business for sale

Roofing Contractors Sucessful Roofing Contractors Specialising in Slate and Tile Roofs

Businesses for Sale

Sale Memorandum

Roofing Contractors
Sucessful Roofing Contractors Specialising in Slate and Tile Roofs


Ref.GB061

Location Norfolk

Asking Price £ 350,000

Confidential offered for sale

Asking price includes:

Successful and professional range of services
Turnover of circa £531,000 per annum
Excellent opportunity to grow
Trusted and respected name
Excellent profit margins
Established Client Base
Training and handover
Rented Premises
Advertising
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This specialist profitable roofing contractor supplies a range of multifunction in-house new roofing services and roof refurbishment. The business specialises in metal tile, slate, tile and felt roofing and holds many accounts with major local developers for new domestic housing sites.

The business was established in 1992, following a restructure after more than one hundred and fifty years of trading. Since this time the business has gone from strength to strength providing roofing specifications that are undertaken by skilled operatives who supply quality roofing services plus refurbishment across various types of roof mediums, offering a complete ‘one stop’ service all from under one roof.

The business adapts a multi-disciplined approach and is versatile and adaptable allowing it to resolve tricky problems, and yet it is small enough to develop personal relationships with clients.

The business has high standards of quality, service and tidiness resulting in very few call-backs and generating profitable repeat business.

The company is extremely competitive and proud of the reputation they have built up within the industry, they only use top quality materials direct from sources that are carefully checked and selected. A large part of the work that is undertaken is now gained purely by referral.

This business provides the buyer with a perfect opportunity to purchase an established, profitable business for expansion or for a company presently that wishes to expand by obtaining a strong client base and employees that are trained to a high level of expertise.

Customer Service:

Unlike many competitors the business will not compromise on service to customers, or the quality of work on offer, there is little doubt that this has encouraged and sustained client confidence and loyalty. A qualified member of staff is always on hand to offer fantastic customer care and answer quickly and courteously any questions or problems that may arise. All employees and projects work to and are carried out to required industry standards of safety and quality.

Growth and Expansion:

Hiring an experienced Contract Manager to ensure the smooth operation of routine business matters could readily enhance further growth. The current market for this business's services is upward 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 and has a strong customer base to consolidate and expand. The business stays ahead of current and new legislation and are in a strong position to win new business.

Key Strengths:

This long established business has a large and stable client database. A one-stop shop willing to tackle all types of roofing repairs however small or however complex they are. The company can assess, diagnose and fully survey projects with a view to identifying problems or defects that may exist.

This profitable company has established itself as reliable and experienced and has the ability to act as main contractor and control other trades. Its dedication to high standards of honesty, integrity and expert workmanship by staff that is fully flexible by being prepared to work away from home has earned it an impressive reputation. In fact, this very competent, highly capable firm's expertise, knowledgeable personnel and expedient job completions are the reasons why its' base of satisfied customers is constantly growing.

Key Opportunities:

This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's products, combined with a capacity to increase operations and turnover, a new owner contributing fresh ideas and investment will have every advantage of building this excellent business into an even bigger cash earner.
Premises:

The business operates from a rented lock up yard on a short-term licence. Current annual rent is £5,000 with additional rates of £500.

Business Hours:

Monday – Friday 8.00 am – 4.30 pm
Advertising and Marketing:

Over the years the business has used various forms of advertising including the yellow pages, resulting in constructive improvement in sales. A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers.
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 531,000 with a gross profit of £123,000

The business is financially stable and has shown consistent strong growth in profits. Full financial information is available, subject to the confidentiality letter being returned
Employees:

The business employs a skilled team of eight self-employed subcontracted roofers who support the three owners with the businesses demands, supplying services to small, medium and large contracts for both industrial and domestic clients.
Support and Training

Full support and training will be provided to the successful purchaser if required.
Reason for Sale:

This is a genuine retirement sale.
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

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

[back to businesses for sale] [return to top]