business for sale

Felt Roofing Business

Businesses for Sale

Sale Memorandum

Felt Roofing Business


Ref.GB048

Location Kent

Asking Price £275,000

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:

Reputation for reliability
Completely portable business offering
Successful range of services
Sales of circa £ 300,000 per annum
Several years of successful operations
Un patented technical know-how
Trusted and respected name
Excellent opportunity to grow
Excellent profit margins
Established customer base
Training and handover
Significant Goodwill

Business profile:

This family-run company was established in 1968, specializing in quality built-up felt roofing. With over thirty years of experience, the company knows all there is to know in this field of roofing and associated works, whether it’s traditional Built-up felt roofing, modern high performance systems, warm roof insulation, balcony & walkway tiles, decking repairs or replacement, PVC Fascia Boards or commercial or Domestic work.

This business provides the 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 employee expertise.

The staff of self employed roofers are highly skilled and have many years on-the-job experience, enabling the business to offer its clients a guaranteed range of services, at the highest levels of quality. The business is further 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 ‘old fashioned’ service maintaining the highest standards for fairness, honesty, superior workmanship and service. They are dedicated to conscientiously meet client expectations, to be a responsible employer and value-added provider of quality building solutions to all their loyal clients throughout the south east of England. The business is a member of the federation of master builders.

Equipment:

Computers are used for all accounts and clients, plus all associated tools for felt roofing, and three vans are included in the sale.

Customer Service:

The business recognises the disruptive nature of this type of work, therefore endeavour to keep any inconvenience down to a minimum and clear away all debris, leaving the property as clean and tidy as they found it for complete customer satisfaction.

The reputation of this business is superb, and all work and materials come with at least a five-year guarantee, which shows confidence in their workmanship and gives peace of mind to the customer.

Key Strengths:

The primary key strength is the specialist knowledge that comes with this business and staff. This experience adds further value to the business through cost controls in wastage and the speed of project completions; this has lead to a considerable reputation within the industry for honesty, reliability, value, expertise and speed.

The business is an autonomous organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor, this has resulted in customer relations founded on trading satisfaction.

Growth and Expansion:

The current market for this business’ services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. This will best be achieved by an owner with an understanding of the value of the business specialist expertise and its advantage as a component alongside other building services.
Location:

The business is located in an easily accessible area in Kent and does not require commercial premises.

Premises:

The business operates from a rented lock up yard based in Kent. The annual rent for the yard is £5,000 with additional rates at £500 per annum.

Business Hours:

Monday – Friday 8am – 6pm
Advertising and Marketing:

The business advertises in the Yellow Pages and the Thompson Local. It also benefits from a user friendly website, which is both easy to navigate and answers many frequently asked questions.
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 auspives of Turner Butler.

The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over its many years of trading.

Sales revenue is circa £300,000 per annum and the vendor feels that with investment in resources and the expected increase in market demand the business could dramatically increase its revenues.
Employees:

The business employees three self employed subcontracted roofers to assist the vendor
Support and Training

The current owner will provide all necessary training and all relevant contracts to allow continuity of trading.
Reason for Sale:

The business is for sale as a result of the vendors’ wish to follow other areas of interest.
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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