Asking price: £1,500,000

Sales revenue: £2,000,000

Net profit: £190,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This specialist roofing and building contractor business was established over 40 years years ago and specialises in all types of roofing and building work .

This represents an ideal opportunity to purchase a long established, profitable roofing business with an excellent reputation and strong order book and numerous opportunities for development and expansion.

The business carries out all aspects of roof repairs and new installations for all types of roof construction and has a record for top quality workmanship. The business has earned an impressive reputation for its high quality and reliable workmanship, prompt and efficient service and for meeting the deadlines of the client.

Based in Essex with the majority of work carried out in the Greater London area

Customer Service:

Customer service is the primary objective of this business, beginning with the people and the commitment to provide customers with a quality roof while exceeding expectations with a personal service.

The results of this commitment are evident in the degree of return custom and the high level of new business coming from referrals.

Key Strengths:
• a well established business with over 40 years of trading history
• an excellent reputation in the market place as one of the leading roofing companies
• an opportunity for growth as currently turning work away
• an impressive client base with an excellent retention record
• quality of workforce

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 is financially stable with a positive cash flow and enjoys a Strong repeat business.

The turnover for the financial year ending July 2009 is £2,000,000 generating gross profits of circa £350,000, with net profit of approx. £190.000 plus directors drawings

Work in hand for secured contract.£1,500,000

Full financial information is available, subject to the confidentiality letter being returned.

Employees: One of the owners works full time in the business with one full time employee who works as a contract manager plus reliable and regular subcontractors.

Trading hours: The business operates between 7am to 4.30pm from Monday to Friday

Property: Leasehold

Lease terms
The premises are leasehold at a rent of £18,000 per annum for a term of 20 years from October 2008.

Location
The premises are leasehold at a rent of £18,000 per annum for a term of 20 years from October 2008. The premises provide well-suited space for this business with further potential for expansion in the future. Located on a busy business park on main road near to M25. The business operates from a leased warehouse of approximately 160 square metres.

The trading estate has locked gates and a security guard to protect the site. There is ample parking available for staff and the premises have easy access to major road and motorway networks

Expansion potential
This is a rare opportunity to acquire a business that has never been on the market before and which has considerable opportunities and capacity for further growth. In particular, the business is ideally positioned to benefit from serving business that is currently turned away

Competition / Market
The owners are approved contractors. The business is so renowned that the owners never feel the need to advertise. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. The business has an informative website, which allows the user to find out details regarding the business and the range of services on offer.

Support & training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading and even the staff of this business will stay on.

Reasons for selling
After 40 prosperous years, the owner wishes to retire.