Established Plumbing Business And Contractors For Sale

Business description

HIGHLIGHTS:
• Highly profitable domestic plumbing and heating contractor – South Devon
• Premier Contractor status with leading national home emergency service
• Sales c £475,000 with 45% gross margin and six figure abridged profits
• High quality leasehold premises in prominent location
• Database of 5000+ customers
• Finance available (subject to status)

BUSINESS:
Established for 15 years, providing high quality, cost effective plumbing and heating services to a compact area of South Devon encompassing main TQ postcodes and a selection of others. CORGI and OFTEC registered and IPHE Registered Plumbing Company.

LOCATION:
Operating from high quality premises comprising offices and workshop/store with off-road parking for 5 vehicles in prominent location in Torquay covering Torbay, Totnes, Teignmouth, Dawlish, Newton Abbot and part of TQ13.

TENURE:
Leasehold

YEARS ESTABLISHED:
15 years

EMPLOYEES:
6 engineers and 3 part-time office staff. Currently owner managed by committed couple.

TRADING HOURS:
24 hour service offered 365 days of the year. Office hours Mon-Fri 8.00am to 5.00pm

SALES REVENUE:
Sales £476,285 in the year ended 28/2/08. 45% gross profit margin achieved.

NET PROFIT:
Very substantial abridged operating profits (in 6 figures). Detailed trading figures will be made available to approved applicants following signature of a confidentiality agreement.

LEASE TERMS:
New lease available, subject to negotiation. Projected annual rental £13,850 to include water, heating and lighting.

OPPORTUNITIES:
This is seen as a rare opportunity to generate a substantial return on capital in a sector robust in all economic conditions given customers’ basic need to be dry and warm.

REASON FOR SALE:
To pursue other business interests

SUPPORT AND TRAINING:
The current management team offer an extended handover period if required and would be prepared to stay on until suitable replacements can be found.

LIVING ACCOMMODATION:
None

VIEWING:

FINANCE:
Finance is available (subject to status) through Agora Commercial Finance, independent commercial finance brokers

FULL PARTICULARS:
Please contact for full particulars

BUSINESS SECTOR/CATEGORY:
Services-Maintenance-Plumbers

GUIDE PRICE:
The vendors seek offers of £350,000 plus stock at valuation for the goodwill, fixtures, fittings and modern, low mileage, dealer serviced fleet of 6 vehicles

VALUE OF STOCK:
Vendors advise that the stock of parts and components has a value of c £17,000.

Property information

Property:

Leasehold

Other information

Financing available:

Finance available subject to status

Inventory / Stock value:

£17,000 (included in the asking price)