* Included in Asking Price
Domestic and Commercial Plumbing & Heating Contractor
Location East Sussex
Asking Price £ 150,000
Asking price includes:
Turnover of approximately £375,000
Almost twenty five years of successful trading
Excellent growth opportunities
A trusted and respected name in the industry
Reputation for honesty, reliability and responsibility
A wide range of domestic and commercial Clients
High level of repeat and recommended business
Highly trained, knowledgeable and loyal staff
On-going growth pattern
Training and handover
Sign written vans
Formed by the current owner, this business was established in 1983 and not surprisingly with twenty five years of successful operation has developed a loyal, wide ranging Client base. Working primarily within Sussex, Surrey and parts of Kent, this is a second to none one-stop solution for plumbing and heating services. Comfortable with both plumbing and gas works – with CORGI registered staff, this business covers the full scope of works, from replacing a tap washer right through to a complete fit out of a house, factory or office block.
Having originally established itself within the domestic arena, the turnover of this business is now roughly split two thirds domestic and one third, commercial or corporate work. It has a regular book of service, maintenance, remedial and refurbishment works involving a number of nursing homes as well as office blocks and factories working on behalf of several firm of national managing agents. This business also works within its catchment area as a service agent on ‘in guarantee work’ for certain equipment manufacturers.
This business has a well-established reputation within the local area for honesty, reliability and integrity. It is a very conscientious organisation providing an excellent, prompt, quality service at very competitive rates. As a result a very large proportion, thought to be in the region of 70% - of work arises from excellent referrals and recommendations from satisfied Clients – clear testament to the standard of work and reliability of the business.
Showing a consistent level of performance throughout its many years of operation, the turnover of this business was approximately £300,000 for the financial year ending in September 2007, generating gross profits of approximately 67%. As such it represents an excellent opportunity for a new entrant in the marketplace to acquire a very well established business or alternatively for an existing operator to add considerable turnover and profitability to its own operation.
|Facilities:||The business operates from a small office/administrative base in a secondary retail position amongst a small parade of shop. The business also has a storeroom/look up just a few yards away plus a small yard for storage with space for a skip for rubbish. There is also car parking on-site.
The premises are leasehold with three years remaining on the lease. Rent is £6,000 per annum. Rates are approximately £600 per annum.|
|Competition:||This business spends very little on advertising, appearing in the local Yellow Pages. All of its transport is sign-written, helping maintain high levels of awareness throughout its areas of operation.|
|Training/Support:||The owner will assist fully with hand-over and training to ensure a smooth transfer of the business, even to the extent of considering an on-going part-time role within the new Owner’s organization, if appropriate and subject to negotiation.|
|Sale Reason:||Having been involved in plumbing and heating since school and built this business up to its current|
Seller Reference #GD056
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