A building services M&E maintenance business is for sale carrying out planned and response maintenance on term contracts typically of 3 years duration. It does maintenance only and no projects. It also manages the building utilities maintenance. It serves the commercial sector and mainly end-users who have multi-site operations. Sales are growing well based on existing customers, but the number of customers is low and the directors want to increase this. The forecast is £2.7M this year and its sustainable profitability is £0.25M per annum. The business has a good management team which will remain in place post sale, and is structured to handle a bigger organisation. The directors are satisfied a market for the company’s services is there but want to access it much faster and with greater customer diversity than it is getting on its own. To achieve this, a majority shareholding is offered to a buyer with whom there would be good synergies such as cross-selling. The total shareholding is valued at £0.75M premium to Net WorthYears established: 23
Employees: 22
Trading hours: 6 days
Property
FreeholdLocation
on an industrial estarte adjacent major trunk roadExpansion potential
Existing customers are already enabling the busines to grow at 20% per year, but the directors want to access a wider customer base and increase overall growth rate and they are convinced that their strong service will quickly displace competitors.Competition / Market
Its proprietary maintenance systems give it a competitive edge as it not only provides good engineers but also a strong maintenance management system which makes it easy for the client.Support & training
as requiredReasons for selling
willing to sell a majority shareholding to grow more quickly and to access cross-selling opportunities.This business for sale has a website
www.business-engineering.co.ukRelated documents
 summary3.1

Asking price:
£1,250,000
Sales revenue:
£2,700,000
Net profit:
£250,000