Commercial Plumbing & Heating Business Gas Safe Registered
Location : Staffordshire/Cheshire Border (Fully relocatable)
Asking Price : £80,000
Turnover : £143,000
Net Profit : £90,000
Gross Profit : £98,000
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Not Included
Confidentially offered for sale
Blue Chip client base Approved supplier status
Very low overheads
Over 20 years successful trading
All plant and equipment Gas
Safe Registered Support and training
This well managed business was set up by the current vendor some 24 years ago and has established itself as a highly reputable and trustworthy business providing a combination of plumbing services to the commercial market in and around the Staffordshire/Cheshire region. The business is fully certified to carry out works on site and has gas safe accreditation so is able to provide a complete turnkey solution to its clients providing a comprehensive range of plumbing and heating services.
The company provides services primarily to the commercial market (approx. 85%) and has a very impressive regular customer base. Clients are typically based within a 40 mile radius but the business does offer services to some clients further afield is so required. Typical clients include large construction companies and their specialist M & E (Mechanical and Electrical) divisions, Building Consultants who list this business on their approved supplier lists as well as schools and colleges in the region.
The business has worked on some large high profile projects and continually has the opportunity to bid for works that would double (if not treble) its current turnover. The business enjoys very high levels of repeat business and has a loyal customer base due to the quality of its customer service. It is known to be a “perfectionist” hence its high levels of customer retention.
As a Gas Safe registered company this business provides high quality work that meets all the necessary health and safety standards. It has a very good safety records and its customers enjoy superb levels of services. This is reflected in the high number of referrals the business enjoys.
The strengths of this company include its accreditations, reputation, product knowledge, and its technical expertise. It is able to provide clients a turnkey solution. Because of this it benefits from being on the approved tender lists for various organisations in the region including building consultancies, large construction companies and end users.
The range of services supplied by this business offers the ultimate in quality, design flexibility plus affordability and attention to detail. The business has earned and maintained an impressive base of satisfied clients.
Approximately 85% of current work is commercial. The vendor has to date been selective in the business he has bid for and taken on, particularly over the last 2 years. There is huge scope to grow the business both with existing customers and targeting new clients within the region.
The business has had regular revenue streams to date. Further investment and expansion would offer potential for the business to expand its operation further with a more proactive approach to sales. The vendor has never really looked for work and concentrates on his core client base. Many of these clients have large plumbing and heating requirements (both projects and existing site maintenance) that can run into hundreds of thousands of pounds but the vendor does not chase the larger projects through choice. A new owner with larger infrastructure could certainly tap into this further relatively easily. They could also look to introduce maintenance contracts and emergency call out services if so required.
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 for last financial year circa £143,000 p.a.
Gross Profits circa £98,000 p.a. (68%)
Profits available to the vendor for last financial year circa £90,000 p.a.
Turnover has been considerably higher historically and there is no reason why a new owner cannot increase current levels by taking on more of the opportunities the business has at its disposal.
Asking price of Offers in The Region Of £80,000 is based on cash free debt free basis.
The Asking Price of Offers In the Region of £80,000 is for the assets and goodwill of the business
Existing customers are the best advertisement for the business with word of mouth recommendations consistently generating new work and enquiries. The business undertakes no advertising or marketing such is the reputation it enjoys. A new owner could certainly increase this to help grow the business. The business could certainly benefit from an online presence.
The business is run from a home office environment so there are no premises associated with the sale. The business is truly relocatable.
The vendor, a plumber by profession, works full time in the business and multi-tasks including site work. His wife carries out some administrative duties but this is literally just a few hours a week.
The business also utilises trusted sub-contractors whom it was worked with for several years, as required
The vendor will provide a comprehensive handover to ensure a seamless transition of ownership. He may also be prepared to stay on in the business should a new owner so require, subject to negotiation.
Planning retirement / health reasons.
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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