Handyman Service and High-margin, High-end Property Refurbishment
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
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
Excellent supplier relationships
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.
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
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
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.
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
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).
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.
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.
Usual office hours are Monday – Friday: 8.30am – 5pm
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.
The vendor is happy to provide support and training for a negotiated period.
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.
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 email@example.comTurner Butler Disclosure Statement
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