Domestic Plumbing And Heating Engineers Business For Sale

Business description

Established in 1966 and at one stage with three retail outlets, this business is a leading provider of central heating services within its local area specialising in the domestic sector with the odd project arising from the commercial and industrial arenas. Twenty to thirty radiator, six and seven bedroom houses are the staple fare of this company.

Although this business carries out more than its fair share of bathroom and shower installations, as a CORGI registered gas installation company, with 5 registered engineers – and many more available on a sub contract basis, this company’s core business is the installation, servicing and maintenance of domestic central heating systems, with servicing generally limited to its own installations. It specializes in gas installations, boiler repairs and replacements and maintenance contracts as well as issuing Gas Safety Landlord Certificates within the surrounding catchment area. As well as some domestic wiring and the installation of wiring for its own projects this business has excellent relationships with sub-contract tilers and plasterers enabling it to manage the entire project on behalf of its customers. It is particularly renowned for its problem solving capabilities. Operating generally within the M25, most of its work is undertaken in an arc from Bromley in Kent through Reigate and Guildford in Surrey through to Fulham and Putney to the south and west of London.

With the company CORGI registered – as are all operatives, as well as being NICEIC registered, this business offers an efficient, friendly and professional service. Throughout its many years of operation this business has built a solid reputation within the industry for honesty and integrity, providing good customer service and high levels of customer satisfaction throughout.

Virtually all of the work this business undertakes arises from excellent referrals and recommendations from satisfied Clients, testimony to the excellent reputation this business has established throughout the many years of its operation. All staff are highly trained, vastly experienced with a wealth of product knowledge which ensures that jobs are consistently completed to the highest standards and with the minimum of disruption to the customer.

With turnover of approximately £468,000 and gross margins of 22%, and an extensive, solid, loyal customer base, this is an excellent opportunity to acquire a very well established business with good growth and expansion possibilities.











Key strengths:

This is a long established business with a loyal Client base, so much so that it is often called upon to replace worn out equipment it first installed some twenty years ago. It has an excellent reputation for reliability and integrity.

The key to the success of this business has been the hard work and dedication that the current owner has put in over the years to develop the company to its current position. Every project however large or small receives the same attention to detail. The business offers experience, value, quality parts and materials, all at very competitive rates. All engineering staff, whether office based or on site are able to offer safe and practical advice from the very first customer contact. Many of its extremely capable, highly trained and qualified engineers have been working with the same customers of this organisation for many years. With access to a good range of ancillary skills – plasterers, tilers etc, this business is able to manage the entire project from start to finish and to complete customer satisfaction.

Key opportunities:

There is great scope and opportunity to develop and expand this operation. A new owner with new ideas, drive and enthusiasm will have every advantage of building on an excellent platform.

This business has been extremely successful in the domestic sector and with smaller projects within the commercial and industrial sectors. There can be no doubt that by leveraging the considerable reputation this business has established for high quality service at a competitive price and by expanding its operations into this very lucrative sector of the market, where the value of an average invoice can be many times that currently charged, there would be a significant impact on turnover and profitability.

Although this business projects a very professional image to its customers, the current Owner feels there is room for improvement particularly in relation to the management of the company, where the introduction of tighter control of staff, administrative and financial systems would also improve the business’s performance.

With occasional periods when the business is not overly busy, the business could perhaps be a little more price competitive enabling it to improve on the proportion of jobs that it secures – particularly with such a large proportion of referrals it receives.

Customer Service:
This business operates a ‘Can do’ philosophy. It always has the capacity to respond, whenever required and whatever the problem, to get the job done efficiently and effectively.
Its experienced team are used to handling jobs large or small and can help with all aspects of Plumbing, Central Heating, Bathrooms, Showers & Maintenance. Offering free technical surveys and quotations, this business can assist and advise on the best central heating system to suit a customer’s needs

Property information

Location:

The business currently operates from retail style ground floor premises of approximately 400 square feet with additional storage of approximately 600 square feet to the rear. The upper floor to the building has previously been sold on a 125 year lease.

Whilst the building is in a prime secondary retail position the business does have some passing traffic.

The freehold, estimated to be in the region of £130,000 - £150,000 is included in the sale of the business at the current Asking Price.

Other information

Expansion potential:

There is great scope and opportunity to develop and expand this operation. A new owner with new ideas, drive and enthusiasm will have every advantage of building on an excellent platform.

This business has been extremely successful in the domestic sector and with smaller projects within the commercial and industrial sectors. There can be no doubt that by leveraging the considerable reputation this business has established for high quality service at a competitive price and by expanding its operations into this very lucrative sector of the market, where the value of an average invoice can be many times that currently charged, there would be a significant impact on turnover and profitability.

Although this business projects a very professional image to its customers, the current Owner feels there is room for improvement particularly in relation to the management of the company, where the introduction of tighter control of staff, administrative and financial systems would also improve the business’s performance.

With occasional periods when the business is not overly busy, the business could perhaps be a little more price competitive enabling it to improve on the proportion of jobs that it secures – particularly with such a large proportion of referrals it receives.

Competition / Market:

This business’s long trading history, its ‘can-do’ attitude coupled with its skill, experience and competitive pricing means that once a customer has been secured they return time and time again. As such it benefits from a high level of trade and consumer awareness and has little need for advertising, with all of its business arising from word of mouth recommendation and referrals.

Support & training:

The owner will assist fully with hand-over and support to ensure a smooth transfer of the business.

Reasons for selling:

After forty years in the industry, the owner wishes to return and pass the business over to new Owners to inject into it new blood, motivation and enthusiasm.