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Established Drain Care Business

Ref. GC120

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

  • Turner Butler

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Asking Price: Offers in the region of £300,000
Net profit c£150,000
EBITDA £175,000
Net Assets c£70,000

Business Profile

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.

Key Considerations

• 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

Summary Results

The business is projected to achieve an EBITDA of c£175,000 before an owner’s drawings

Asking Price

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.

Reasons for Sale

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

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

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777