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Compressed Air Equipment and Treatment Products Company

Ref. AD038

Location : Northern Ireland

Asking Price : £575,000

Turnover : £1,528,776

Net Profit : Undeclared

Gross Profit : £520,795

EBITDA : £200,459

Net Asset : £236,478

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price: OIRO £575,000

Asking price includes:

Turnover circa - £1,528,776
Gross Profit circa - £520,795
EBITDA - £200,459 (before drawings)
Net Assets (no cash no debt) - £236,478
Run under senior management
Highly desirable and diverse blue-chip regular customer base
Competent and efficient staff
Highly accredited
24/7 Emergency Support Service
Attractive website

Business Profile

First incorporated in 1978 but brought by the current owners in 2005, this business has grown into one of the leading suppliers of air compressors and air treatment products in Northern Ireland. The business is recognised as an established and highly accredited company, which provides a diverse range of products. Including Air Compressors, Air Treatment Products, Vaccum Pumps, Blowers and Fluid Handling equipment. The current employees are a team of highly skilled and accredited service engineers. Their efficiency and dedication is reflected by the company’s high levels of customer revenue. 

The company has built an extensive customer base, including large government bodies. The business has an excellent rapport with their current and past clients. Their customer base consists of repeat business as well as business from new customers. As one of the leading compressor suppliers in Northern Ireland, the business provides a 24/7 emergency support service. Their team of highly trained specialist engineers are contactable at any time. The business has been praised for their short response time and outstanding customer service.

The business has the infrastructure to take on large projects, as well as small ones. With the company trading successfully for almost 40 years, the company has considerable potential to grow into a large and more diverse establishment. Word of mouth is the business’ main source of advertisement. With the majority of their clients being referred to them by past clients. The company has an impressive track record of carrying out projects, whether small or full turnkey projects to clients, both large and small, within the public and private sector.

Their products and services include:

• Air compressors
• Air treatment products
• Vacuum pumps and blowers
• Fluid handling
• Servicing and repairs

The business’ services and products accommodate to a diverse range of sectors, ranging from the farming and water industry to medical and military facilities. Because of this, and through the many accreditations held by the employees, this company has become one which is highly reputable in the compressed air industry.

This business has the infrastructure to handle small services as well as major installation jobs. As one of the leading air compressor companies in Northern Ireland, this business has provides high-quality products as well as carrying out efficient services. Each engineer strives to ensure the projects they are tasked with are completed to the highest of standards to meet the client’s expectations. The company is able to do this as it has built a strong senior internal management team with high technical expertise and commercial acumen.

The longest serving employee has worked for the company for 26 years and the most recent employee has been at the company for 7 years. Thus proving the company’s low employee turnover. The business employs an experienced management team and a highly professional workforce capable of managing and undertaking all projects from conception to full implementation with ongoing support, servicing, upgrade and maintenance.

Since the company’s inception, this business has built a reputation for providing a professional, prompt and comprehensive service with high levels of customer service. Staff understand the need to be 100% reliable and this has helped the business develop many long-term client relationships.

This is an excellent opportunity to acquire an expanding, progressive and profitable business which is accompanied by an extensive customer base. The business is currently enjoying good levels of financial growth. The business would benefit from a new owner, bringing fresh energy and new levels of business acumen as well advertising and marketing to attract new clientele.

Infrastructure/Equipment:

All the necessary infrastructure is in place to run the business efficiently and properly. The business has invested significantly to ensure its plant and equipment to carry out design and installation services are of the highest quality.

Customer Service:

The business has built a strong relationship with all of their clients. Their services and products reflect the company’s dedication to ensuring their clients satisfaction. With the employee turnover being relatively low, this demonstrates the staff’s loyalty to the company. Each member of staff is highly trained to carry out their duties on and off site.

Key Strengths:

Having been successfully trading in this industry for almost 40 years, the business and its staff are well established and respected. The company has built a rapport for high quality work, outstanding levels of client service and reliability.

The vendors have built a strong team who work alongside them on a daily basis.

With such a sterling reputation the business’ services are continuously in high demand. The company prides itself on its ability to respond quickly and effectively to customers’ needs. Consequently this business can boast an impressive range of regular clients and very high levels of customer retention.

Key Opportunities:

• Grander financial growth
• Well respected reputation
• Skilful and loyal staff
• 24/7 emergency support services

Financial Information:

The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Sales for the last financial year circa £1,528,776
Adjusted Operating Profits/EBITDA £200,459 before director’s drawings
Net Assets on a no-cash no-debt basis are circa £236,478

The business has a very healthy bank of future orders/projects that should ensure ongoing prosperity for the new owners.

Asking Price:

Offers are invited for 100% of the issued capital of the company with a projected NAV of £236,478. There will be a £ for £ increase/decrease to the final sale price to reflect any movement away from this figure in the final completion balance sheet.

Advertising and Marketing:

The business has acquired a well-respected and trustworthy reputation over their years of service. Therefore, with the right advertising and marketing, the business could grow into a larger establishment. Nonetheless, the business does have an attractive and visually friendly website which is easily accessible.

Growth and Expansion:

With an enviable reputation within the industry and renowned for always meeting if not exceeding client expectations there is an outstanding opportunity to build on the existing services and customer base of this company.

The vendors have taken a hands-on approach during their years of ownership, their proactive nature has benefited the company. The business could easily be scaled up even further should a new owner wish to invest in further internal resource, as the demand for its services is there. 

Premises:

The business operates from leasehold premises situated in an industrial unit.

Employees:

The vendors of the company are skilful engineers and currently work alongside their other employees.

The key staff consist of office admin workers as well as engineers. All members of staff are skilfully trained and accredited in their field of work. All members of staff are a real asset to the business.

Support and Training:

The current owners are willing to provide an informative handover to ensure a sm ooth transiting of ownership. This should be a relatively simple process so long as the new owner is familiar with the particulars of this industry.

Furthermore, the vendors would also be prepared to stay on within the business depending on the new owners terms.

Reason for Sale:

The vendors feel that fresh new owners would take the company to a higher level of financial success. They are willing to continue with the business, depending on the buyer’s contractual terms.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
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