Commercial Industrial And Domestic Builders General Building Company For Sale

Business description

Commercial, Industrial and Domestic Builders General building and refurbishment work

This construction company was established in 1992 and provides both general building and refurbishment work for commercial, industrial and domestic clients. The business provides a one stop solution for all construction, maintenance and decorating requirements.

The company has ongoing contracts with two of the largest maintenance contractors in the U.K.

The business undertakes a wide range of contracts including highway maintenance, office refurbishments, conversions, extensions, painting and decorating, drainage, carpentry, plumbing and electrical work. Many prestigious building, maintenance and decorating projects have been successfully completed on budget and on time.

Clients include Industry leading maintenance and building contractors, major banks and insurance companies, international corporations, local Authorities, Housing Associations, Shopping Centres and numerous commercial and residential developers.

The business is a member of The Federation of Master Builders and The Federation of Warranted Builders and are expecting to receive accreditation as a ‘Safe Contractor.’status in the very near future.

This business maintains an extensive, well-established repeat clientele base that appreciates fast, reliable response times, an expedient job completion and value. The constant growth of the company is down to the quality of work, punctuality, communication and politeness to the customers.

The business has a ‘never say no’ attitude and if necessary offers of work are outsourced to reliable sub-contractors. The owner has an enviable list of partners who are able to provide a comprehensive range of trades and skills.

A software package is used to provide fast and accurate quotes for prospective projects.

Very interestingly, the company has a policy that allows customers to pay only once work is completed, which has proven to be an excellent strategy for winning business time after time.

Equipment:

The sale of the business includes two commercial vehicles and various tooling and machinery.

Customer Service:

The business has an office that is manned at all times. Any issues are dealt with in a hurry. To ensure satisfaction and to help maintain excellent margins, work is always completed on time and payment is only requested upon completion.
Key Strengths:

Contracts with major engineering and maintenance groups provide profitable and regular work. These contracts are generally short term and are more lucrative for this type of business.

The business has a reputation for being able to handle any type of project and as a result is constantly asked to quote on a broad range of construction and maintenance projects.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is circa £993,000, gross profit is circa £381,000 and adjusted net profit is circa £220,000.

Business Operation

Expansion potential:

The business would benefit from a proactive sales approach. There is significant potential for this business by targeting more work via national contractors.

Competition / Market:

The business uses Yellow Pages and Thom sons. A poster campaign at Post Offices has been successful as has leaflet campaigns distributed via retail outlets. The business has a website that has been optimised by a specialist marketing agency. The website is featured on a number of specialist trade directories.

Reasons for selling:

The owner is looking to emigrate in the near future.

Trading hours:

Monday – Friday: Office hours are 9.00 am -5.00 pm.
Obviously some projects require early, late or weekend shifts.

Employees:

The business employs two staff and uses circa 10 self-employed-contractors on a regular basis.

Years established:

1992

Other information

Support & training:

All necessary training and a comprehensive handover are available to ensure continuity of trading.