Specialist Building Contractors
Ref.GB047 Location YorkshireAsking Price £1,100,000Confidential 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 | |
Asking price includes:
Good network of contacts with an established blue chip client base
Last years turnover of £1 Million
2006 show 500k in first quarter trading
40% Net Profit
A trusted and respected reputation in the building industry
Substantial number of annual maintenance contracts
Huge opportunities and expansion capabilities
Qualified and highly skilled workforce
Unique customer/client base
Licenses & accreditations
Training and handover
Excellent trade name.
Client file
Goodwill | Business profile: | This approved contractor is well renowned and based in the North East. The business was established over 20 yrs ago and has traded successfully since inception.
The Company provide specialist building installation and call out maintenance, serving the Petrol industry, Convenience stores, Food services and commercial sectors.
The Company has the accolade as being the No 1 Contractor for one of the UK’s biggest names, which bears testimony to the quality of service and scope of works provided.
The company provides full building project and maintenance services principally to quality commercial blue chip clients on a long-term contract basis. Most of the maintenance carried out is of a response nature, and to efficiently cater for this there is a well-trained in house team and system in place. Many large and prestigious contracts are undertaken and they have a large order book and unexecuted quotations.
A well-respected building contractor the company operate in both the public and commercial sector and comprise a full management team and employed workforce. The company has an excellent reputation for project management, fast response, and attention to detail, customer care, end user focus and integrated approach. Significant repeat business is obtained from a loyal and satisfied client base and is continually growing. The business is virtually all repeat; this well-respected building company focuses on quality workmanship and value for money that the large blue chip client base demands.
This Business is in the enviable position where on a regular basis it actually turns work and tenders down, as such, it offers the investor a direct route to some of the UK’s biggest names.
This operation could be run as a separate turnkey project or incorporated into a larger structure.
Clients:
Working with a broad range of clients, across many differing sectors, this building company is top of the list when the need arises.
Customer Service:
Founded in 1984, this Building Contractors has established an enviable reputation for both the quality workmanship and the courtesy and professionalism of it's team of dedicated tradesmen, many of whom have been with the company for ten years and more.
Customer service is highly valued by this company. From the submission of a clear estimate or tender, through the scope of works contract, to completion and presentation of invoice, this company adheres to a strict code of conduct.
Value is placed on ensuring that contract work is fully and professionally completed within the specified and agreed period.
Working closely at all times with clients, this company offers a speedy response time to resolve any queries that may arise.
Key Strengths:
The business owner has, over time developed and nurtured client relationships successfully. This has resulted in customer relations founded on a history of trading satisfaction.
The business is well established and highly profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of high profile blue chip companies.
The company has earned an outstanding reputation for its professionalism, service, reliability and flexibility.
The business benefits from the expert skills of loyal and highly trained staff who have embraced the company culture of providing the highest quality service s. The success of the company owes much to enthusiasm and the willingness to take ownership of challenges, objectives and goals.
The company is quite diverse in the range of services provided and pride themselves on their ability to adapt to suit the customers exact requirements, with a proven track record in small works, including call out maintenance, it is equally as comfortable with larger million pound plus projects. The company has an excellent financial footing which allows it to finance the larger contracts and deliver them to the client within budget and perhaps more importantly on time
• Excellent staff with time served skill sets
• Well- established client base
• Clients provided with complete service
• Strong client relationships
• Unsurpassed value for money
• Provides independent professional advice
Key Opportunities:
The opportunities offered by this building company could be vast. At present, the geographical area served is limited to the North East area. Market penetration into the entire country and beyond could be possible.
The clientele served by the company are from within a specific sector, and mainly excludes domestic or “new work†contracts.
By targeting such markets, opportunities could be presented. Internet website advertising into an untapped market place could offer new opportunities.
Quality Assurance:
Quality comes high on the list of these businesses priorities; the mission of the business is to provide customers with the highest possible quality service, products supplied meet all relevant EU and UK legislation.
| | <>Advertising and Marketing:
This successful company does not use any formal advertising or marketing strategy, most new business is generated from client referrals and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation.
An immense opportunity exists to build on this unsurpassed reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, a direst sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative
Competition:
Competition has generally been of little concern to this company. As a specialist in its field, this company concentrates on continuous and regular cyclical contract work.
There is a random element of competition, resulting from Tender selection procedures, but this company considers the threat minimal. | | | 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 current turnover is circa £1 Million with a Net profit of circa £400,000. The current balance sheet stands at circa £300,000 that is not covered in the current sale price of the business.
Our clients feel that in the right hands with improved sales and marketing facilities the business could dramatically expand its operation. | Administration:
All administrative procedures hand written and a wealth of management information is available and maintained.
Personnel and Management:
The most important resource of any business is its people and this is reflected in the fact that all of the staff have been with the company long term.
The Company currently employ.Six full time tradesmen and as number of sub contractors workmen as and when required. | Support and Training:
The owner of this flourishing business will provide full training and ongoing support, as required, on all aspects of the business when the handover takes place and will ensure the successful purchaser is fully conversant with the operation of the business in order that it may continue to be successful and growth is achieved. | Reason for Sale:
A stage has been reached where the owner wishes to reduce his working hours and plan to retire within the near future | | 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 |
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