Efficient And Professional Plumbing & Heating Engineers For Sale

Business description

Efficient and Professional Plumbing & Heating Engineers for the Domestic Market

The successful plumbing & heating engineers has been established for over 50 years. Since inception it has gained an enviable reputation for quality of product and service. There is a large database of private clients who use the services of the company on a regular basis. The company also holds all relevant plumbing, gas, and oil licences required for trading.

The business specialises in plumbing and heating and offers a full turnkey solution to all jobs, both large and small. The services include all heating, plumbing and fixing required for any extensions, wet rooms, bathrooms, plus all other associated alteration work to an ever increasing approved contractor status.

A team of two skilled and experienced tradesmen, plus reliable self contract labour ensures that the business can handle the volume of work spread throughout the year.

This is a profitable company with a fine track record of growth and success. The business has shown itself to be resilient in the face of competition retaining and winning circa 45% of all quoted work. In the ever changing face of plumbing and energy management, there are huge opportunities for the company going forward. Both in domestic fitting and maintenance, plus all new energy forms such as solar energy which over the coming years will be at the forefront of the public minds, and due to the companies database of loyal customers the business is perfectly positioned to take full advantage of these opportunities.

The business is currently run from a bespoke built office and storage facility at the vendors home address this can under negotiation with the vendor, carry on being the HQ for the new owners or the business has the option of being fully re-locatable.

This is a superb opportunity to purchase a well established and growing business with high net adjusted profits of circa £65,000 per annum coupled with a quote retention rate of 45%. The business achieves the current turnover from a 5 day working week giving huge scope to the new owners to expand and increase the revenue.

Equipment:

Full plant list of hand tools and equipment, available on request.

1 x VW Transporter van 2004 registration
1 x Vauxhall Combo 1998

Customer Service:

The company has many loyal satisfied customers and does everything possible to enhance their excellent reputation and commitment to customers' needs. Customer care is focused on providing quality work as standard with first class installations, with free estimates and advice.

Key Strengths:

The strengths of this company include its expansive product knowledge, and its technical and fitting expertise. The business is a fully functional multifaceted operation working with gas and oil boiler systems to full fit of bathroom suites.

The business has a database of circa 1400 domestic customers who all regard the company as there family plumber, this gives the business high numbers of word of mouth recommendations and ongoing new orders.

The range of products supplied by this business offers the ultimate in quality, design flexibility, affordability and attention to detail coupled with customer after care gives the new owners a solid base on which to grow.

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.

Turnover circa £175,000 per annum
Gross Profit circa £90.000 per annum
Net profit circa £65,000 per annum.

Property information

Property:

Leasehold

Location:

The business is currently run from a bespoke built office and storage facility at the vendor’s home address. Under negotiation with the vendor this could, if required, continue as the HQ for the new owners. However, the business has the option of being fully re-locatable.

Business Operation

Expansion potential:

There are excellent opportunities to increase the levels of business, the business performs to a high standard and has earned wide-recognition for the level of services provided for its clients. It is considered that a new owner with fresh impetus and enthusiasm can further capitalise on the ever increasing opportunities made available to the company through its reputation.

Competition / Market:

Having been established over 50 years this business does little by way of advertising, enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, this is testimony to the excellent reputation this business has for its high quality product range, fitting and customer service. The business has recently upgraded there website which is already showing good results in procuring new customers.

Reasons for selling:

The business is offered to market at a time when the vendor can with confidence, hand the business to new owners who with enthusiasm and commitment can take the business to its next level.

Trading hours:

Monday – Friday: 8.00am to 4.30pm.

Employees:

The business is managed by the vendor with help from a fully qualified plumber and an administrator. Larger work involves sub-contract labour.

Other information

Support & training:

The vendor will offer to the new owners a full and comprehensive training and hand over program to facilitate a smooth transfer and continued growth of the company.

Relocatable:

This business can be relocated.