Relocatable Family Run Plumbing And Heating Contractors For Sale

Business description

NORTH LINCOLNSHIRE
FAMILY RUN PLUMBING AND HEATING CONTRACTOR WITH WORCESTER BOSCH ACCREDITATION

• Established 41 years
• Gas Safe & OFTEC registered & APHC member
• Turnover £255,827 (2010)
• EBITDA averaging £75,000 per annum over the last 5 years
• Leasehold £189,950 + Stock at Valuation
• Reference: 1160 DN


Business summary

This consistently successful company has developed an excellent local reputation providing a full range of plumbing and heating related services, including work on oil and gas fired systems. Trading from the vendors’ homes in North Lincolnshire, customers are generally located within easy travelling distance, and comprise a mix of traditional domestic clientele, along with estate owners with several properties, the latter providing the bulk of the work in financial terms. Good relationships with manufacturers and suppliers, especially Worcester Bosch, where accreditation is held, allow a very wide range of products to be sourced and supplied to specific customer requirements.

Very much run as a family business, our client has enjoyed a successful trading history spanning the last 41 years. During this period, the business has generated significant and consistent profits. The customer base is well spread and the business benefits from well qualified staff. In financial terms the balance sheet is very strong, with a consistently high ebitda figure ensuring excellent earnings for a new buyer. Over the last 5 years, the ebitda has averaged over £75,000 annually.

Over many years the company has both consolidated its place within the market place and developed a number of new customers. Overall, the market for plumbing and heating services is inelastic with all equipment in situ requiring ongoing maintenance from time to time.

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 purchase would give access to mature repeat customer base, a company with solid financials and a reliable staff compliment. The business could also appeal to a rival firm, or alternatively, a trade based company operating within the wider industry, seeking additional market penetration and a broadening of services offered.

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DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Business Operation

Expansion potential:

The company is located close to very substantial markets in North East Lincolnshire, North Lincolnshire and South Yorkshire. As such, it is ideally placed to exploit opportunities that will invariably arise over the next few years. Marketing at present is limited with work generated through recommendation and referral. Focus on business development activity generally could easily increase the company’s share of this sizeable regional market.

Our client has concentrated on plumbing and heating work but there is considerable demand for bathroom refurbishments and installation. For a trade based buyer with expertise in other areas, such as electrical work or building, there would be scope to cross sell additional services into an affluent existing customer base.

The business could easily be extended beyond the immediate geographical boundaries, probably through taking on additional contract work initially.

Other information

Related documents:

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Home based:

This business can be run from home.

Relocatable:

This business can be relocated.