Building Maintenance And Refurbishment Business In West Midlands For Sale

Business description

HISTORY

• The business was founded by the present vendors in 1991, since which time they have built up an enviable reputation for completing a good job at a fair price

REASON FOR SALE

• The business is only now being reluctantly offered for sale as one of the 2 vendors has ill health and now wishes to enjoy his retirement

PRODUCTS

• The business offers a national response maintenance business for both commercial and residential builders
• They cover all aspects from a small general repair to major refurbishments and upgrades
• They have experienced staff who are qualified in all the major trades although air conditioning, suspended ceilings, roofing and floor laying are all sub contracted to local tradesmen

CUSTOMERS

• Approx 60% of turnover is Government based around the armed forces
• 20% is with a major telecoms company
• 10% is shop fitting work
• 10% split with a number of smaller businesses

STRENGTHS

• Extremely well established business which has been trading for over 20 years
• Excellent customer reputation with a very high repeat and referral order rate
• Tremendous blue chip client base
• Forecast annual sales of circa £6.7 million, which should produce a reconstituted net profit in the region of £960,000 per annum




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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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

Leasehold

Location:

• The business is located in the heart of a popular town in the west of England

Premises details:

• In addition there is parking on site for circa 25 vehicles
• The premises are partially double glazed and also have a 3 camera CCTV system

Business Operation

Expansion potential:

This is clearly already a very successful business. It does however still offer excellent potential to increase both sales and profits by:
1. Having its own web site with details of the services on offer
2. Advertise in trade magazines
3. Employ more staff to carry out the work which is currently sub contracted, it is estimated that this work is worth circa £1m per annum
4. Utilise fully the facilities within the joinery shop
5. Employ more staff to carry out the work which is currently declined from the existing customer base

Trading hours:

• Monday to Friday 8am to 5pm

Employees:

57

Years established:

21