Highly Profitable Niche Development Contractor to Public Sector For Sale

Business description

This well established and highly profitable Limited Company has been developed by its current owner to become the market leader in the local area, and secure major contracts with private and public sector clients including local councils, police authorities, schools, hospitals and housing associations, and over a broad range of projects. The business carries out a wide variety of projects and employs a workforce of fully skilled craftsmen amongst a loyal staff of more than 50 employees, to ensure a consistently high standard of work is delivered. Where required, the Company calls on its extensive network of sub-contractors for additional capacity or for any skills not held within the business. The workforce includes own in-house quantity surveyors and contracts managers.

Current sales mix shows predominately public sector work, with significant further development opportunities currently in the local area, and projects ranging from small, medium to larger sized contracts from £5,000 to £1m+, which include a high proportion of repeat business. The business shows year on year growth with improved profitability and is already tracking ahead of previous year, bucking the market trend.
The business has a strong succession plan in place to ensure continued growth and profitability in the future.

Property information

Property:

Freehold

Lease terms:

The business premises are sited in a key location well placed to service the client base in the local area, in freehold premises providing office space of approximately 3,000 sq. ft. and within easy reach of its current client base.
The present owner is looking to divest the premises as part of the sale, but may consider a sale with a lease-back agreement if required.

Location:

The current offices are located in Northampton, which is ideally situated for current clients, and for further outreach through excellent access to the country's motorway network via the M1 and M6, and A14 to the M11.

Other information

Expansion potential:

The one stop shop philosophy service offered by the business provides a unique opportunity to further grow the client base and contracts with blue chip clients; a strategic sales and marketing campaign would enhance and develop the future growth and profitability of the business. The Company would be of interest as growth potential to an existing business in the same sector or as an expansion opportunity for other businesses looking for entry level into this unique sector and to grow their skills base and take advantage of the high caliber client base which exists here.

Currently the business is regionally based but could, with a further geographical outreach, expand to other areas and grow the business further. It undertakes no sales or marketing activity, and is growing through word of mouth and repeat business.

With further careful investment in capacity, the Company can take further advantage of increase in demand, and is well placed to continue it’s partnership with local authorities in the area benefiting from EEC investment programme. The Company is also based in a Government designated growth area for housing development.

Competition / Market:

The Company undertakes bespoke work for local authorities, housing associations, hospitals, schools, giving a niche market position which suffers little from direct competition.

Support & training:

There is an excellent infrastructure in place with Quantity Surveyors, Contract Managers and in-house resources which would help to support any transition to new owners, as well as a strong succession plan to support the business throughout and following any transition period to new owners.

Reasons for selling:

The current Director is now looking for an exit policy in line with his planned retirement, but is willing to stay within the business for an agreed period to support new owners through a seamless transition and beyond, as necessary.

Trading hours:

Monday to Friday as necessary

Financing available:

We can introduce you to our financial partners if you require finance for this business

Furniture / Fixtures value:

£36,000 (included in the asking price)

Inventory / Stock value:

£13,000 (included in the asking price)

Related documents:

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• Please return completed Non Disclosure Agreement for further information on this business opportunity