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Handyman Service and High-margin, High-end Property Refurbishment

Ref. GF053

Location : South West London

Asking Price : £85,000 incl Net assets

Turnover : £385,000

Net Profit : £44,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £15,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold premises

Business highlights include:

Turnover for 2019 circa £385,000
Net Profit circa £44,000 before Director’s drawings
Net assets c£15,000

Successful trading history
Well situated in busy, high profile SW London location
Servicing high net worth clients
Trusted sub-contract team
Quality service
Outstanding reputation
Excellent supplier relationships
Website

Business Profile

This respected business was founded by the vendor in 2017 in a highly affluent part of south west London. It provides a handyman service together with the refurbishment, restoration and construction of commercial and residential properties in London and other parts of the South East of England.

High added-value and quality solutions are created for high net worth, private individuals and commercial clients.
The company partners with a bona fide highly skilled sub-contract workforce and each project has a high focus on communication, so that the client is aware of all the moving parts of a project constantly. This approach to high-end construction services means that every customer is provided with detailed attention and is always kept up to date with project progress throughout with regular communications which results in the highest quality finish.

The company has become known locally as a reliable handyman service and quality-focused, major works contractor with particular expertise in the renovation & refurbishment of buildings where the focus is on respect for and communication with clients and customers. The company has successful trading relationships with High End Architects and Block Management companies from whom they receive regular tenders as well as private client work. The company believes that the very best results are delivered when there is a successful partnership between client and constructor, working together to achieve the shared vision.

Customer Service:

The business offers clients the highest quality of construction fit & finish and great customer service.

The Handyman service is proving to be very popular locally and is becoming a significant revenue stream for the business and has tremendous scope to improve.
Handyman activities include:

• Flat pack assembly
• Small plumbing works
• Carpet cleaning
Unblocking sinks & baths
• Window cleaning
• Shelf fitting
• Door hanging
• Small decorations
• Small repairs – inside & out

Key Strengths:

The business has many strengths including

• Extremely well located
• Enviable reputation in the area it serves
• Excellent Architect and Surveyor contacts from whom work is referred
• Exceptional levels of service
• Repeat business levels and referrals
• Highly reliable sub-contract team

Key Opportunities:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The clearest opportunity to grow the business would be by simply agreeing to the level of demand that the company enjoys, enlarging the Handyman Business and by engaging in specific marketing campaigns backed by its strong reputation.

The market outlook for this kind of a business is excellent. A clean trading history, and filed accounts, with a strong demand for this business’s services, a new owner who is capable of instilling additional ideas and expanding on the solid base will have every advantage of building on a trusted local brand.

This is a unique opportunity to purchase a growing business. It is a well-structured company generating excellent profit margins with excellent growth potential.

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.

Turnover for 2019 circa £385,000
Net Profit circa £44,000 before Director’s drawings

Asking Price:

The Asking Price of £85,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £15,000 on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing:

The company has an impressive website providing details on the range of services and portfolio; an attractive comprehensive digital brochure can be downloaded.

A high proportion of the business s revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of high net worth individuals, whilst continuing to attract new referrals and recommendations.

Premises:

The business operates from a well known high street office, close to the Thames and situated within one of West London’s prime property areas.

The office is situated on the ground floor with basement storage area and is circa 400 square feet. The ground floor comprises front display office with desks with door to toilet facilities and kitchen with light storage, stairs down to very useful basement storage which is dry and well lit.

Rent is circa £11,000 per annum.

Business Hours:

Usual office hours are Monday – Friday: 8.30am – 5pm

Employees:

The business employs 1 full time staff member along with the vendor; and is ably supported by a trusted and reliable team of sub-contractors.

Support and Training:

The vendor is happy to provide support and training for a negotiated period.

Reason for Sale:

The vendor and his family have relocated a long way from London and are therefore unable to give the level of attention the business deserves.

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