Leading Construction Company Specialising In Construction Maintenance Painting For Sale

Business description

Leading Construction Company Specialising in Construction, Maintenance, Painting & Decorating

This construction company was established over 20 years ago and has 3 distinct elements to the company giving a one stop solution for all construction, maintenance and decorating requirements.

The business undertakes a wide range of contracts including conversion of offices into flats, major school extensions and refurbishment including design and build, as well as undertaking reactive maintenance contracts and prestigious decorating projects.

Clients include a range of County and Local Authorities, Housing Associations, Plc’s, Shopping Centres, Police Authorities, Ministry of Defence, commercial and residential developers.

They have earned an exceptional reputation over the past 20 years for expertise in their field, having a wide selection of quality clients and offering a superior service, carried out by well-trained, efficient & experienced staff.

This business maintains an extensive, well-established repeat clientele base that appreciate 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 runs highly efficiently with Sage Accounting software and an invoicing software in place. This is an opportunity of acquiring a highly profitable business achieving turnover circa £2,000,000.

Key Strengths:

This is a very well established business providing high customer service levels, high level of self sufficiency giving competitive pricing and fast turnaround as required by the customers. All this leads to a top class reputation which speaks volumes for the business.

Key Opportunities:

This company has achieved an excellent reputation for quality and service with a recognised business name. The potential for growth is enormous, limited at present, purely by the small workforce. There is a lot of work and contracts which are not taken on due to the number of staff and a new owner would benefit from increased business by increasing their team.

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 turnover is circa £2 million per annum with gross profits circa £366,000 and Adjusted Net Profits circa £176,000 with assets circa £175,000.

Property information

Property:

Leasehold

Location:

A new lease will be offered with terms to be negotiated. The premises consist of offices with a yard.

Business Operation

Competition / Market:

The business does not carry out any active marketing activities, it obtains all its work through the internet and tenders, as well as word of mouth and recommendations.

Reasons for selling:

The owners wish to retire.

Trading hours:

The business opening times are Monday to Friday 7.30am to 5.00pm. There is also a 24 hour out of hour’s emergency cover.

Employees:

The business employs a total of 30 staff members, 6 of whom are office based and 24 technicians. The owners also work full time in the business.

Other information

Support & training:

The Owners will fully assist with hand over and training.