Established Plumbing Business And Contractors For Sale - Torquay, Devon, United Kingdom Advert Ref: DC2025
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Business description
HIGHLIGHTS:
• Highly profitable domestic plumbing and heating contractor – South Devon
• Premier Contractor status with leading national home emergency service
• Sales c £475,000 with 45% gross margin and six figure abridged profits
• High quality leasehold premises in prominent location
• Database of 5000+ customers
• Finance available (subject to status)
BUSINESS:
Established for 15 years, providing high quality, cost effective plumbing and heating services to a compact area of South Devon encompassing main TQ postcodes and a selection of others. CORGI and OFTEC registered and IPHE Registered Plumbing Company.
LOCATION:
Operating from high quality premises comprising offices and workshop/store with off-road parking for 5 vehicles in prominent location in Torquay covering Torbay, Totnes, Teignmouth, Dawlish, Newton Abbot and part of TQ13.
TENURE:
Leasehold
YEARS ESTABLISHED:
15 years
EMPLOYEES:
6 engineers and 3 part-time office staff. Currently owner managed by committed couple.
TRADING HOURS:
24 hour service offered 365 days of the year. Office hours Mon-Fri 8.00am to 5.00pm
SALES REVENUE:
Sales £476,285 in the year ended 28/2/08. 45% gross profit margin achieved.
NET PROFIT:
Very substantial abridged operating profits (in 6 figures). Detailed trading figures will be made available to approved applicants following signature of a confidentiality agreement.
LEASE TERMS:
New lease available, subject to negotiation. Projected annual rental £13,850 to include water, heating and lighting.
OPPORTUNITIES:
This is seen as a rare opportunity to generate a substantial return on capital in a sector robust in all economic conditions given customers’ basic need to be dry and warm.
REASON FOR SALE:
To pursue other business interests
SUPPORT AND TRAINING:
The current management team offer an extended handover period if required and would be prepared to stay on until suitable replacements can be found.
LIVING ACCOMMODATION:
None
VIEWING:
FINANCE:
Finance is available (subject to status) through Agora Commercial Finance, independent commercial finance brokers
FULL PARTICULARS:
Please contact for full particulars
BUSINESS SECTOR/CATEGORY:
Services-Maintenance-Plumbers
GUIDE PRICE:
The vendors seek offers of £350,000 plus stock at valuation for the goodwill, fixtures, fittings and modern, low mileage, dealer serviced fleet of 6 vehicles
VALUE OF STOCK:
Vendors advise that the stock of parts and components has a value of c £17,000.
Property
Leasehold Financing available?
Finance available subject to status
• Highly profitable domestic plumbing and heating contractor – South Devon
• Premier Contractor status with leading national home emergency service
• Sales c £475,000 with 45% gross margin and six figure abridged profits
• High quality leasehold premises in prominent location
• Database of 5000+ customers
• Finance available (subject to status)
BUSINESS:
Established for 15 years, providing high quality, cost effective plumbing and heating services to a compact area of South Devon encompassing main TQ postcodes and a selection of others. CORGI and OFTEC registered and IPHE Registered Plumbing Company.
LOCATION:
Operating from high quality premises comprising offices and workshop/store with off-road parking for 5 vehicles in prominent location in Torquay covering Torbay, Totnes, Teignmouth, Dawlish, Newton Abbot and part of TQ13.
TENURE:
Leasehold
YEARS ESTABLISHED:
15 years
EMPLOYEES:
6 engineers and 3 part-time office staff. Currently owner managed by committed couple.
TRADING HOURS:
24 hour service offered 365 days of the year. Office hours Mon-Fri 8.00am to 5.00pm
SALES REVENUE:
Sales £476,285 in the year ended 28/2/08. 45% gross profit margin achieved.
NET PROFIT:
Very substantial abridged operating profits (in 6 figures). Detailed trading figures will be made available to approved applicants following signature of a confidentiality agreement.
LEASE TERMS:
New lease available, subject to negotiation. Projected annual rental £13,850 to include water, heating and lighting.
OPPORTUNITIES:
This is seen as a rare opportunity to generate a substantial return on capital in a sector robust in all economic conditions given customers’ basic need to be dry and warm.
REASON FOR SALE:
To pursue other business interests
SUPPORT AND TRAINING:
The current management team offer an extended handover period if required and would be prepared to stay on until suitable replacements can be found.
LIVING ACCOMMODATION:
None
VIEWING:
FINANCE:
Finance is available (subject to status) through Agora Commercial Finance, independent commercial finance brokers
FULL PARTICULARS:
Please contact for full particulars
BUSINESS SECTOR/CATEGORY:
Services-Maintenance-Plumbers
GUIDE PRICE:
The vendors seek offers of £350,000 plus stock at valuation for the goodwill, fixtures, fittings and modern, low mileage, dealer serviced fleet of 6 vehicles
VALUE OF STOCK:
Vendors advise that the stock of parts and components has a value of c £17,000.
Leasehold
Finance available subject to status
Financial Details
Asking price:
£350,000
Inventory value:
£17,000
£350,000
£17,000