Groundwork Contractors In Essex For Sale

Business description

This business offers a broad range of groundwork services to the construction industry including foundation work, drainage, ponds, lakes and mud clearance, which are all regular projects. The business also specialises in barn conversions.

Established in 1994, this business has built up a strong reputation throughout the region. There is a real opportunity to build upon this reputation and genuine and demonstrable scope for substantial growth of the business.

Regular contract work is undertaken throughout Essex, Cambridgeshire, Suffolk, Hertfordshire, Bedfordshire and the outskirts of London.

A full construction service is provided for clients and the business has become particularly sought after and well renowned for the groundwork services that is provides.

The business benefits from strong cash flow and new contracts are won on a very regular basis. A reliable and strong team of contractors have worked with the business for long periods of time.

This business has great potential. The current owner operates the business to suit his lifestyle, however a more commercial management style would create new opportunities that are currently being awarded to competitors.

Equipment:

The business has a large range of plant and machinery which includes the following;

• One 14 ton digger
• One 6 ton diggers
• One 2 ton digger
• One 6 ton dumper
• One 3 ton dumper
• One 1 ton dumper
• Two road rollers
• Three breakers
• One 3.5 ton truck
• New transit van
• Four wheel drive pick up truck

Interestingly, the owner has invented several labour saving products that are used in the business.

Customer Service:

The business sub contracts a reliable, experienced team and has a reputation for completing all work quickly, efficiently and on time. The owner ensures all work is properly carried out with no cutting of corners. Getting the job done properly is seen as the motto of the company.

Key Strengths:

Reputation is everything in this sector. Following sixteen years of delivering a high quality service, the business is the contractor of choice for many developers and construction companies across several counties. In particular, the business has achieved an excellent reputation for providing foundation work for barn conversions.

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.

The business is financially stable and enjoys positive cash flow. Turnover is circa £642,000, gross profit is circa £300,000 and net profit is circa £68,000.

Property information

Location:

No property is included in this sale.

Business Operation

Expansion potential:

Generally the business runs to capacity with a full order book simply on the back of outstanding recommendations from previous work that has been undertaken and numerous referrals. ,However, a more commercial approach to the business including some advertising or a marketing strategy would undoubtedly create numerous new opportunities.
Additionally, the business could diversify and take on other construction projects to add to the regular groundwork contracts that the company is renowned for.

Competition / Market:

The business does have a website, but this would be more effective if marketed. The company is also featured in Yellow Pages

Reasons for selling:

The current owner is looking to retire after forty years in this sector.

Trading hours:

Monday – Friday: 7.00 am-4.00 pm

Employees:

No staff are employed, however there are ten contractors that are used on a regular basis to provide the labour needed to complete all projects.

Years established:

1994

Other information

Support & training:

Any necessary training and a comprehensive handover is available if required, to ensure continuity of trading.