business for sale

Drainage Engineers providing services for Utility Companies, Commercial Companies and the General Pu

Businesses for Sale

Sale Memorandum

Drainage Engineers providing services for Utility Companies, Commercial Companies and the General Public


Ref.GC043

Location Cumbria

Asking Price £ 85,000

Confidential offered for sale

Asking price includes

Blue-chip client/customer base
Comprehensive range of equipment machinery and tools
Fully equipped sign-written van with all tools and equipment
Qualified and highly skilled technicians
Extensive investment in latest technology
Sales of circa £175,000 per annum
Complete Turnkey Operation
Excellent profit margins
Continued growth pattern
Training and handover
Excellent reputation
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:

This up and coming business services both the domestic and commercial marketplace and provides a professional cleaning, inspection and refurbishment service of drain, sewer and pipe-work systems. The business has a varied and expanding client base and already enjoys excellent levels of customer retention by providing a professional and reliable service to them. Clients include some very large commercial organisations as well as the general public. No job is too big or small!

All staff are highly trained and motivated and use the latest technical equipment available. All technicians wear company uniforms and are friendly and knowledgeable. In addition to the core drainage services the business provides small plumbing services to clients.

Damaged and blocked drains are bad news for most businesses, causing work to be stopped and raising health and safety issues. This drainage specialist has a wide range of solutions and specialized tools to assess the situation, and to clear, refurbish and maintain the drainage systems.

The liveried sign written van is fully equipped with modern, hi-tech high-pressure water jetting equipment, specialist tetting machines and cctv equipment to ensure the technician can diagnose the problem and provide a swift comprehensive solution to the customer with the minimum disruption. All work is carried out in accordance with current health and safety directives.

The core service of the business is dealing with blocked drains .The surveying of such drains for structural analysis is available, using a slim line camera close circuit television (CCTV), surveying and inspecting drains from 100 mm to 2 m in diameter for pre-adoption of drainage systems. Written reports and colour videotapes of drains permit accurate recognition and diagnosis of potential problems.

To avoid the need to excavate drains the business uses a drain lining repair technique that places a one piece fibre-glass pipe, which is impervious to root ingress, within the existing pipe. This technique also avoids the cost of a road dig if householder’s drains join sewers that are situated in the road.

Customer Service:

The engineers work to a disciplined procedure on every job. This involves a formal assessment as to how the task will be achieved, available in writing if required. A risk assessment will also cover the identification of all risks and tactics for avoidance. Signage and barriers will be used to cordon off working areas where applicable and personal protection equipment will be used if necessary.

The company will respond to emergency situations immediately. It understands the importance of this and prides itself on its speed of response. Client satisfaction is paramount and the company staff are fully committed to this.
Key Strengths:

Operating since 2004 the company has firmly established itself in the area and has a very impressive client list. This customer base will continue to grow with the company’s reputation as it provides high quality flexible services to clients quickly and competitively.

Quality Assurance:

The business understands the importance of quality of workmanship and is a member of the Drain Association. All working procedures comply with the environmental requirements laid down by the Health and Safety regulations.

Staff and technicians also follow a code of conduct that ensures customers receive a punctual service and prior notification of any delays. All technicians are courteous, work to ISO9001 standards, carry identification and are dressed in full company uniform.
Advertising and Marketing:

The distinctive sign written van acts as a mobile visual means of advertising. Additionally, a large part of company business is regularly obtained from word of mouth recommendations from existing satisfied clients.

Yellow pages, local press and occasional direct mailing methods are used to advertise and market this business. The company also maintains strong connections with national and regional drainage companies.

It is understood that additional marketing activity would greatly increase sales revenues

Clients:

The business offers a high quality, reliable service for all types of domestic and commercial customers including, local authorities, utility companies, schools, colleges, factories and retail outlets.
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 no borrowings, low overheads, positive cash flow. Sales are currently £175,000 per annum.
Management and Staff:

The owner is responsible for the day-to-day management of the business.

The team comprises of the owner and 2 part time staff. All of the technicians are fully trained, professional and experienced.
Support & Training:

The owners will fully assist the successful purchaser with the hand over and training.
Reason for Sale:

The current owner is planning to emigrate.
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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