Niche Builder For Sale

Business description

A building and decorating contractor based in Sussex is for sale due to retirement. Most of its business is of a repeat nature, and all of it derives from its reputation which means it achieves all its sales without any marketing support. It has a strong local market position which enables it to achieve margins and payment terms that are better than average. Its market position also enables it to win work with a low creditor risk and strong cash flow, which in turn means it has a very low working capital requirement. It serves a niche sector mainly within the domestic market with a strong emphasis on the restoration and refurbishment of older buildings. It is growing steadily and currently turns over £1.1M with a normalised net PBT in excess of £100K per annum after allowing full management costs. The Asking Price is £450K for a balance sheet which includes £200K of surplus cash. The owner-director who works part-time will withdraw following a suitable handover, but a day-to-day management team will remain in place

Property information

Property:

Leasehold

Lease terms:

flexible

Location:

centrally located to market

Other information

Expansion potential:

good potential to expand geographic coverage and sales

Competition / Market:

strong market position and reputation give it a clear lead over local competitors of which there are many

Support & training:

as required

Reasons for selling:

retirement

Trading hours:

standard

Financing available:

limited vendor financing