Property Maintenance Contractor
Location : Kent
Asking Price : £150,000
Turnover : £800,000
Net Profit : Undeclared
Gross Profit : Undeclared
EBITDA : £135,000
Net Asset : £17,000
Premises : Relocatable
Confidentially offered for sale
Projected Turnover 2018-19 circa £800,000 per annum
Projected EBITDA £135,000
Net Assets c£17,000
Accredited Trader with an excellent reputation and trusted & respected name
Member of small business club, Safe Contractor & Contractor Plus
100% Contract Work
Excellent Blue Chip client base
Constant income flow
Established in 1985, this property maintenance contractor undertakes property and landscape maintenance repairs for an extensive blue chip client base, including major management agencies across the South East.
Undertaking 100 percent contract work the business is now firmly established as a major contractor across many counties, and prides itself on providing quality workmanship with a friendly service at very competitive rates.
The business has built a reputation on recommendation and efficiency with not many similar accredited companies in the area.
The business has grown over the years and is well established and highly regarded amongst its clients. There is a team of experienced, qualified and reliable staff who provide a high quality service and who can adapt to both small and large jobs.
With a consistent base of satisfied clients the Company achieves a better than average financial performance, even without any new initiatives from a new owner, this company will undoubtedly provide significant returns on investment for some time to come.
With an excellent turnover the business represents a significant and attractive opportunity for any similar type of operation wishing to acquire an excellent, established client base without the ties and costs of an additional site.
The company has earned a deserved reputation for attention to detail, supplying a friendly, prompt, reliable and efficient service using experienced staff and subcontractors.
Responding to the ever-increasing demands of clients, many of which are large major management agents, this business thrives by offering a combination of excellent service at a competitive price. Put simply this business operates in a very buoyant business sector and benefits from plenty of media coverage on the environment. It is very good at what it does, a wide range of maintenance repairs, with very high quality assurance for its clients. The experienced staff produce good quality work, on time and on budget.
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.
Turnover circa £1,180,659
Gross Profit £508,116
Net Profit £334,863
Turnover circa £1,005,784 per annum
Gross Profit c£444,693
Net Profit c£290,354
In 2016 one of the company’s key customers was acquired and the maintenance contract on their properties was given to another company. The vendor has worked hard to recapture the lost revenue and the estimated out-turn for the year is:
The vendor has continued to rebuild the business and is confident that it will achieve the following results based on contacted business secured to date:
Projected Turnover c£800,000
Projected EBITDA c£135,000 after imputing £25k rent
The Asking Price of £150,000 is for the Goodwill and the tangible assets worth c£53,500 of the company.
Well established for over thirty years this business has not advertised for over fifteen years. The business has collected plenty of pictures and has e-log books to showcase the services provided. There is also a well-designed, informative website, however, by far its most effective form of marketing is recommendation, testimony to the high regard with which this business is held in its local area, with much of the work achieved through word of mouth and repeat contract work.
Operating both within property maintenance and landscaping there is scope to develop this business in either or both directions – and particularly in relation to expanding into domestic work which could certainly impact on turnover and profitability.
There is an outstanding opportunity to build on the existing business levels and customer base of this company. With its outstanding reputation, new owners contributing fresh ideas, drive, enthusiasm and investment will have every advantage of building on an excellent platform.
Fully relocatable, or the modern unit the Company works from could also be purchased. A new lease will be offered at a starting rent of £25,000pa.
Monday – Friday: 9am – 5pm
The owner plus 5 full time employees and 3 x part time staff.
The Company also uses agency staff on an ‘as needed’ basis.
Full support and training will be provided to the new owners to facilitate a smooth transition of ownership.
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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