business for sale

Maintenance Engineers to the Water

General & Maintenance Engineers to the Water Industry


Ref.IH007

Location Suffolk

Asking Price £450,000

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:
Top quality service provided to the highest levels
Firmly established company operating since 1985
Well trained, honest, loyal, long serving staff
Database of loyal, long term clients
Superb opportunity to grow
Complete turnkey operation
On-going growth pattern
Training and handover
Security System
Goodwill

Business profile:

Established in 1985, this highly successful water engineering and maintenance service company principally supplies its services to what is geographically the largest water company within England and Wales and which serves 2.6 million properties across East Anglia and the East Midlands to the domestic and trade markets. A professional company, it employs highly trained engineers and fitters who comply with all the current British Safety Standards, CITB training and the hard to find and up to date Confined Space Training qualifications including the use of breathing apparatus.

As well as this established client relationship this company boasts strong client relationships in many other areas of the water engineering industry in the region, some of whom from the earliest days of trading and who might also at some time, be direct suppliers to the region’s utility provider.

This company’s services cover the engineering maintenance of technical plant responsible for water resources, supply, treatment and distribution together with the treatment and disposal of sewage and industrial effluent.

With this region being one of the driest in the UK, demand for this company’s services has been high and since the privatisation process in the industry was begun the management and maintenance of this industry’s resources in minimising leakage and loss has been critical.

This business has been under the current ownership since inception and has grown from strength to strength, offering flexibility in taking on work that others businesses shy away from. The business pride themselves on offering a very high level of customer care and a first rate service to all clients and are able to offer a rapid response to any emergency. This service, quality and flexibility have been a key factor of this successful efficient and well-organised business, which gains a great deal of referrals from many satisfied customers.

This business has earned an excellent reputation over the past 20 years for its friendly and reliable service. Staff are tidy and ensure constant communication with clients whilst striving to meet their individual needs. The business has a strong emphasis on service and always exceeds client expectations due to their personal and professional service, giving the business a clear competitive advantage.

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.

Quality Control:

All services comply with British Safety Standards, CITB training and the hard to find and up to date Confined Space Training qualifications including the use of breathing apparatus, ensuring an end product of high quality, safety and security.

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 organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant on the job decision making from the vendor; this has resulted in customer relations founded on trading satisfaction.
Premises:

The business is easily re-locatable and the current premises, while excellently located are not available as part of this business sale.
Advertising and Marketing:

The business has used limited advertising in the past and an immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, trade shows, a website and leaflets & brochures. The business for sale benefits from a professionally designed website.
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.

A new owner could develop a new management structure and contribute fresh ideas and outside influence to build on this excellent base. The business offers huge potential for expansion, and scope to employ more staff with such demand that the business could easily be double the current size.
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 current turnover is circa £490,000 per annum and included in the sale are assets circa £90,000. Full financial information is available, subject to the confidentiality letter being returned.
Employees:

The company employs: 4 Fitters one of whom is an electrician, one a pipe engineer and another a turner, also one ancillary member of staff who together with the vendor are responsible for operations.
Support and Training:

Our client is happy to provide a full business familiarisation, training and handover period for the new owner.
Reason for Sale:

The vendor now wishes to retire and to put his energy into other business interests.
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

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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