Midlands Property Maintenance Company For Sale

Business description

This company has been trading for approximately seventeen years and is a well established and respected operator in its market sector. It has four main contracts with a national property services company who work exclusively for City Councils and a number of additional commercial relationships with housing associations. Contracts include ground works, brickwork, fencing and internal works, roof repairs, and void property services to bring the premises back to a standard fit for habitation. The business also carries out a large amount of work for a National chain of Childrens Nursery’s . Their success in this sector has been based on their ability to understand and work around the sensitivities and demands of the client and to operate in challenging surroundings during the normal working day of the nursery’s. They are also extremely active in the major loss market and act on behalf of insurance companies working closely with a number of loss adjusters. In addition they have their own division which supplies scaffolding equipment to their contracts thus negating the need to bring in outside sub contractors. This increases efficiency and profitability.


Equipment:

One seven and a half ton lorry
Two thirteen foot flat bed lorries
One tipper
Two closed vans
Substantial quantity of new scaffolding.


Customer Service:

The company has a rigid policy towards client care and job fulfilment. Every job has its own unique reference number. Photographs are taken before and after each project. A full audit trail is available including purchase orders, completion times and dates, job breakdown by item, process and invoicing. Such attention to detail has helped to build an enviable reputation and this is underpinned by regular Health and Safety audits carried out by CHAS which reviews and scores the company on its efficiency. These audits have consistently produced results in the top ten percent of the available bands.

Key Strengths:

Long-standing contractual relationships
Excellent management systems
Well-located secure premises
Strong management with good commercial connections
Profitable company
Controlled overheads

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 enjoys a turnover of around £2,300,000 with average profits before tax being circa £240,000.

Property information

Property:

Leasehold

Lease terms:

The present lease has three years left to run at an annual fee of £10,000 per annum.

Location:

The leasehold premises cover approximately a third of an acre. They are well situated and easily secured. The open plan offices are well appointed and have a small kitchen area and toilets. The present lease has three years left to run at an annual fee of £10,000 per annum.

Other information

Expansion potential:

There is as much work available as the company can cope with. Additional markets would include listed buildings, accoustic flooring and concrete works.

Support & training:

One of the directors will be prepared to stay with the business for a twelve-month handover period to ensure that the transition is seamless.

Reasons for selling:

The director and sole shareholder of the business has decided to take early retirement