Specialist, Profitable, Roofing & Flooring Company
Ref.GB030 Location LiverpoolAsking Price £495,000Confidential 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 | |
Asking price includes:
Successful and professional range of services
Sales of circa £1.1 - 1.2Million per annum
Trusted and respected name
Excellent profit margins
Training and handover
Very skilled personnel
Clients across the UK
Leasehold premises
Goodwill | Business profile: | This specialist profitable roofing and flooring company supplies a range of multifunction in-house refurbishment services across the UK in mastic asphalt and other water proofing systems and holds many accounts with major clients, covering all types of roofing and flooring – mainly industrial and commercial.
Established in 1982 as a sole trader the business has been under the present ownership since inception, becoming a limited Company in 1997. The Company has gone from strength to strength providing roofing and flooring specifications that are undertaken by skilled operatives and who supply quality refurbishment all from under one roof.
Asphalt has been around for a long time and has been the most widely used product for many years. This Company has built a good reputation for providing an excellent service since commencement and has a first-rate and reliable workforce.
The business has been founded on technical expertise and total commitment to service and offers a complete surveying, estimating, contract management and maintenance service. With solutions in Mastic Asphalt, Built-up Felt, Single Ply, Metal Decking, and Sheeting & Cladding. The Company’s long experience has enabled it to develop a particular understanding of roof and floor refurbishment.
Mastic asphalt is the ultimate in protection for a wide range of construction applications. It is one of the world's most traditional construction materials and has continued to develop with the times, even in today's hi-tech building industry. Today's modern mastic asphalt is the finest material for flat roofs; decks and a whole range of building uses, in fact, any situation where waterproofing integrity is vital. Most mastic asphalt applications involve roofing, both new build and refurbishment and is a first choice for many architects, surveyors and building owners.
This company are 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. 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 callbacks and thus generating profitable repeat business.
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. The committed staff work very closely with all the main contractors, 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.
Clients:
The Company continues to successfully service many organizations, as a fully fledged roofing and flooring Company familiar with all types of commercial projects, the business has many major clients who include Main contractors, private companies, Council, and domestic companies totalling approximately fifty customers.
Key Strengths:
This long established business has a large and stable client database. The Company’s main strength is its staff that are dedicated and highly experienced with all the employees having worked for major companies and carried out vital works. 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.
Plant and Equipment:
Six Asphalt Mixers
Eight various company vehicles
Small hand tools
Two computers
Two printers/copiers
Photocopier
Approximately Six decks
Racking and shelving
Three tool boxes (metal cabinets)
Franking machine
Shreader
Fax machine
Filing cabinets
Bisley Cabinet
Desks, Safe and other office equipment
Technology:
The business has invested in a modern IT system that incorporates Windows XP, Microsoft Office XP and includes Access, Word, Excel and PowerPoint. A Sage accountancy and payroll software package is also used ensuring accounts information is always provided quickly and efficiently.
| Premises:
The premises are leasehold with five years remaining at a rent of £3,500 per annum, including service charge. The building comprises approximately 3,500 square feet of office and functional storage space, plus there are two yards of the same capacity giving a total space of circa 7,000 square feet. There is further potential for expansion in the future should this be required. There is ample parking available for staff and the premises are extremely conveniently located for motorway and major road access, giving great Company mobility. | <>Advertising and Marketing:
The business has used limited advertising in the past mainly by trade awareness and leaflets and brochures, an immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Services are marketed by the Company name being sign-written on the Company vehicles and by being honest, open and empathetic to customers. This has generated an excellent reputation and positive customer experience with referrals being the company’s prime marketing method.
The business for sale could benefit from having a professional website constructed, the domain name is already registered and with little investment could have excellent potential to increase turnover in the future. | Growth and Expansion:
The steady increase in the market sector and continuous demand for quality products offers great opportunity for this business. A new owner could develop a new management structure and contribute fresh ideas and outside influence to build on this excellent base. The business offers huge potential for expansion and scope to employ more staff. In fact, current work levels could be vastly improved, as the company is easily capable of doubling its turnover.
Hiring an experienced 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. | | 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 financially stable with high gross and high net profit, included in the sale are assets of circa £32,500. The current turnover is circa £1.1 - £1.2 Million per annum with a net profit of circa £125,000. | Employees:
The company employs a team of thirteen staff, which includes the vendors. Professional and steady the employees include one part time office clerk, three supervisors/spreaders, four spreaders, one labourer and two mixer men. | | Reason for Sale:
After many prosperous years in the business, the owner now feels tired and no longer has enthusiasm to take the company to the next level. The business comes fully operational and a new owner with drive and energy will carry this business forward. Our client is willing to assist a prospective buyer to settle in, with a hand over period to be negotiated as part of the sale agreement. | | 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 |
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