Building Contractor With Property Rentals And Development Potential For Sale

Business description

HISTORY

• Business founded 50 years as a regional building firm
• Acquired by the vendor 12 years ago
• Good mix of commercial and personal customers nurtured over many years
• Superb local reputation with NHBC membership
• Staff carefully recruited and trained to appropriate industry standards
• Rental properties acquired by the company
• Plans drawn for possible redevelopment of existing head office site (subject to planning permission)

REASON FOR SALE

• Retirement

SERVICES

• Property maintenance and repairs
• Decorating
• General building work
o Internal
o External
• Extensions
• Paving
• Plastering
• Roofing
• Windows
• Doors
• Refurbishment work
• Full design and build service offered
• Company specialises in small to medium sized projects

CUSTOMERS

• Database of several hundred contacts
• Mix of commercial and domestic clients with 20%/80% split
• Commercial clients included letting agents
• Vast majority of customers located within Norfolk

STRENGTHS

• Excellent reputation forged over many years
• Splendid portfolio of work undertaken
• Website
• Dual income streams into the business from both rentals and traditional building work
• Excellent and consistent financial performance offering high earnings for the new owner
• Loyal, trained and capable workforce
• Extremely low overheads
• Customer base
• Range of building work undertaken is extensive








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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Freehold

Location:

• Business trades from offices and yard located close to Norwich city centre
• Ideally positioned near to large city and with good road access to other parts of the county
• Potential for planning permission on existing site
• Rental properties located in local “golden triangle” also with development potential

Premises details:

Office and Yard

• Site extend to approximately half an acre
• Secure yard with parking
• Outbuildings
• Office building
o Reception area
o 2 offices
o WC
o Kitchen

Rental Properties

• 2 terraced properties located in Norwich’s “golden triangle”

Equipment

• 2 flat bed trucks
• 2 vans
• Quantity of sundry tooling

Business Operation

Expansion potential:

• Development of existing head office site (subject to planning permission)
o Plans drawn for new head office and two industrial units
o Possibility of residential development
• Refurbishment of existing property portfolio to increase rental yield
• Business development activity has been limited with most work being generated through referral
• Web based marketing
• Introduction of additional services such as plumbing or electrical work

Employees:

• Vendor • 4 full time building and maintenance operatives • 2 part time office staff