Asking price: £499,000

Sales revenue: £432,800

Net profit: £108,800

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales is delighted to have been instructed to offer to the market this well founded and highly profitable scaffolding erection and hire business, which has only been trading for the last 3 years.

The current vendor has been in constant ownership since its inception and is reluctantly selling due to semi retirement .

Our clients have achieved an enviable local reputation, scaffolding for the local council, local builders and roofers as well as facia suppliers and private house owners.

They have recently secured a job for English Heritage on a church, with promises of more work in the pipeline.

This is a highly motivated company with only one more major player in the area. This has been achieved by hard work and dedication to detail, customer satisfaction and consistency.

At this present time, there are between 150 – 180 jobs out with 15 – 20 jobs going up per day.

The rent paid for the substantial yard the company is based on, costs £14,040 per year, but out customers sub lease this to 3 other businesses who contribute a massive 92.7% of this, meaning that the business only has to find £1020 per annum to cover this overhead.

The company is CITB registered and is a CHAS approved business.

We are advised that stock at cost is approximately £300,000. This covers all the miles of different lengths of scaffolding steel, joints and various other scaffolding requirements including ‘builders’ plants of different lengths.

Vehicles and equipment include:
• 2 fork lifts on site
• 3 x vans
• 1 x 7.5 tonne recovery truck
• 4 x 7.5 tonne hydraulic back lorries
• 1 x 3.5 tonne Flat back lorry
• 1 x 7.5 tonne spare lorry

This would be and ideal business for:
1. An investor who would put in their own manager or promote one of the existing staff to this position
2. A growing scaffolding company outside the area wanting to expand
3. someone who has been in the scaffolding business for several years and has the ability to raise the finance to buy either as a co-operator or with investor backing

Due to ‘safety at work’ this business has been recession proof. It is no longer acceptable for a builder or decorator to do work at more than head height without scaffolding; this has led into a massive requirement for our client product and expertise.

Both our clients have voiced a willingness to help a new owner for a 3 month hand over period for a small consideration.
REF: 9345S

Employees: The business is staffed by the 2 owners full time and 8 full time employees, with 10 sub contractors (self employed) who are called on an as and when basis. The full time staff are dedicated to the job, hard working and knowledgeable, they are a major asset to the business.

Trading hours: 24 x 7

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 12 month rolling – other leases available Remaining lease: Review every: Rent: £270 per week We are advised that the annual business rates are currently: £2,000

Location
Our client’s highly successful scaffolding erection and hire business is situated in a large South Yorkshire town close to the M1 motorway, this gives them fantastic scope to do work in the surrounding areas of Sheffield, Barnsely Leeds, Halifax and towns fed by the M62 both East and West.

The area has always been one of the major powerhouses not only of Yorkshire but also the UK and will be so in the future, assuring the company’s phenomenal growth.

Expansion potential
With English Heritage now a major customer, this can only grow with the same dedication to detail given by its present owners. No effort has been given to tendering for work on motorways and dual carriageways, bridges or supporting cabling for electricity companies. This business has only just begun, but its future can be massive.

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