NHBC Accredited Building Company For Sale

Business description

This very well established business has been successfully trading in the region for half a century. In that time the business has built up an enviable reputation within the industry it serves for providing building and maintenance services to a whole host of clients both within the public and private sector. Clients include County Councils, Colleges, Housing Associations, as well as a whole host of private sector companies and local architects including Property Developers, Hotels and Estates. This professional and experienced business provides a complete building service, offering high quality property and estate maintenance, repair and refurbishment services as well as new build projects, including house builds.

This company is on the approved contractor list for many organisations, both public and private, all of whom have substantial estates that require maintaining and improving. At present public sector works accounts for circa 25% of turnover with the remaining 75% coming from the private sector.

The business has experienced employees, an impressive reputation and equally impressive list of accreditations. All staff are committed to providing the high standards the owner expects and this ensures a consistent quality and professional service is provided.

Equipment:

As you would expect from a business of some 50 years standing the organisation has a comprehensive inventory of wholly owned plant and equipment. Equipment includes

• Fleet of 8 commercial vehicles (signwritten)
• Array of plant and equipment including scaffold, power tools, compressors, ladders, saws, drills etc.

The business also utilises Sage Accounting software.

Financial profile:
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 currently achieves turnover well in excess of circa £1 Million per annum with impressive and consistent profitability It has a strong order book. The business is an approved contractor to many sought after organisations in the region and has very strong relationships with many of them.

Please note this price excludes the Investment Portfolio, Freehold Properties and Cash at Bank as shown on the balance sheet.

Property information

Property:

Leasehold

Location:

The business operates from a leasehold site but it is being sold as a relocatable business.

Business Operation

Expansion potential:

The opportunities for continued success and growth are good. The company’s inclusion within approved tender lists for many organisations and the accreditations the business holds means it is always receiving invitations to tender for a broad range of construction projects. In addition to this the business is ideally positioned to get involved in property renovation and development themselves such is the skill sets it possesses.

Competition / Market:

This well established and reputable company has never felt the need to undertake any formal advertising or marketing strategy, most new business is generated from ongoing client requirements, tender invitations, repeat business and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation. As fully accredited members of NHBC, FMB and CHAS the business does enjoy exposure to many potential clients both public and private, through each organisations website and publications. There is opportunity to expand the business’s profile with a strategic sales and marketing programme should a new owner so require.

Reasons for selling:

The vendors wish to spend more time abroad to enjoy the fruit of their labours.

Trading hours:

Monday – Friday: 0800-1700.

Employees:

The two owners of the business work full time within it. The business also employs an Office Manager, a Part Time Accounts Clerk and circa 14 Tradesmen( 3 of which are Site Foremen) including bricklayers, joiners and plasterers. The business also has a pool of trustworthy and reliable sub contractors they can call upon to carry out various trades including electricians, roofers, window fitters, heating engineers and plumbers.

Other information

Support & training:

The current owners would be happy to provide full training and support at handover. And would be happy to stay on within the business for an agreed preiod on a part time basis should a new owner so require.

Relocatable:

This business can be relocated.