Plumbing and Heating Company
Location : Swansea, South Wales
Asking Price : £225,000
Turnover : £375,000
Net Profit : Undeclared
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Not Included
Confidentially offered for sale
Turn Over £375,000
Good WillBusiness Profile
This Corgi Registered business was established by the vendor in 1978 and became a Ltd company in 2000. Operating from a home based office it has established an enviable reputation for high quality workmanship, trustworthy and professional staff, and honest trading. As such it has built up a client bank of private and commercial customers within a thirty mile radius of its location.
It carries out any work from a simple tap washer for a private client to a full fit for new build homes. It has excellent relationships with two local authorities who provide a consistant supply of pre priced work and has long standing maintenance agreements with four local nursing homes.
This business has been managed to a size suitable for the director’s own requirements. It is constantly turning away business and could easily increase its volume turnover by taking on more staff to cope with the demand. The business has been approached by additional Local Authorities to handle some of their work but has chosen to contain its operations. The addition of an employee to handle enquiries and a couple of extra plumbers would allow the business to grow quite quickly. It is noteworthy to mention that this company has never had to advertise its 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.
The company has a turnover in the region £375,000 with adjusted pre tax profits in the region of £65,000. The balance sheet is sound.
The business does have a web site
The business is run from a home-based office that has the great benefit of minimalising overheads. It also has a lock up to secure the small amount of stock that it carries.
The business does not offer a twenty-four hour call out service
One director Two full time plumbers Two tillers One plasterer Three apprentices
There will be a full and professional handover for a period to be agreed as part of the overall negotiations.
The director has decided to take early retirement.Turner Butler Disclosure Statement
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