Specialist Drilling and Cutting Company
Ref.ET010 Location Scotland Central BeltAsking Price £ 1,295,000Confidential offered for sale | |
Asking price includes:
Annual turnover of circa £1,000,000
Gross profit of circa £700,000
Factory fittings and equipment of circa £120,000
Superb reputation
Excellent location
Fully trained staff
Tremendous potential
On-going growth pattern
2 years of advanced orders
Training and handover | | 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: | The Business was established 17 years ago by the current owner. The company is run by the current vendor and his son, who is employed as the contracts manager. Between them they have over 25 years of experience. Supported by a professional, dedicated and loyal team of 21 personnel, the company has an excellent foundation and infastructure for further significant growth.
The business specialises in diamond drilling, concrete sawing, cutting and floor finishing services throughout the UK. The comprehensive range of services includes Diamond Core Drilling, Diamond Floor & Wall Sawing and Chasing, Specialist Wire Sawing, Crunching, Busting and Controlled Demolition, Hydro Cutting, Brokk Robolition and Floor Preparation inc. Shot Blasting, Grinding and Polishing.
Customer Service:
This business has expertise, highly skilled personnel and reliability. As well as its dedication to customer satisfaction, it has attracted and continues to attract new referrals and an extensive base of very satisfied clientele. As a plus, the key personnel are willing to continue with the company, promoting the growth and the success of the business.
The company combines large company experience with small company flexibility. It is particularly renowned for the quality and dependability of its pre-contract planning and problem solving capabilities.
Key Strengths:
• Very well established business providing high customer service levels
• High level of self sufficiency, giving competitive pricing and fast turnaround
• Enviable customer base
• Excellent operating margins
• Strong reputation among clients
• High repeat business
• Commitment to providing a quality service
• Excellent reputation with clients and suppliers
• Thorough and efficient service
• Solid client base
• Strong profit growth
• In depth knowledge of business
• Excellent reputation
• Recognized industry name
Key Opportunities:
The current owner has controlled the amount of work taken on by the company in recent years. The demand for this company’s service exceeds the current trading levels and with little effort, trading could easily be increased by at least 30%.
The business would benefit from further sales and marketing development, direct or otherwise. Already the preferred company of a few corporate clients with such a strong portfolio of work and excellent record of accomplishment to sell from, there is the potential of being able to develop links with other organisations; this will ultimately generate further business.
With a strong demand for services and capacity to increase turnover, a new owner would contribute fresh marketing ideas and outside influence to build on an excellent base. | | | Premises:
The Business currently trades from a modern, well appointed, single storey leasehold commercial property, with a current rent of £12,000 per annum plus rates of £3,600 per annum. It also has the benefit of CCTV and sufficient office space.
Business Hours:
The business operates from 8.00am to 5.00pm. | Advertising and Marketing:
To date, new work and the very healthy cash flow have been generated just from word of mouth recommendations - there has been little or no sales effort, little advertising, no brochures, and no use made of the company’s presence on the internet.
By using any of the above mediums, the business could dramatically increase its presence, turnover and bottom line. | | | 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, enjoying a Strong Order Book and high gross profits. Turnover last year was circa £1.1million, with a Gross Profit of circa £700,000. | Employees:
The Company has in place a sound management structure, which means that the business does not depend on the Owners involvement on a day-to-day basis.
The staffing consists of a Contract Manager, Operations Manager, several office staff with a further 14 staff working on site at any time. | Support and Training
Owner agrees to a reasonable transition period and is willing to offer his full support to the new owners, though the business has virtually been run under the management and guidance of the contracts manager. | Reason for Sale:
Having spent the last 17 years developing the business the owner now seeks a more leisurely lifestyle to enable him to spend large parts of the year at his second home in Spain. | | 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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