Asking price: £1,250,000

Sales revenue: £1,400,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This unique and profitable business operates in a unique market place. It provides a high quality on-site paint spraying service specialising in the refurbishing and re-colouring of shop fronts, garage forecourts, showrooms, and architectural metalwork such as staircases, office partitions and the recoating of Plastisol coated surfaces of cladding of commercial and industrial properties.



What it does.

The majority of the contacts carried out by the company are supplied by shop fitting companies who lack the necessary expertise to carry out this kind of work. They also have a number of valuable contracts with large blue chip companies who have retained the company to travel right across the UK refurbishing their showrooms on an ongoing basis. Of major significance are two new contracts with International High Street Food Retailers who are intending to carry out an ongoing refurbishment programme across the UK. In total the operation has a valuable database of over six hundred customers.

Once an instruction is received an estimator is dispatched to carry out a comprehensive site visit. Pricing is carried out in house. Once the logistics have been agreed the team is sent out who mask up the building, abrade and spray the framework inside and out using portable high volume low pressure deliver units.

When established

The business was established in July 2000 by its present managing director who saw a gap in the market for this kind of operation. Demand for its services has been consistent and the volume of business has grown year on year ever since.

Location
The business is presently based in South Wales but it could easily be relocated to a location of the purchaser’s choice without interrupting the flow of business.

Expansion potential
Key strengths There are only three or four businesses operating in this market and as such gross margins are strong at 49%. The opportunity to grow the business still further is substantial. Opportunities; A massive developing market is the refurbishment of commercial and industrial units. Many of these were constructed with roofing materials and wall cladding that had a life span of thirty-five years. All of these buildings are now coming to the end of that cycle and over the next ten to fifteen years there will be significant demand for these to be refurbished and sprayed. The size of this national market is huge.

Competition / Market
Fifty percent of the company’s turnover comes from farming the existing customer base with the remaining fifty per cent coming in as a result of active canvassing activity. There is an in house sales department that follows up every lead.

Support & training
full and seamless handover period will be negotiated as part of the sales process

Reasons for selling
The founding director now wishes to retire and concentrate on his property portfolio.