Drainage Water Mains Repairs And CCTV Surveys Business For Sale

Business description

Established in 2001, this business specialises in non-highway drains and water mains repairs. The business carries out investigation work including underground CCTV surveys and uses pipe tracing equipment to source the problem. Solutions are provided via high pressure jetting, blockage clearance via electromagnetic machinery and drilling is achieved using a pneumatic mole.

The business specialises in blocked drains, high pressure jetting, no dig technology, CCTV surveys and root cutting, drains repaired, combined unit and gullies emptied and septic tanks, all insurance approved.


The business services Essex as well as parts of Cambridgeshire, Suffolk, Norfolk and Hertfordshire. Just over 50% of clients are private/domestic. The business benefits from its long standing relationship with a leading home insurance provider.These and many other jobs are approved and paid for by the insurance sector.

The business provides a 24/7 service. A fixed price policy is very popular and customers are highly appreciative in terms of knowing up front what the cost will be and that they will not be charged any ‘hidden extras.’

The team are very experienced in assessing the correct solutions to any problem. Top quality equipment is used to provide a high level of precision engineering and ensuring a competitive advantage.

The business has steadily invested and extended its capabilities in response to its clients' specific requirements and the growing demand for its services.

This business offers an excellent opportunity to any investor seeking to acquire a well established and successful business.

Equipment:

As well as the various machinery and cameras required to carry out all work, the business also owns six commercial vehicles, which are included in the sale.

Customer Service:

As an independent, the business prides itself on its friendly approach. Customers are informed at regularly intervals in terms of estimated time of arrival, probable causes of the problem and are given a precise figure that will be charged.

Key Strengths:

The business benefits from several regular clients. Housing Associations and maintenance companies are included in the list of commercial customers.The business has built up an excellent team of technicians and their expertise is considered highly important to the continued success of the business.

The business has invested regularly in the upgrading of equipment. The reliability and general quality of the equipment used by the business also ensures that work is carried out to a high standard.

The fixed pricing structure is an excellent policy that builds immediate trust and delivers high levels of customer satisfaction.

Financial Information:

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. Turnover is circa £481, 000, gross profit is circa £191,000 and net profit is circa £69,000.

Business Operation

Expansion potential:

There is unlimited potential for the business to take on more commercial work. Contracts with hospitality and retail chains would add value to the business. The management admit that most of their marketing has been targeted at the domestic market.

A permanent sales and marketing strategy should deliver an immediate increase in business.

Competition / Market:

The business uses Yellow Pages, Yell.com and BT Internet. The business distributes flyers regularly. The business uses advertising channels and sponsorship at football clubs.

Reasons for selling:

The current management believe this business has tremendous scope to upsize under the right direction, but feel that they have taken the business as far as they can.

Trading hours:

Monday – Friday: 7.30 am – 5.0 pm

Plus a 24 hour emergency call out.

Employees:

The business employs four engineers/technicians. One additional self-employed contractor is also regularly part of the current team.

Years established:

2001

Other information

Support & training:

All necessary training and a full handover are available to ensure continuity of trading.