business for sale

Established, Thriving, Professional, Commercial Building Contractor

Businesses for Sale

Sale Memorandum

Established, Thriving, Professional, Commercial Building Contractor


Ref.GB037

Location Leicestershire

Asking Price £650,000

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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Asking price includes:

A trusted and respected reputation in the industry
Substantial number of annual maintenance contracts
Company Health & Safety/Compliance policy
Qualified and highly skilled workforce
Substantial blue-chip client base
Sustained and steady growth
Leasehold to be negotiated
Licenses & accreditations
Expertly equipped
Goodwill

Business profile:

Established in 1987 this independent construction and building maintenance business is well renowned and has traded successfully building an enviable reputation for service over its 19 years of trading. The Company specialises in providing professional maintenance and construction services to institutional clients mainly housing association & councils, providing services relating to all aspects of day to day building maintenance. Great attention to detail is always given to the specific needs of every project.

This approach, plus considerable management expertise has earned the company an excellent name. The company provides full project and maintenance services principally to quality commercial and institutional clients on a long-term contract and repeat basis. The extensive client list reflects the Company’s main focus; to provide solutions for organisations that want to reflect their commitment to projects of high integrity.

The Company has undertaken a wide range of projects that range form small refurbishments to large scale maintenance & refurbishment and new build projects. It has an established record within the housing associations/residential, educational, primary health care and commercial sectors. The Company understands that honest and robust working relationships at every stage of the build process, from initial client brief to the project management of all contractors involved.

Since the first days of trading demand for this company’s excellent services have been in solid demand with barely a reduction in pace felt in all that time.

This Company has the skills to translate client’s requirements into robust positive long term solutions. The standard of the service is always the ultimate, to ensure maximum possible benefit for the customer, community and the environment at large.

Projects are secured through referral and negotiation and or competitive tender. The Company has a stable of reliable & highly professional sub contractors and the aim is to build on the reputation of providing a high quality product within budget and to deadline in order to service a precise and exacting market.
Quality Assurance:

The Company is approved by FENSA, with a team of Corgi qualified plumbers and fitters and Constructionline and works to NHBC standards. It is committed to a policy of Quality Assurance and provides a quality service and product to clients. The main objective is to provide all clients with an end product of the highest standard. The Company has developed its own quality system, which provides clients with the assurance that all services supplied will meet consistently high standards. Sites are supported from the head office, which is responsible for the administration of projects.


Health and Safety:

All materials and working practices used by the company are cleared by the Health and Safety Executive and always considers safety as a priority in the remedial treatment of all properties.


Key Strengths:

The Company is a main contractor for many major organisations with business sourced through direct recommendation from clients, specifiers or consultants. It is well placed to meet the growing demand for ecologically sound and managed projects. The company is quite diverse in the range of services provided and pride themselves on their commitment to projects and their ability to adapt to suit the customer’s exact needs.


A well-respected Company it operates in both the public and commercial sector. The company has an excellent reputation for project management, fast response, 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. This well-respected Company focuses on quality workmanship and value for money supported by a full guarantee on all work undertaken and can vouch for virtually no recalls on projects in 19 years of trading.
Premises:

The business is located in an easily accessible area in Leicestershire with its many key road transport arteries and operates from a purpose built building circa 7,500 square feet area including administrative offices, storage and facilities.

The site is very secure and has the significant benefit of a large self-contained surfaced yard to the rear and parking area for 4 cars at the front of the premises and 5 at the rear.

The premises add a significantly improved dimension to the day-to-day operations of this business. They are well appointed and impart exactly the same high professional qualities for which this business has become known.
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 £1,400,000 per annum. All vehicles are paid for and include 3x liveried vans and 2x tippers.
The business is financially stable with no borrowings, low overheads, positive cash flow, enjoys a strong order Book, high gross and high net profit and has shown consistent growth over 19 years trading.
Employees:

This professional very effective and efficient Company operates with a fully functional team of employees.

The business employs 19 people in total including:

2x Plumbers
2x Bricklayers
4x Labourers
5x Carpenters
2x Painters & Decorators
1x Ground worker
2x Administrative staff
1x P/T Accounts staff

who, with the Vendor are responsible for the day to day operations.
Support and Training:

The vendor is happy to provide a training period for a length of time to be negotiated prior to the sale.
Reason for Sale:

The business is for sale as result of the vendors’ wish to retire.
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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