Plumbing & Water Utilities Contractor For Sale

Business description

Key Features

• Contractor to Major Utility Companies
• High level of repeat business and strong revenue growth
• Projected Turnover £1.5 Million year end Aug 07
• Gross Profit 60%+
• Adjusted Profit before Tax around £320K
• Excellent business model with robust systems
• Strong presence in SE and NW England
• Good Management Structure
• Vendors prepared to remain with business
• Strong Growth Potential

Business Profile

Founded in 2002 by the joint vendors, the business has achieved rapid growth to become a major approved sub contractor to the Utility sector. The business undertakes work from the water main in to the house, on behalf of major utility clients, which involves replacing pipework, resolving leaks and blockages and new connections. The business has excellent systems and management structure, is ISO9001 registered and already has significant immediate growth potential through existing business channels. The business currently has a small, but highly profitable emergency plumbing division dealing directly with the public, which also would present a purchaser with immediate growth potential.

The business has reached a point where growth is restricted by a family illness which constrains one of the vendor’s input into the business, and therefore the vendors feel the business’s growth potential can best be realised under new ownership. The vendors are prepared to remain with the business in management or consultancy roles on terms to be agreed.