Established Drain Care Business
Location : UK
Asking Price : £300,000
Turnover : £625,000
Net Profit : £150,000
Gross Profit : Undeclared
EBITDA : £175,000
Net Asset : £70,000
Premises : Not Included
Offered for sale
Asking Price: Offers in the region of £300,000
Net profit c£150,000
Net Assets c£70,000
The Business is a highly regarded drain care operation offering a surprisingly diverse set of services, including (but definitely not limited to): cleaning clogged toilets, sinks, baths and showers using Electro Mechanical Cleaning, High Power Water Jetting and other methods; emergency repairs; pipe lining excavations; CCTV surveys; and gutter cleaning. In addition, the company offer offers in-depth preventative maintenance planning and services, as well as 24/7 service. Covering the whole of the South West with fully serviced offices and a fleet of fully equipped vans, the Business’s well-trained, highly skilled and experienced engineers serve an array of clients in all sectors on long-term contracts
With features, such as the aforementioned 24/7 service, a keen ability to assess any drain problem and devise the best solution for it, a complete portfolio of state of the art tools and equipment, a superb engineering staff and, most importantly a very determined focus on responsive customer care, has wrought for itself a regional reputation as a top tier drain repair and cleaning service provider amongst commercial and domestic clients, yielding above £625,000 turnover a year.
The business has been established for a long time, and runs remotely without management in place.
• Well-known with an excellent track record
• Stellar reputation throughout the region
• Short response times, and complete transparency with clients
• Annual turnover of over £625,000
• Substantial ROI
• Growing base of blue-chip commercial and private clients
• Large and growing base of long-term contract customers
• Highly qualified management capable of running the business without owner
• Skilled, well-trained and certified engineering field staff
• First class ecommerce website
• Scores of options to expand the business
The business is projected to achieve an EBITDA of c£175,000 before an owner’s drawings
The Vendors are seeking offers for 100% of the issued capital or asset purchase in the region of £300,000 based on the current customer base and net assets of c£70,000.
The Vendor, wishes to pursue other opportunities in property development/real estate and wishes to sell so he can scale down and focus on this. As such, the Director is seeking a buyer who will see that the Business continues on its current trajectory and beyond, the buyer does not need to be present in day to day operations in the business
The director has indicated that he is willing to assist with transition for a limited period of time, and has given his written agreement not to compete with the Business indefinitely in its area.Turner Butler Disclosure Statement
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