Asking price: £3,000,000

Sales revenue: £3,600,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to offer to the market this extremely well established and reputable commercial roofing contractors with excellent future potential.

Founded 20 years ago by our client the business is only now being reluctantly offered for sale as he wishes to retire.

The business, whilst located in Gloucestershire also covers the surrounding counties up to an approximate 100 mile radius of the premises.

They have an excellent reputation with high repeat and referral business with very minimal advertising undertaken.

The business is offered as a group, whilst predominantly roofing (82%) it also has an electrical side (8%) and an architectural side (10%), all percentages are for turnover.

The business employs nine office based staff including the vendor and sixteen manual staff, all full time. The company achieves an impressive group turnover of circa £3.6m.

At any one time, they normally have a forward order book of at least 4 months work.

Our client is prepared to work with purchaser for a period of time to ensure smooth transition and to effect the necessary introductions to staff and customers.
REF: 9153GL

The business is also available Leasehold at £2M
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:

Annual sales: £3.6M
Gross Profit: £700,000
Net Profit: £300,000

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

Trading hours: Mon-Fri: 7.30am – 5pm

Property: Freehold

Living accomodation
TENURE: Leasehold Original lease: 12 years Remaining lease: 12 years Review every: 3 years Rent: £60,000 P.A. We are advised that the annual business rates are currently: £5,000

Location
The business is ideally located with a highly prominent main road position on a major trading estate in Gloucester.

Gloucester itself is in the middle of a large regeneration programme which is transforming much of the city.

The premises are situated just off the A40 which is a feeder road to the M5 motorway at junction 11.

Nearby towns include Stroud, Cheltenham, Gloucester and Circencester.

Expansion potential
The business already has excellent sales and profits but still has good scope to increase both by: 1. Increasing the area covered and possibly having a satellite office 2. doing more specialised work including new roofing types 3. advertising in industry specific magazines – no advertising is carried out at moment

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