Well Established, Domestic & Commercial Services Contractor
Ref.IF002 Location London, West LondonAsking Price £360,000Confidential 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 range of technical services
Sales of circa £ 590,000 per annum
21 years of successful operations
Excellent opportunity to grow
Trusted and respected name
Established customer base
Reputation for reliability
Excellent profit margins
Training and handover
Significant Goodwill | Business profile: | This specialist commercial and domestic services contracting business was founded in 1985 by the Vendor and is based in West London. It was originally set up as an electrical contracting business working for local authorities, schools, public-buildings and private customers; while maintaining this work, the company has grown and diversified into specialist supply and installation of quality bathrooms, kitchens and also specialist disabled installations and adaptations. The business has earned the reputation of providing quality services to both the Private and Public sector, operations extend throughout London and to other parts of the UK.
Working from discrete premises the company is managed by the vendor and has an experienced team of site personnel, handling projects from minor works to major contracts.
As part of its commitment to demonstrate control and improve quality of service, the company is a member of the Federation of Master Builders, Construction Line and NICEIC with all plumbers Corgi registered and qualified. Further to this the business engages in frequent distribution to customers for feed back forms, which it has collected for many years. Their content endorses the high regard in which this business is held and the high quality of this business’s services and products.
The business prides itself in supplying a service which:
• Uses only quality, fully qualified Tradesmen
• Is prompt and reliable
• Represents good value for money
• Is Fully Insured and guaranteed for your peace of mind
The full portfolio of services includes:
Electrics
The business has over 21 years experience in industrial, commercial and domestic electrical installation, repair and maintenance, with a track record of trust, built on performance.
Complete solutions for Electrical works include:
• New installations
• Rewiring
• Breakdown and Repairs
• Testing
• Inspection and Reports
Kitchens & Bathrooms
The business offers a complete Kitchen and Bathroom; design, supply and installation service at competitive prices, managing the whole process, from overseeing the delivery to commission of a customer’s complete Kitchen or Bathroom.
Heating & Plumbing
A full range of heating and plumbing services is offered and continuing commitment to quality ensures that whatever the job, large or small, it will be completed to the high standards customers have come to expect.
Services Include:
• General plumbing services
• Leaks, burst pipes, cylinders, showers
• Full heating systems
• Heating and boiler breakdown repairs
• Boiler exchanges
• Immersion heaters
• Bathroom suites replaced
• Replacement tanks
• Landlord’s safety certificates
• Power flushes
Disabled adaptations
The business has many years of experience in modifying buildings for less able and elderly clients, working with individuals, local authorities and commercial organizations in modifying homes, shops, restaurants and offices, taking pride in providing the highest quality and reliable service. The business aims to carry out works with the absolute minimum of disruption whilst maintaining very high standards and offer a service which is small enough to be personal yet large enough for the most demanding projects.
We offer the following services:
• Bathroom adaptations to wet floor walk in/wheelchair access, showers etc
• Access ramps
• Internal door widening
• Stair lifts, new and reconditioned (purchase or rental schemes available)
• Accommodation layout and design consultancy
• Kitchen upgrades
• Installation of handrails and handles
• Installation of all kinds of disabled equipment
This business provides the buyer with a perfect opportunity to buy an established, profitable business for expansion or a company presently in the business that wishes to expand by obtaining the businesses strong client base and employee expertise.
Staff are highly skilled and have many years on-the-job experience, enabling the business to offer its clients a guaranteed range of services, at the highest levels of quality. The business is further supported by long-term employment relationships with operational staff and stable partnerships with sub-contractors and clients.
The business prides itself on its products and services maintaining the highest standards for fairness, honesty, superior workmanship and service. They are dedicated to conscientiously meet client expectations, to be a responsible employer and value-added provider of quality building solutions to all their loyal clients throughout London and the south of England.
Customer Service
The business manages all client relationships through the vendor in the first instance and maintained by the project staff, on site. Clients are used to dealing with any member of staff on a project with any query or concern. This has enabled the business to add an extra dimension in client management, the benefit to the client illustrated in the immediate solving of project issues.
All employees and projects work to and are carried out to required industry standards of safety and quality.
Key strengths
The primary key strength is the specialist knowledge and expertise of the staff in their fulfilment of projects. This experience adds further value to the business through cost controls in wastage and the speed of project completions; this has lead to a considerable reputation within the industry for honesty, reliability, value, expertise and speed.
The business is an autonomous organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor on projects; this has resulted in customer relations founded on trading satisfaction.
Growth and Expansion
The current market for this business’s services is growing 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.
This will best be achieved by an owner with an understanding of the value of this business’s specialist expertise and the its advantage as a component alongside other building services.
Key opportunities
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase operations and turnover, a new owner contributing fresh ideas and investment will have every advantage of building on an excellent platform.
Technology
The business uses the usual tools of the trade and has a networked computer sytem for administration and accounts.
| Premises
The business is located in an easily accessible area in London and does not require commercial premises. | <>Advertising and marketing
The business has used little advertising in the past and a highest proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. | | | 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, high gross and high net profit and has shown consistent high growth over 21 years trading.
Sales revenue is circa £590,000 per annum with net profits circa £115,000 and the vendor feels that with investment in resources and the expected increase in market demand the business could dramatically increase its revenues. | Employees
The business currently employs 7x loyal sub contractors available on a project by project basis who together with the vendor are responsible for day to day operations. | Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | Reason for sale
The business is for sale as a result of the vendors’ wish to follow other areas of interest. | | 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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