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Commercial and Private Drain Cleaners

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Sale Memorandum

Commercial and Private Drain Cleaners


Ref.GC034

Location North Wales, Bangor

Asking Price £220,000

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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Asking price includes:

Use of modern technology
Quality control
Computerised administration system
Excellent reputation
Room for expansion
Commitment to quality and service
Precision workmanship
Unpatented technical know- how
Excellent growth opportunities
Training and handover

Business profile:

Established in 1986, this business established an instant reputation for client satisfaction and affordability and is first choice for septic tanks, sewerage treatment and drainage throughout Southern England, in both the residential and commercial sector. It specializes in drain repairs/renewals, specifying, installing and commissioning septic tanks, CTV surveys, HPW testing, no dig repairs, soakaways and installation of sewerage treatment plants.

The business is in the enviable position of being the largest drain business within the surrounding geographical area. It offers a professional job at affordable rates and staff are very experienced in accessing the correct solutions as per the client requirements. To ensure that a high level of precision engineering is carried out, only top quality equipment is used. Through the use of accurate equipment and expert management skills the business has gained the competitive advantage.

The company is highly experienced and offers a solution that will provide years of dependable service. Stringent regulations govern the installation of septic tanks, and there are several reasons why a septic tank may not be appropriate for the client's property. The business is able to give the best possible guidance that is needed to decide on what system is appropriate for each client.

This business offers an excellent opportunity to any investor seeking a business that has an excellent understanding of the market place and understands the high level of quality control and client satisfaction that needs to be carried out.

Equipment:

The business has invested extensively in technology and has ensured that only the finest plant and equipment is used. In order to assess the condition of a drain, an effective survey method is to use a small closed-circuit television (CCTV) camera probe. The camera is fed through the drain line underground and presents a detailed colour TV picture on the TV monitor. Other equipment includes 1 Van Pack, a Harven pump, and a medium volume injector.

Customer Service:

The company is committed to constantly developing the high standards of their services that they provide to their customers. The informative website explains the many specialist services in lay- man terms, and doesn’t ‘blind you with science’. This business is dedicated to providing both a personal and individual service to its clients. The company communicates well with its clients throughout the job, and ensures that they have a good understanding of each stage of the process.

The company has the highest of Health and Safety standards, and always ensures that the work site is left clean, tidy and most importantly – safe. Only quality materials are used with the correct specifications to ensure overall customer satisfaction.
Key Strengths:

The personal and friendly service this business provides to all its customers is it’s key strength. The business is highly committed to providing a quality service using only highly skilled and qualified staff. Its thorough and efficient service ensures regular customers and an excellent word of mouth reputation.

Growth and Expansion:

There is no reason why this long standing, well established business shouldn’t continue to grow. With investment into advertising and new energy injected by the new owner, it is anticipated that turnover could increase by at least 20%.

Key Opportunities:

This company presents an excellent opportunity to focus on advertising and commence Internet bookings. With an established already in place, the new owner would only need to concentrate in expanding this area to increase bookings and turnover.
Premises:

The business operates from leasehold yard premises in Bangor, which is rented from the council. The annual rent is approximately £2,080.

Business Hours:

Monday to Sunday (On Call)
Advertising and Marketing:

The business advertises its services through the yellow pages, the Phone Book and the use of the business's own user friendly, well designed website. The business has had an excellent response to the website, as it is informative and easy to follow.
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.

Turnover is circa £250,000 with a Gross profit exceeding £90,000 per annum.
Employees:

The business employs five highly qualified, loyal and dedicated Gully Tanking Machinists who support the current owner in the running of the business.
Reason for Sale:

The owner wishes to retire, he will assist with the handover and training.
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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