Commercial And Private Painters & Decorators For Sale

Business description

This is a well established comercial and private decorating firm that has been trading successfully since 1990. They have a good number of Blue Chip clients who use their services an a regular basis including, National house builders, local authorities, construction companies and social housing associations. They regularly have up to six months work in progress on their books working on retirement homes and vilaages, schools, hospitals and factories, primarily in the North East of England.

The company works with a good team of skilled and time served decorators. It is easy to run with low overheads as the owner operates from an office in his own home with a small lock-up to store the decorating equipment. They are members of CHAS, Construction Line and the Decorators Federation.

The business has a good name and reputation having won “Pride in work” and “Quality in work” awards in the last few years. They are highly competitive yet make regular profits each year, and have performed well during the recent recession.

This would make a perfect ”bolt-on” business for another company who are looking to either expand their own operation and immediately increase their database of customers. Or for a company who is looking to expand their services into the decorating sector of the market with a number of major contracts automatically in progress.

Key Strengths:

• Well established name and reputation – 20 years
• Award winning business
• Work in progress
• Secured contracts
• Blue Chip regular, repeat customers
• Team of skilled and time served decorators
• Profitable with low overheads
• Easy to run
• Easily 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 has a turnover of circa £600,000 per annum with Operating profits of circa £140,000 per annum.

Property information

Property:

Leasehold

Location:

The owner runs the business from an office in his own home with a small lock-up used for equipment storage. The lock-up rental is circa £200 per month with one months notice period. The business is easily re-locatable within the North East of England.

Other information

Expansion potential:

The owner now finds the business easy to run after 20 years in the industry and is comfortable with the amount of work that the company handles. They have work in progress of circa six months with other contracts in place which could last for another two years depending on the housing market. The company spends little on marketing apart from their website and does not actively search for new business at present. New owners with more hunger and desire and with new ideas would be able to secure extra business with a small amount of effort.

Support & training:

The owner would be happy to help with a smooth transfer of the business in any way possible.

Reasons for selling:

The owner wishes to emigrate.