Suspended Ceiling And Partitioning Company For Sale

Business description

This profitable operation has been trading since 1996 and has been established as Ltd Company since 2007. It represents a tremendous opportunity for an existing business in an associated trade to add on a very profitable arm to complement its list of services. It could also be highly attractive for a sole trader looking to acquire a well established and reputable operation in a relatively uncompetitive sector of the building industry.

Over the years it has built and maintained an enviable client bank of around twenty blue chip customers who provide a regular work flow. All business emanates from these clients who have regular requirements for the companies core skills of providing and installing permanent and de mountable partitions, fire lining services to columns, beams and internal structures, suspended ceilings, shelving and racking.

The business is run from the home of the founding director and only operates within a fifteen mile radius giving ample opportunity for growth. The business has well controlled overheads with the vast majority of supplies being delivered direct to site on the day of fulfillment.

Customer Service:

The business has enjoyed consistent success due to the policy of building excellent working relationships with key clients and making sure that every job is quality controlled, checked and signed off before invoicing. Availability of key staff has also played a major roll with client managers secure in the knowledge that they can get straight through to a decision maker at all times.

Key Strengths:

• Well established
• Superb Blue Chip Client Bank
• No borrowings
• Controlled overheads
• Very profitable
• Relocatable

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.

The business enjoys a turnover of circa £436,000 which reflects a profit before drawings of around £92,000. Shareholders’ funds are in the region of £56,000.

Property information

Location:

South Wales.The business trades from the private residence of the director and would need to be relocated.

Business Operation

Expansion potential:

The present management have maintained the business to a size that has suited their lifestyle. It would be a natural move for a new owner to expand this business outside its present geographical area of operation. Referrals and testimonials would be readily available from key clients. Given that these are predominantly well known Blue chip companies this would help greatly in creating new commercial opportunities across South Wales and beyond. Present negotiations indicate that 2010 will see a further significant growth in demand and the company is structured to handle incremental volumes of work.

Competition / Market:

The business would benefit from a fully optimised web site that would create additional levels of enquiries.

Reasons for selling:

After a long and successful career the managing director has decided to retire abroad. He is very keen to see the business continue to flourish and would however be very willing to facilitate a full handover for a period to be agreed as part of the sale process.

Employees:

The policy has always been to employ sub contractors on demand. The business has built up a portfolio of tried and trusted individuals known for good time keeping, quality workmanship and pragmatic pricing.

Years established:

1996