business for sale

Scaffolding Hire & Roofing Contractor Turnover in excess of £1.6 Million per annum

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Sale Memorandum

Scaffolding Hire & Roofing Contractor
Turnover in excess of £1.6 Million per annum


Ref.GB023

Location North Yorkshire

Asking Price £600,000

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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Unique Selling Points
Reputation for reliability
Completely portable business offering Location
North Yorkshire
Asking price £600,000

Successful range of services
Sales of circa £ 500,000 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 business was formed in 1985 and has grown into one of the areas largest scaffolding companies. This has been achieved by giving customers the service, experience and expertise of the large national companies, but with the overheads of a smaller company, no job is considered too small or too large, the most important asset is the customer or potential customer.

This company is a dynamic, customer driven business and offers a professional reliable and efficient service to many industries. The business supplies and erects a range of scaffold alloy tubing and hires and sells access equipment and alloy tube throughout the area, all at very competitive prices.

Established twenty years ago by the current vendor the business has developed year on year into the excellent company that it is today, and gained an impressive reputation for its quality, service and safety.

The company benefits from the added advantage of a highly profitable sister company that specialises in supplying a professional roofing service with all types of work being undertaken. These two trades are ideally suited and work well together, complimenting each other and generating strong regular income showing consistent annual growth with plenty of regular work and on-going contracts.

The business has a workforce of around 16 qualified scaffolders’ and roofers who carry out the projects in a safe and organised manner. Scaffolding is erected for small to medium businesses in both commercial and industrial sectors. Contracts are carried out to customer’s exact requirements and are fully insured, giving customers complete peace of mind. The business prides itself on its level of expertise and ensures the customer is always satisfied.

Products and Services:

Scaffolding Equipment

Platforms, Rubbish Chutes, Scaffold Components, Scaffolding Towers, Electric Hoists

Scaffolding Work

Scaffold Hire, Scaffolding Supply, Temporary Structures

Health and Safety:

This Company takes health & safety very seriously both on their own premises and on the premises of their customers ensuring staff are aware of and implement current legislative requirements and best practice across the business. The Company is fully compliant with all relevant Health & Safety legislation and guidelines and are committed to three guiding principles:

•To create a safe working environment for all employees and customers
•To comply with local regulations wherever working
•To empower everyone to achieve the highest level of safety performance

Customer Service:

The company is successful and is totally dedicated to providing an unrivalled customer service and fast delivery of equipment to site.

Key Strengths:

This long established, well-respected business enjoys an excellent reputation within the industry and the wide variety of clients respect that it is cost effective, efficient and works well within time schedules to ensure contracts are completed. The geographical area covered by the company has minimal competition and a unique local economic climate with steady consistent growth.

The Company has achieved sound financial strength and growth and has held contracts with various companies for many years. Customers are treated to an efficient and courteous service, with a helpful and knowledgeable member of staff at every turn. This business has maintained an impressive base of satisfied repeat accounts and contracts with local authorities, specialist roofing companies, the food industry, hire centres plus many more and continues to attract new referrals.
Quality Assurance:

The Company owns vast stocks of scaffolding equipment, which is regularly maintained to an extremely high standard, prior to being dispatched to site, the quality of maintenance being second to none.
Premises:

The premises provide well-suited space for this business and offer the possibility for further expansion in the future. The directors own the freehold of the lease and propose granting a new lease for the successful purchaser.
Advertising and Marketing:

The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively. A large percentage of clients derive from recommendations and the business and has surpassed growth expectations bearing testimony to the excellent reputation the business has earned since inception.

Advertising has included yellow pages, trade awareness and public relations. The company does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium
Growth and Expansion:

There is potential to develop this company by increasing the advertising and strategically marketing the company. The sale of this business presents a rare opportunity to acquire a highly successful business that has been established from scratch by our clients and has genuine and demonstrable scope for substantial growth.

More aggressive tendering could increase the client base and also by increasing the current workforce the Company could expand its working geographical area. This company would best suit a new owner that has vision and determination as the foundations of this business have already been laid. Early viewing is essential to fully appreciate this company’s full potential.
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 business is highly profitable, financially stable and has shown consistent strong growth in profits. The current combined turnover for the two businesses is in excess of £1.6 Million per annum with a gross profit of circa £565,000 per annum. Full financial information is available, subject to the confidentiality letter being returned.
Employees:

The business currently employs two directors, six full time staff and 16 sub contractors.
Support and Training:

The owner is happy to provide full business familiarisation, training and handover for a period of time to be negotiated prior to the sale.
Reason for Sale:

Our client is planning semi-retirement.
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.

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