Building Refurbishment and Construction Business For Sale

Business description

Key features:

- Established 35 years, management buyout by current vendors in 2000
- £16m of turnover, £1m profit
- Long standing client relationships and high level of repeat business from public sector
- High level of referrals from architects and specifiers
- Approved contractor to 80% of local authorities and 65% of housing associations within the M25
- Well defined management structure with many long serving employees
- Long standing relationships with a large number of subcontractors
- Vendors prepared to stay on under new owners for up to two years
- Freehold premises in good commercial area of West London

Business Profile

This building refurbishment and construction company has achieved consistent growth over several years. Most of its 30+ employees have been with the business for several years in addition to which it long standing relationships with numerous self employed sub contractors who work for the business on a regular basis.

The business undertakes refurbishment work on schools, social housing and hospitals as well as a number of new build programmes. It typically has 20 active contracts at any one time with refurbishments each averaging around £350k and new build around £1.25m.

The business has achieved consistent growth in turnover and profits. Turnover is estimated to be at least £17m for the year to 31 August 2007 and further growth is anticipated during the current year to 31 August 2008.

Government initiatives such as Decent Homes and a commitment to build an addition 3 million new homes allied to the build up to the 2012 London Olympics gives the prospect of increasing demand for building refurbishment and construction. The business has key strengths in estimating, tendering and delivering contracts on time and to budget through the experienced management of subcontractors thereby ensuring a high level of repeat business. The vendors that are prepared to remain in situ for up to two years post completion are supported by a strong management team thereby providing new owners with a strong base from which to deliver further growth.