Plumbing And Heating Business In New Forest For Sale

Business description

Relocatable, third-generation, family-owned plumbing and heating maintenance contracting business operates principally within a 25 mile radius of Lyndhurst in the New Forest. Valuable public sector client base including local authorities, schools and recreation centres as well as hotels, offices and large residential properties. The business carries out annual maintainenance on approximately 220 boilers including those in properties owned by commercial and private landlords. Over 50% of revenues are generated from boiler servicing, 45% of turnover from general plumbing work with the supply and fitting new bathrooms, showers and wc's the remaining 5% . Annual turnover approx. £180,000.

Property information

Location:

LOCATION:
This relocatable, third-generation family-owned plumbing and heating maintenance contracting business operates within a 25 mile radius of Lyndhurst in the New Forest. The greatest concentration of customers lie within the area bordered by Bournemouth, Ringwood, Salisbury, Romsey, Southampton and Lymington. Within this area the business has for many years served a valuable public sector client base including Hampshire County Council and local authorities such as New Forest District and Totton Councils. Work is also regularly undertaken for schools and colleges, tennis, football and golf clubs, recreation centres, village and church halls, hotels, restaurants, pubs and offices. Additionally there are many large residential country properties included within its customer base.

BUSINESS:
This relocatable, third-generation family-owned plumbing and heating maintenance contracting business operates predominantly within a 25 mile radius of Lyndhurst in the New Forest. The New Forest area offers the buyer access to a valuable public sector client base including local authorities, schools and recreation centres as well as hotels and offices. Additionally there are many large residential properties among its customer base. The business carries out annual maintenance on approximately 220 boilers including 100 to 120 private and commercial landlords leading on to other valuable work at the customers' premises. No advertising is undertaken such is the strength and loyalty of the client base many of whom refer friends and colleagues to use their service. Over 50% of revenues are generated from boiler servicing, 25% from supply and fitting new bathrooms, showers and wc's with the remaining 25% of turnover from general plumbing work.

BUSINESS PREMISES:
(all sizes are approximate and should be considered 'nominal'.)

There are no premises. The vendor operates from home using two fully-owned storage containers for the storage of tools, equipment and fittings. A low rent is paid on a secure site where the containers are situated.
Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TRADE:
Accounts prepared by the Vendor's accountant which Adams and Co have inspected show turnover of £180,939 for the year ended 30 September 2011 with gross profits of £102,499 (57%). All figures exclude VAT.

STAFF:
The Vendor works full time in the business supported by his son who is a fully-qualified gas engineer, plumber and electrician. Both are happy to remain with the business after the sale.

STOCK:
The vendor informs us that the value of the stock varies between £10,000 and £15,000.

EQUIPMENT:
Pipe threading and cutting equipment; angle grinders; circular saws; hydraulic pressure test equipment; crimping tools; portable 110v lighting for on-site use; LIFF ultra violet disinfection (kills Legionnaires bug); cooling fans. 1 x 40' Container; 1 x 20' container storage units. One
2009 and one 2005 Nissan Prima Star 1.9L SDi sign-written vans;1998 LDV for site clearance work; W-reg SEAT Inca 1.9 diesel panel van. Full service histories are available for all four vehicles.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs,

COMMENTS:
Here is a valuable opportunity for an expanding business to secure access to a profitable business with a valuable client base of quality customers in a sought-after area of Hampshire. This may well also appeal to a larger concern looking to establish a presence in the South of England.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.