Midlands Stonework Manufacturing Installation Servicing And Restoration Business For Sale

Business description

SPECIALIST MASONRY BUSINESS: MANUFACTURING, INSTALLING, SERVICING AND RESTORATION OF STONEWORKS
REF: 1261GL


HEADLINE SUMMARY


SOUTH MIDLANDS BASED.


MASONRY BUSINESS MANUFACTURING, INSTALLING AND SERVICING A DEALERSHIP NETWORK WITH HAND CRAFTED NATURAL STONE FIRE PLACES AND PROVIDING LONG TERM MAINTENANCE PROGRAMMES FOR FINE DRESSED ARCHITECTURAL STONEWORK THROUGHOUT THE UK.


• Established for 21 years

• Turnover £1,330,610 (2011)

• EBITDA circa £300,000 in current year

• Freehold site £3,400,000, including Shareholders’ Funds of approximately £600,000

• Reference: 1261GL

BUSINESS SUMMARY

This consistently successful masonry business has developed an excellent reputation for the supply of hand crafted natural stone fire places. A network of circa 130 dealerships, the majority of which are located in the south of the UK, order approx £450,000 of units a year, in addition sales of approx £50,000 per annum are generated from the general public who are local to the Company. It is estimated that the Company has about 25% of the market available.


The focus of the business is very much driven towards building client relationships for the long term and increasing awareness of the services available.

Trading from freehold premises located in the South Midlands area with good nearby motorway networks, the business is able to offer a full A to Z service with an extremely experienced workforce able to tackle the most intricate of jobs.

Our client has enjoyed a successful trading history spanning the last 21 years. During this period, the business has generated very significant and consistent profits year on year.

The customer base is extremely well spread and cash flow positive.

In financial terms the company is exceptionally strong, with a consistently high EBITDA figure which is this year expected to be in the region of £300,000, offering the prospect of excellent ongoing earnings for a new buyer.

The company has seen considerable growth in the recent decade with turnover now consistently in the region of £1.5 million annually.

Over the last 10 years in particular the company has both consolidated its position within the market place and developed a significant number of new customers. Overall, the market is good with many weaker competitors falling by the wayside.

The company would be an ideal purchase for a similarly sized or larger corporate with a good knowledge of the industry and with an acquisitive growth strategy. Such a move would give access to a company with solid financials, a reliable staff complement and an excellent customer base located throughout the UK.

The company trading name is well known and respected within the market place and could be an ideal bolt on for an existing business, possibly specialising in other areas of masonry work.

SCOPE AND POTENTIAL

Our client has expended a great deal of effort and energy in building a robust business model with a substantial repeat customer base. The company ethos has been very much to work with existing clients to ensure that staff deployments are maximized. There are still opportunities for further work with these existing customers.

In addition, the business would benefit from a more structured marketing approach which would release the current major principal from the more day to day tasks to concentrate on developing relationships with the many architects and country properties that could be targeted and are likely to deliver additional sales. In particular, it is felt that focus on the more technical and commercial roles is likely to be especially lucrative, especially given the high proportion of buildings which have been neglected due to the general cut backs within this arena.

A buyer could also consider the major financial benefits of integrating this business with an existing set up. This could generate significant cost savings. There is also some capacity within the existing site for additional staff or expansion should this be required.


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Property information

Property:

Freehold

Other information

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