business for sale

Freehold Roofing, Building and Maintenance Contractors

Businesses for Sale

Sale Memorandum

Freehold Roofing, Building and Maintenance Contractors


Ref.GB011

Location Sussex

Asking Price £735,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Turnover approaching £ 950,000

Asking price includes

Freehold premises
Established client base
Wide range of products and services
Unrivalled customer service
Excellent reputation
Unpatented technical know-how
Office furniture and equipment.
Large account clients
Strong growth pattern
All fixtures and fittings
Training and handover
Tremendous growth potential
Adjusted profit circa £120,000 p.a

Business profile:

This vastly profitable business supplies a wide range of building and maintenance services to its loyal and established client base, and to many have a long term contracted relationships with many of its clients as preferred provider

This business provides the first time buyer with a perfect opportunity to buy an established, profitable business for expansion or a company presently in the business that wishes to expand by obtaining the businesses strong client base and qualified employee's.

Staff are highly skilled and have many years on-the-job experience, enabling the business to offer its clients a compete range of services, at unsurpassed levels of quality.
The business uses a tried and tested methodology combing traditional craftsmanship and modern techniques, supported by long-term employment relationships with operational staff and stable partnerships with sub-contractors and clients.

The business prides itself on its products and services maintaining the highest standards for fairness, honesty, superior workmanship and service. They are dedicated to conscientiously serve as a contributing citizen, responsible employer and value-added provider of quality building solutions to all their loyal clients throughout the area.
Administration
The business’s administration needs are met by a network of five linked computers, with its efficient accounting system be run using the popular Sage Accounting software.

Clients
Since its formation over 20 years ago, the business has built up a varied and extensive client base. It currently has 25 clients, who ensure a stable revenue stream as well as an unusually profitable one.

Employees
The business employs a dedicated team of construction and administration staff. The construction staff complement consists of six painters, a bricklayer, plumber, plasterer, building assistant, five labourers and two roof tillers. The administration staff complement entails a contracts manager, estimators, bookkeeper and credit controller
Customer Service
•Good working relationships with clients
•Excellent quality products and service
•Delivery within time and budget
•Effective and efficiency client service

Key strengths
•Dedicated loyal workforce
•Excellent relationships with suppliers
•Wide range building work
•Large and lucrative client contracts
•Strong reputation

Key opportunities
•Vast scope to serve excess demand
•Opportunity to expand into further areas and services
Premises
The business operates from a modern office unit and yard of circa 2,500 square feet.
The premises is freehold and valued at £ 250,000
Advertising and Marketing
The business has only ever used two advertising resources in its long history, namely the Yellow Pages and Thompson Directory. Its envied and lucrative profitably and revenue growth is generated mainly from its excellent reputation and word of mouth recommendation; bearing testimony to the business's incredible standing within the industry and the unsurpassed standing it enjoys among both clients and competitors alike.

There is an immense opportunity to build on this brand name, and the use of further and more assertive marketing will greatly enhance the revenue stream and lead to large rewards. Methods including the local and national press, trade exhibitions, direct mail, leaflets, brochures and a telesales department will expose the business to an even greater market.

The development of an internet website would provide the business with both a portal to new prospective clients, showcasing the products and services on offer, as well as providing existing clients with further convenience in the form of online quotes or bookings.
Financial profile:
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, enjoys a strong order book, high gross and high net profit.

Sales revenue is circa £950,000 per annum, with a gross profit circa £225,000
Per annum.

The Freehold property has a value in excess of £250,000.
Reason for Sale
Owner wishes to retire

Owner support and trading
The owner is happy to assist with the hand over and the training.
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 & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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