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Groundwork Contractors

Ref. GF036

Location : Essex

Asking Price : £1,200,000

Turnover : £1,700,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £700,000

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Turnover circa £1.7m per annum
NAV c£700,000
Regular contracts with large clients
Work in progress
Goodwill

Business Profile

This business offers a broad range of groundwork services to the construction industry including foundation work, drainage, ponds, lakes and mud clearance, which are all regular projects. The business also specialises in barn conversions.

Established in 1994, this business has built up a strong reputation throughout the region. There is a real opportunity to build upon this reputation and genuine and demonstrable scope for substantial growth of the business.

Regular contract work is undertaken throughout Essex, Cambridgeshire, Suffolk, Hertfordshire, Bedfordshire and the outskirts of London.

A full construction service is provided for clients and the business has become particularly sought after and well renowned for the groundwork services that is provides.

The business benefits from strong cash flow and new contracts are won on a very regular basis. A reliable and strong team of contractors have worked with the business for long periods of time.

This business has great potential. The current owner operates the business to suit his lifestyle, however a more commercial management style would create new opportunities that are currently being awarded to competitors.

Equipment:

• The 2017 Accounts showed £417,00 of plant & equipment.

Interestingly, the owner has invented several labour saving products that are used in the business.

Customer Service:

The business sub contracts a reliable, experienced team and has a reputation for completing all work quickly, efficiently and on time. The owner ensures all work is properly carried out with no cutting of corners. Getting the job done properly is seen as the motto of the company.

Key Strengths:

Reputation is everything in this sector. Following sixteen years of delivering a high quality service, the business is the contractor of choice for many developers and construction companies across several counties. In particular, the business has achieved an excellent reputation for providing foundation work for barn conversions.

Financial Information:

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 business is financially stable and enjoys positive cash flow. Turnover is circa £1.6 million.

The vendor will only release his accounts to purchasers when they meet him.

Advertising and Marketing:

The business does have a website, but this would be more effective if marketed. The company is also featured in Yellow Pages.

Growth and Expansion:

Generally the business runs to capacity with a full order book simply on the back of outstanding recommendations from previous work that has been undertaken and numerous referrals. ,However, a more commercial approach to the business including some advertising or a marketing strategy would undoubtedly create numerous new opportunities.
Additionally, the business could diversify and take on other construction projects to add to the regular groundwork contracts that the company is renowned for.

Premises:

No property is included in this sale.

Business Hours:

Monday – Friday: 7.00 am-4.00 pm

Employees:

No staff are employed, however there are ten contractors that are used on a regular basis to provide the labour needed to complete all projects.

Support and Training:

Any necessary training and a comprehensive handover is available if required, to ensure continuity of trading.

Reason for Sale:

The current owner is looking to retire after forty years in this sector.

Looking for finance ?

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 finance@turnerbutler.co.uk

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