Businesses for Sale

Asking price includes:

Turnover c. £490,000

Net profit c. £59,000

Net asset c. £100,000 (mainly cash at bank)

30 years established

Fully managed business

Very long standing customer relationships

Central London blue chip clientele

Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long time established business which provides commercial installation of boilers, installation of air conditioning systems and commercial water treatment applications.

Business profile

This company supply all heating and boiler maintenance for the commercial/industrial sector. They install and maintain commercial boilers, air conditioning and ventilation installations while maintaining and installing all types of commercial pumping equipment. In addition they are heavily involved in all types of water hygiene management contracts. They operate primarily across central London.

Customer Service

Customer service is paramount and this is borne out by very long standing relationships with a loyal and trusting customer base.

Key Strengths

 A fantastic cross section of commercial maintenance and installation services offered to a broad range of central London blue chip companies. Many are contracted, bringing over 25 years of historical repeat business. The year to date trading figures have improved significantly and this year’s profit will be higher than recorded in this sales memorandum.  

Financial Information

The goodwill in 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 c £490,000

Gross profit c. £139,000

Adjusted net profit c. £59,000

Asking Price

The Asking price of £279,000 is for 100% of the issued share capital of the company.

Assuming net assets of approximately £100,000 on completion (calculated on a zero

cash-zero debt basis).

Advertising and Marketing

 A zero spend

Premises

This fully relocatable business is currently run from a small office in Kent.

Employees

 There are no employees.

Support and Training

 The current owner would be happy to provide 3 months full support at handover.

Reason for Sale

Retirement

Next steps

 If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

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