Southampton Handyman Services Business For Sale

Business description

This is a professionally-run and growing business providing handyman services to high quality homes, offices and increasingly to commercial and private landlords in Southampton, Winchester and surrounding areas. New kitchens and bathrooms are fitted as well as entire property renovations being undertaken. Services include plumbing, carpentry, electrical, plastering, tiling and decorating. Certain garden projects such as patios, paths and pruning are also undertaken. Work is carried out by employed staff. Turnover for the 12 months ended 30 June 2011 reached £217,313 with significant net profits. The Vendor now wishes to focus his energies in developing a new opportunity in a non-competing sector.

Property information

Property:

Leasehold

Location:

LOCATION:
The business currently trades from modern premises in a business park in Southampton. It operates on a monthly licence making it easy to relocate the business at very short notice with no exit penalties from the current premises if preferred.

BUSINESS:
This is a professionally-run and succesful business with a growing client base established 4 years ago. The business provides handyman services to high quality homes, offices and increasingly to commercial and private landlords in Southampton, Winchester and surrounding areas. Services include plumbing, carpentry, electrical, plastering, tiling and decorating. New kitchens and bathrooms are fitted and entire property renovations are also undertaken. Certain garden services such as patios, paths and pruning are also offered. Work is carried out by employed staff. Turnover for the 12 months ended 30 June 2011 reached £217,313 with significant net profits. The Vendor now wishes to focus his energies in developing a new opportunity in a non-competing sector.

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

The business currently trades from modern 40 sq metre ground floor premises on a business park in Southampton. It operates on a monthly licence which provides for easy relocation of the business if preferred at very short notice with no exit penalties.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TENURE:
The premises are secured on a monthly licence at a current annual rent of £10,000.

RATES:
The rateable value of the business premises is £4,200

NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:
Accounts inspected by Adams and Co show turnover for the year ended 31 March 2011 of £197,633. For the 12 month period ended 30 June 2011 sales recorded on the last 4 VAT returns show increased turnover of £217,313
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday to Friday 0800 to 1800
Saturday and Sunday Closed

STAFF:
The Vendor works full time in the business supported by a full time office manager and two qualified tradesmen working full time.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
The Vendor has decided to focus his full attention on a new venture in a non-competing sector creating an exciting opportunity for a new owner to build on the solid foundations laid down over the past 4 years.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.