||Employees||7 full, 2 part
* Included in Asking Price
Facilities Management & Building Maintenance Services Company
Safe Contractor/Contractor Plus/PICS
Location : West Midlands
Asking Price : £795,000
Asking price includes:
Turnover for current financial year expected to be circa £1 Million p.a.
Turnover for last financial year circa £823,000 p.a.
Gross Profits for last financial year circa £413,000 p.a.
Adjusted Operating Profits/EBITDA for last financial year circa £345,000 p.a.
Nominated Contractor Status
Plant & equipment
Growing year on year
Excellent back office systems
Superb large commercial customer base
On-going future revenues as a nominated/preferred supplier
Multiple revenue streams
Handover and training
This very successful building services, maintenance and facilities management company provides its clients with a comprehensive range of planned and reactive services covering all trades, mainly throughout the Midlands region of the UK. The company has acquired (over the past 25 years), the skills and expertise necessary to offer a multi-disciplined or specialised maintenance service to meet each client’s individual requirements for any building, structure or asset that requires protecting and maintaining. The business is enjoying very impressive growth and profitability at time of going to market and this trend is expected to continue as it secures ongoing lucrative long term maintenance agreements with its many blue chip customers.
The business provides a broad range of planned and emergency maintenance, minor works and repair services for its client’s and their commercial/industrial premises. Range of services includes:
• General building work, refits, shop-fitting etc.
• Painting & decoration
• Cleaning services
• Roofing inc. fascia and guttering
• Groundwork- line painting, car park maintenance, bollards etc.
• Winter maintenance programmes (inc. gritting)
• Metal fabrication
Long standing relationships have been built with key organisations throughout the Midlands and beyond, be they customers, engineers or contractors in both the public and private sector. Due to this the business has achieved excellent market penetration and built up a highly desirable client bank. Clients, both direct and in-direct include large blue chip commercial companies who have huge estates that need maintaining. Properties this business maintains include shopping centres, large commercial offices, retail units and leisure facilities.
The company boasts some very prestigious customers, many of whom have hundreds of sites. The business holds Nominated and Preferred contractor status which gives it a real edge in the market and this is fuelling impressive year on year growth in terms of sales and profitability.
The vendors have in place a comprehensive and dedicated team who ensure clients are effectively managed. It has developed a highly efficient Help Desk facility to support this.
The organisation is fully conversant with all current legislation and guidelines relating to health, safety and quality. The company has excellent internal procedures and policies that are backed up by the company’s impressive range of accreditations and registrations (see below) that ensure a high quality of service and treatment, both for customers and employees.
|Facilities:||The business operates from leasehold offices. The current agreement is a flexible annual one so relocation could be easily managed should a new owner so require.
Current rent and rates circa £6,800 p.a.|
|Competition:||The business enjoys high levels of repeat business, word of mouth recommendations and referrals as a Nominated contactor in the region. In saying that it could benefit from a more strategic medium/long term sales and marketing campaign. It does have a basic yet informative website but does no advertising/marketing at present.|
|Growth Potential:||The business currently operates mainly on a regional scale ( West Midlands-which accounts for circa 80% of revenues) but there is no reason why it could not expand its model further. Whilst it currently services some very large customers with large property estates there is huge scope for expansion both within the existing customer base and beyond.
The building services sector is strong and the trend is expected to continue with many private organisations and public sector bodies outsourcing this function, due to increasing legislation and health and safety requirements. This business is ideally positioned to service this need moving forward.
With a more proactive sales and marketing function a new owner could significantly increase revenues and turnover within the business, both with existing and new clients.|
|Training/Support:||The vendors are happy to provide a comprehensive handover to ensure a smooth seamless takeover. This should be a relatively simple handover as the business already has senior staff and systems in place.|
|Sale Reason:||Planning exit for retirement.|
Seller Reference #CC175
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