Supply & Fitting of Flooring, Painting, Decorating, Interior Design & Soft Furnishing
Ref.GB012 Location Buckinghamshire Asking Price £2,200,000Confidential 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 | |
Turnover circa £1,500,000
Asking price includes
Sales of circa £1,500,000 pa
Established client base
Leading brands
Administration system
Excellent reputation
Interior Consultants
Close to booming development area
Unpatented technical know-how
Strong profit history
On-going growth pattern
Project Management
Domestic and commercial
Showroom and warehouse
Well-trained staff
Training and handover | Business profile: | This business was established in 1996 and is a specialist maintenance, painting and flooring contractor. The business also provides decoration and interior design services, as well as soft furnishings to its many clients including builders, commercial constructors, general public, local authorities and major international companies.
The business has built up an unrivalled reputation for expert service and high-quality products. Its dedicated staff are highly trained and experienced, with the business receiving National House-Building Council awards for excellent quality workmanship.
It provides a complete and total interior design solution, and a workforce with a wealth of experience, employing the very latest techniques. The experienced project managers ensure timely and within budget delivery, from commercial refits to broadband domestic design.
The business has achieved a distinct competitive advantage by being able to provide its clients with products and services, all produced by their in-house facilities. The premises are situated in an affluent area, within a short distance to road and rail links. The business’s excellent reputation and strong presence in the local industry has put it in an extremely advantageous position, in which to greatly profit from the surrounding area’s development boom.
The business has build up excellent relationships with its prestigious suppliers, acting as agents to some of the leading brands within the industry, including Scotchgard, Kosset, Prestigique, Dulux Trade, Forbo Nairn, Tuftbond, Altro, Nono and Goodacre.
The business administration system comprises of four networked computers running Microsoft and Sage software, with Internet access, a multi-line and extension telephone system and small switchboard unit.
Customer Service
•Staff communicate directly with clients
•Personal attention is paid to client’s individual needs
•Large product range, enabling prompt delivery
•Competitive prices and excellent value for money
•Excellent, high quality standard of work and service
Key strengths
•Well situated to profit from surrounding area expansion
•High repeat client base
•Large housing construction companies as clients
•Little competition in area
•Variety of services offered
•Excellent reputation for reliability, service and quality work.
Key opportunities
•Ideally located and central to largest area development in British Isle
•Opportunity to enter the refurbishment market
•Scope to offer additional services including electrical and data installation
•Opportunity to increases product range and include specialist lighting and shades
•Opportunity to diversify and target the relocating market
| Premises
The business is situated in an affluent area, close to roads and rail links, and operates from leasehold premises of circa 6,000 square feet, consisting of a warehouse, showroom and offices. There is further possibly for expansion.
The rent is currently circa £ 30,000 per annum, with a rateable value of circa £ 8,000 per annum. | <>Advertising and Marketing
The business has not advertised extensively in the past, and with most of its business as result of its excellent reputation and regular recommendations, there are excellent opportunities to advertise. The business utilises posters and has a compact, well-designed website that showcases the business’s past projects and services. | | | 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.
Full financial information is available, subject to the confidentiality letter being returned.
The current turnover is circa £1,400,000 per annum with a gross profit of circa £470,000. | Employees
The business employs an accounts manager, interior designer, financial controller, part-time Information Technology technician, warehouse operative and two painters/decorators. The business also employs the service of 20 highly trained sub-contractors. | | Reason for Sale
The owners wish to retire | | 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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