business for sale

Specialist Roofing Contractor

Businesses for Sale

Sale Memorandum


Ref.GB052

Location Northamptoshire

Asking Price 120,000

Confidential offered for sale

Asking price includes:

Turnover of approximately £360,000
Trusted and respected name
Established, loyal customer base
Excellent reputation for reliability
Completely portable business offering
Excellent pool of highly skilled tradesmen
Several years of successful operations
Un patented technical know-how
Excellent opportunity to grow
Training and handover
Significant 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:

Providing high quality, reliable bespoke roofing services this is an established firm run by skilled craftsmen. Formed in 1972 by the current owner who has extensive experience of handling large site projects as well as one off Special Projects this business specialises in slate roofing on works such as New site Builds, domestic and undertaking Special Projects from referrals from the English heritage council for the public sector and church buildings

Deliberately concentrating only on a geographical area within a 30 mile radius travel area of the base, the qualified and experienced workforce of this business has successfully completed numerous projects across Northamptonshire ,Lincolnshire, Cambridgeshire & Lecicestershire.

With its extensive experience and knowledge this business is one of the first to be included on the tender list of all the major contractors architects and blue chip developers operating within its local area, winning far more tenders than it loses. Committed to maintaining the business within easily manageable confines this business often turns down highly lucrative projects.

This business also has a strong track record in refurbishment, both domestic and commercial, and the development of both public and private buildings,

This business prides itself on its attention to detail and high quality workmanship, appreciating that each project is different and therefore needs to be managed as such. Providing management as well as the craftsmen , this business ensures that each and every project and every aspect of every project is completed to a very high standard.

Customer Service:

This business is a highly regarded and has gained a first class reputation for a consistently high standard of workmanship plus excellent customer service. The bespoke work undertaken by the expert personnel gives customers a reliable service with excellent quality. A high standard of response to projects received is a priority, delivering on time and adapting where necessary.

This Company is proud of its portfolio of customers, which has been achieved by concentrating wholly on producing the highest craftsmanship,This specialist business and has gained a reputation for a consistently high standard of work delivered and customer satisfaction.
Key Strengths:

Having a wealth of experience in the industry this business offers exceptional levels of service. Tried and tested, offering very competitive prices, it is one of the first on every tender list for the vast majority of the contractors and developers operating within its catchments area. With a very well established reputation this business benefits from significant word of mouth recommendation and in the few places it is not known is passed around from one Contracts Manager to the other.
Advertising and Marketing:

however a high proportion of the business's revenue arises from trade press activity strong word of mouth recommendation, bearing testimony to the excellent reputation this business has throughout the industry.
Financial profile:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

In recent years turnover has shown steady growth. Turnover in recent years was circa £360,000 with a net profit of almost £27,000 per annum. It is envisaged that results for the current financial year will yet again be on a par with previous years – a level at which the current owners are comfortable to manage.
Employees:

The two founding partners are responsible for the day-to-day management of the business.
In all, nine direct employees, most of whome hava had an a association from between 10 to 20 years with the business.
Reason for Sale:

The current owners of the business after many happy and successful years now wish to retire.

They will provide full business familiarisation, training and handover.
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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