business for sale

Established, Family, Building Renovation & Maintenance Contractors Established for over 100 years

Businesses for Sale

Sale Memorandum

Established, Family, Building Renovation & Maintenance Contractors Established for over 100 years


Ref.GB036

Location London

Asking Price £240,000

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:

Member of the Federation of Master Builders
A trusted and respected reputation in the industry
Substantial number of annual maintenance contracts
Company Health & Safety/Compliance policy
Qualified and highly skilled workforce
Expertly equipped
Goodwill

Business profile:

Established for over 100 years this independent family run building contractor is well renowned and has traded successfully in the same location for 80 years. The Company specialises in providing professional construction services to architects and clients, providing renovation and maintenance building services with the bias on older properties in areas of historic significance such as town conservation zones. Great attention to detail is always given to the specific detailed and sensitive requirements of projects.

This approach, plus considerable management expertise has earned the Company an excellent name. The company provides full building project and maintenance services principally to quality properties and wealthy clients on a long and short term basis. The extensive client list reflects the Company’s main focus; to provide building solutions for organisations that must preserve the historic or structural integrity of any given building.

The Company understand that honest and robust working relationships at every stage of the build process, from initial client brief to the client’s vision and project management of all contractors involved, results in building to be proud of.

This Company has the skills to translate client’s requirements into reality and retains on staff many of the trades required on most projects. The standard of the build and design 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 hold a Construction Industry Scheme (CIS) certificate and works to British Standards approval. 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:

The company recognises the importance of safe working practices and procedures and complies with the requirements of the Health and Safety at Work Act.

Key Strengths:

The Company are main contractors for many major organisations with business sourced through direct recommendation from many satisfied clients. It is well placed to meet the growing demand for environmentally 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.

The Company has strong industrial awareness, with a proven track record in small works it is equally as comfortable with projects up to £100,000 in value. The company has an excellent financial footing which allows it to fulfil contracts and deliver them to the client within budget and perhaps more importantly on time.

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 that the large blue chip client base demands.
Premises:

The vendor owns the freehold of the property, which can be made available under separate negotiation. Should the freehold of the premises not be required our client proposes granting a new lease for the successful purchaser. Alternatively the Company is fully re-locatable.

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. The offices comprise of approximately 400sq ft area. The site is very secure with excellent signage and has the significant benefit of a large self-contained surfaced yard area of approximately 1,000 sq. ft. and a covered store area of another 1,000 sq. ft. The premises are well located for all transport links and benefits from private access.
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 £600,000 per annum.
Employees:

This professional very effective and efficient Company operates with a fully functional team of employees. The Director is responsible for the administration and is supported by three painters, two carpenters and two plasterers.
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:

After many years of successful trading and with no further family interest, the vendor now wishes 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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