned maintenance leads, lapsed customers etc.
Awareness of the business throughout its operating area is further maintained through a highly visible and distinctive corporate identity which is used through all of its customer communications but is perhaps most strikingly evident on its sign written vans. The business has also maintained a significant presence in local editions of the Yellow Pages and Thomson directories.
The use of promotional merchandise including fridge magnets is also very effective however, word of mouth recommendation is by far its strongest form of marketing, testimony to the excellent regard and high esteem with which the business is held within the industry.|
|Training/Support:||The current Owner will provide a full handover and whatever assistance is required to ensure a smooth transfer of the business to new Owners.|
|Sale Reason:||Having been involved in the industry throughout his career and having run this business for over twe|
Seller Reference #GC094
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