Building/Plumbing Company Specialising in Wet Rooms And Disabled Shower Adaptations, Primarily for L

1720

Building/Plumbing Company Specialising in Wet Rooms and Disabled Shower Adaptations, Primarily for Local Authorities, Housing Association and Charitable organisations

Ref.GB192
Location Essex Fully relocatable
Asking Price £ 65,000

Asking price includes:

Turnover circa £261,336 per annum
Gross Profit circa £82,145
Net profit £44,161
Net asset value £4,497
EBITDA £62,574

Approved contractor for two councils, Housing Association and Charitable organisations
Very well established approved trader
Excellent Reputation
Repeat Local Authority work
Growth potential
Business profile:
A well-respected building company, this business was established by the vendor in 1988 and has developed an excellent reputation within the local marketplace in which it operates, based upon over 24 years of successful trading. This thriving business specialises in fitting disabled shower adaptations and wet rooms getting work predominantly supplied by local councils and housing associations. The business is on the council approved trader list for the whole of Essex with the split of work being 95% local authority and 5% private work.

High standard of workmanship and finishing together with reliability and competitive pricing means the services of this business are always in demand with many clients. 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.

Sage is used for accounts plus a bespoke quotation system.

Facilities:

The business is fully relocatable, however there is a secure storage unit of circa 20 sq. metres costing £1,000 per annum that could be used if required.

Growth Potential:

There is an ever increasing need for this service so the outlook for the business is constant with very few authorised businesses in this market. The business has become renowned for reliability and efficiency of service and speed of completion of projects. This business has invested little in marketing over the years and relies mainly on word of mouth recommendation combined with repeat business from existing customers. Active cross marketing could increase the turnover going forward. The business could see further growth should the new owner invest in a well-designed and informative website that would showcase the quality of the work it offers.

Training/Support:

Support and training will be provided for the new owner to be agreed at the time of sale to ensure a smooth transition of ownership.

Sale Reason:

Owner relocating overseas.