business for sale

Ready Mixed Concrete

Businesses for Sale

Sale Memorandum

Ready Mixed Concrete


Ref.ET003

Location West MIdlands

Asking Price £950,000

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:


Substantial leased property
Development opportunity
Superb regional centre location
Successful range of product mixes
Sales of circa £500,000 per annum
Long and short term return custom
Several years of successful trading
Un patented technical know-how
Trusted and respected name
Excellent opportunity to grow
Unique offering in the region
Excellent profit margins
Established customer base
Training and handover
Very High Profits
Computer system
Significant Goodwill
1 acre site

Business profile:

This business was founded three years ago by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and flexibility of its products, delivery and added value service.

The business enjoys a spacious, prime regional location in one of the most busy west midlands areas and benefits from a unique position within the extensive network of main road arteries, providing an unparalleled ability to access with ease, every part of its regional delivery area.

The vendor has been involved in the business since its first days of trading and has developed a management and product delivery team that has grown the business rapidly and are able to offer considerable advice and information concerning all aspects trading in the region.

The premises comprises more than required aggregate storage for every possible product mix on a site that measures approximately 1 acre. With the exception of the business office and vehicle parking the premises offers significant opportunity for either growth of the current ready mixed concrete business or extension into other business operations consistent with the requirement for large industrial premises of this sort.

The business benefits further from extremely low lease costs and the length of time left available on its current lease being 8 years. This presents significant scope to grow and consolidate the business in the longer term prior to any new agreement.
The business is further supported by a consistent commitment to regional advertising which combined with clearly identified and attractively liveried vehicles responsible for growing and maintaining the high levels of custom the business enjoys.
The business has invested to a suitable degree in technology and has an up to date administration and accounting system. The business also benefits from a very small requirement for customer credit and essentially trades with payment made on delivery.
This is an excellent opportunity for those seeking an opportunity to invest in a successful business that has an in depth knowledge about their products and significant scope rapid business growth and income.

Customer Service
The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that custom.
Customers benefit mostly from this business’s ability to deliver exactly the amount of ready mixed concrete that any single customer requires with no waste and there fore maximum economic benefit to customers. Added to this is the business’s unique ability to vary concrete mixes on site and to transport the delivery from the vehicle to the point of use.

Key strengths
The business is an organisation where the vendor has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the relationship with the vendor.
The quality of the regional location cannot be overstated since its prominence guarantees access and the ability to reach any part of the delivery region with greatest ease.
The business is well established and very profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis. This is underpinned by this business’s ability to acquire new custom through its marketing methods and the unique ability of its vehicles to cut out waste, control cost and offer variety and delivery at the point of use.
The company has earned an outstanding reputation for its honesty, service, reliability and satisfying customer experience, excellent quality products and highly knowledgeable and experienced staff.
The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of higher margins at no loss to custom – a clear competitive advantage.
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
Administrative systems have been implemented to provide the required technology for a modern and efficient business.
Other technology is concerned with the business’s fleet of vehicles which offers the ability to vary mixes and control costs that provides the business with its significant competitive advantage.
Premises
The business is located in an easily accessible area in the West Midlands and operates from a circa 1 acre area including office, storage and vehicle parking; currently under utilised and offering massive scope for expansion and development
Advertising and marketing
The business has used extensive regional advertising and is proven in driving custom, which once in contact with the business results, to a high degree in a customer order. No less a part is played by the vehicle fleet and its clear and attractive livery serving as a call to action to custom and also on delivery qualifies the quality of the service..
Growth and Expansion
The current market for this business’s products is growing and is forecast in the near and longer term for further significant growth. Combined with the business’s ability to expand or extend operations comfortably means the business is well positioned to take maximum advantage of this growth as it occurs.
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 3 years of trading.
Sales revenue is circa £500,000 per annum and the vendor feels that with investment in vehicles and manpower and the expected increase in market demand the business could dramatically increase its revenues.
Employees
The business employs 1 managerial full time staff member and 2 part time staff, who together with the vendor are responsible for the 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 vendor’s 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

Next steps

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