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Plumbing and Heating Company

Ref. GD054

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


  • Turner Butler

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Asking price includes:

Well Established

Turn Over £375,000

Good Profits

Corgi Registered

Relocatable

Good Will

Business 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.

Key Strengths:

Low overheads

Relocatable

Well established

Profitable

Minimal Borrowings

Loyal staff

Growth and Expansion:

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.

Financial profile:

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.

Advertising and Marketing:

The business does have a web site

Premises:

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.

Business Hours:

The business does not offer a twenty-four hour call out service

Employees:

One director Two full time plumbers Two tillers One plasterer Three apprentices

Support and Training

There will be a full and professional handover for a period to be agreed as part of the overall negotiations.

Reason for Sale:

The director has decided to take early retirement.

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 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk