PROPERTY MAINTENANCE COMPANY SPECIALISING IN DISABLED SECTOR
Location : South of England
Asking Price : £2,750,000
Turnover : £3,145,963
Net Profit : Undeclared
Gross Profit : £575,875
EBITDA : £635,000
Net Asset : £685,749
Premises : Not Included
Confidentially offered for sale
• Highly reputable Building Services company in the South of England
• Limited competition in UK for Disabled facilities
• Widely known for prompt and caring customer service
• Skilled, experienced and well-trained staff
• Quality and immediacy of communications
• High levels of customer satisfaction and loyalty
• Annual turnover nearing £3M
• Price sensitive with excellent margins
• Two south coast locations
• Multiple accreditations and well equipped to meet stringent legislation
• Excellent springboard for future growth including geographic expansion
The opportunity exists to acquire by way of a share purchase all of the issued capital in this property maintenance and building services company (“the Business”)
Along the South Coast of England, and in other parts of the UK, the Business has become one of the most successful and respected building services companies for its customers and clients, many of which have been customers since the first days of trading. The nature of the construction industry is such that it has to move with changing laws and regulations and the business has developed critical areas for its operations in the commercial and industrial services sectors including Housing Associations and Construction Companies. Alongside the more typical construction & maintenance activities such as electrical, mechanical or plumbing requirements, extensions, conversions etc, the Business has specialised in the installation or refurbishment of specialist Disabled toilet and Bathroom facilities.
In addition to this specialism, the Business has developed a long term relationship with a blue chip UK company and has become such an essential part of the services and maintenance of its properties that the Business has an office situated in the same south coastal premises as the client, in order to provide its services at any time that this important client needs them.
Along the South Coast, the Business is the trusted building services company to turn to and to the wider UK is considered a UK leader in the Disabled facilities sector. It has built its name on superior customer service, highly skilled staff, top quality equipment, and unwavering reliability, and all with little marketing or direct sales.
The Business is well established, prudently managed and with an enviable client & customer list. It is a leading UK specialist that is directly connected to UK legislation and commercial building guidelines in the provision of Disabled Facilities. It is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business’ activities both geographically and in the scale of services.
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.
NET ASSETS: £685,749
TURNOVER: c£3.1 MILLION
EBITDA: £635,000 before owners’ drawings
|Cost of Sales||21,11,128||21,14,115|
|EBDTA* before Directors costs**||6,35,000||6,17,000|
All summary results are taken from accounts year end 31st March 2017.
*EBITDA: Earnings Before Depreciation Amortisation & Depreciation.
**Directors’ costs include: Directors salaries, pension contributions and car allowance.
The Vendors are seeking offers for 100% of the issued capital of the company in the region of £2.75 million plus net assets, based on the current customer base and net assets of £685,749. There will be a £ for £ increase/decrease in the final sale price to reflect any variation from this net asset figure.
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 firstname.lastname@example.orgTurner Butler Disclosure Statement
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