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Asking Price$124,232
Revenue$222,064 Established1991
Cash Flow$139,761 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Commercial Plumbing & Heating Business
Gas Safe Registered
Ref.GD111
Location Staffordshire/Cheshire Border (Fully relocatable)
Asking price: OIRO £80,000

Asking price includes:

Turnover for last financial year circa £143,000 p.a.
Gross Profit for last financial circa £98,000 p.a. (68%)
Profits available to the vendor for last year circa £90,000 p.a.
Blue Chip client base
Approved supplier status
Very low overheads
Over 20 years successful trading
All plant and equipment
Gas Safe Registered
Support and training
Relocatable
Goodwill
This well managed business was set up by the current vendor some 24 years ago and has established itself as a highly reputable and trustworthy business providing a combination of plumbing services to the commercial market in and around the Staffordshire/Cheshire region. The business is fully certified to carry out works on site and has gas safe accreditation so is able to provide a complete turnkey solution to its clients providing a comprehensive range of plumbing and heating services.

The company provides services primarily to the commercial market (approx. 85%) and has a very impressive regular customer base. Clients are typically based within a 40 mile radius but the business does offer services to some clients further afield is so required. Typical clients include large construction companies and their specialist M & E (Mechanical and Electrical) divisions, Building Consultants who list this business on their approved supplier lists as well as schools and colleges in the region.
The business has worked on some large high profile projects and continually has the opportunity to bid for works that would double (if not treble) its current turnover. The business enjoys very high levels of repeat business and has a loyal customer base due to the quality of its customer service. It is known to be a “perfectionist” hence its high levels of customer retention.
Facilities:The business is run from a home office environment so there are no premises associated with the sale. The business is truly relocatable.
Competition:Existing customers are the best advertisement for the business with word of mouth recommendations consistently generating new work and enquiries. The business undertakes no advertising or marketing such is the reputation it enjoys. A new owner could certainly increase this to help grow the business. The business could certainly benefit from an online presence.
Growth Potential:The business has had regular revenue streams to date. Further investment and expansion would offer potential for the business to expand its operation further with a more proactive approach to sales. The vendor has never really looked for work and concentrates on his core client base. Many of these clients have large plumbing and heating requirements (both projects and existing site maintenance) that can run into hundreds of thousands of pounds but the vendor does not chase the larger projects through choice. A new owner with larger infrastructure could certainly tap into this further relatively easily. They could also look to introduce maintenance contracts and emergency call out services if so required.
Training/Support:The vendor will provide a comprehensive handover to ensure a seamless transition of ownership. He may also be prepared to stay on in the business should a new owner so require, subject to negotiation.
Sale Reason:Planning retirement / health reasons.
Ad #74112
Seller Reference #GD111
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Turner Butler
0044 1895256000
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