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Established, Reputable & Profitable Paving Installation Business For Sale

Baldock, Hertfordshire, United Kingdom

Financials

Asking price: £90,000

Sales revenue: £200k < 500k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

 

Business description
Current status of sale INCLUDES:-
circa £50k of booked orders - contracts signed, deposits received
circa £30k+ of assests

The Company has been established since 2003 and successfully grown into a reputable, stable & profitable paving design and installation business for the domestic sector. The business has Marshalls Approved status and has won various installation awards over the years. Originally set up by the owner when he wanted to work for himself, the demand has grown over the years and so has this business.

Primary offerings:-
Landscape Design
Driveway Installation
Patio Installation
Decorative Walling
Fencing / Turfing (usually as part of bigger project)
Small amount of e-commerce via website (massive extra revenue potential here)

The reason for sale is simply that the current owner after 5 years of running this business wishes to slow down his pace of life. The business does not make this possible as it is absolutely booming!! It needs a purchaser that is an energetic and landscape/paving experienced individual or Company with strong entrepreneurial, organisation and management skills.

Currently we are a locally recognised business covering Herts, Beds, Bucks, Cambs & N London. There is no reason why the model and reputation of this established business couldn't be expanded nationwide by the right leader if so desired. However, this business is also a ready made package for a local experienced paving installer that wants to break free and be their own boss without the difficulty of starting from scratch. Or alternatively a local building or paving firm that wants to extend and expand their offering and take advantage of the assets and confirmed orders that come with this sale. We have created a business that outwardly is perceived as a large organisation giving our customers great faith and trust and supporting our reputation, but the fact is that we are a small firm with low overheads that is excellently supported by stable processes and documentation. Making us a professional organisation and a preffered choice installer.

An example of how well established this business is and why it is important that the successful buyer is energetic, is that we currently have over £50k of contracts with deposits paid to fulfill AND we are turning down or passing on approximately 10 to 15 quotation requests per week!!! Which is an absolute crime, but we just cannot keep up with demand. The business needs a leader that can at least keep up with existing demand and ideally have the the qualities to unleash the future growth potential.

Sale Basis:
The business is Ltd. The sale is ideally on a share transfer basis to include net assets.
A financial valuation has been carried out on the business by a chartered accountant based on ACTUAL year on year figures. This was placed at £75,000. (Financial value including assests)
The asking price of £120k ***NOW DROPPED TO £90k - WE MUST SELL*** is based on the following:-
Financial value (as mentioned above)
Profits Consistency
Current Order Book Value (circa £50k)
Potential growth
Number of daily enquiries and quote requests
Reputation and stability of business

Please note that we have not included photographs or links to web or documents due to the sensitive nature of this sale. Until we are under offer we do not wish to make the sale public knowledge. This is to ensure we continue to maintain a stable and secure environment to our employees and also our customers. We do not wish to cause any unnecessary unrest within the business.

Years established: 5

Employees: 2

Trading hours: Whatever the new owner wishes

Relocatable: This business can be relocated.


Location
Based from the owners home in Hertfordshire with a seperate yard on nearby farmers land where vans, plant & tools are kept. This business is easily transferable to be run from any home or office. The existing yard is rented out of contract with only 1 months notice preferred. Or the option to stay is feasible. Future location can be entirely decided by the new owner/s.

We have national and local supplier arrangements in place with exceptional credit ratings on 30 day account basis if needed. You never need hold any materials as all are delivered directly to site addresses anywhere in the Country.

Expansion potential
There is huge growth potential in this industry. With the sale comes additional revenue stream plans already identified and marked out which include areas such as e-commerce (our website is already structured to handle e-commerce). We will only discuss the plans with potential 'serious' buyers. However, I am certain that the successful purchaser will also have many of their own plans for this business.

Competition / Market
Well established with much work coming via recommendations. Regular marketing via local avenues ensures a stable presence within the sector. Many landscapers and paving installers can experience a down turn or sometimes periods of no work during Dec, Jan & Feb. This business since its first year trading has always had a minimum of 6 weeks lead time (based on a team of 3) and has never once had no contracts to fulfil. (even trying to take the 3 days off between Xmas & New Year gets tricky because of installation demand!!)

Support & training
A full business handover will be provided to the successful purchaser with further support and/or advice if required.

Reasons for selling
Semi-retirement


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