Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Profitable And Substantial Plumbing Heating Services Business For Sale

London, UK
Asking Price:
£2,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£1M - £5M
Cash Flow:
£650,000

Established 5 years ago as the result of a merger, this opportunity has rapidly developed into a very profitable plumbing and heating services business typically generating annual sales in excess of £2M.

Located in Essex and predominantly operating within the M25, the business provides the full range of plumbing and heating / air conditioning services either on a turnkey basis including design, or more often on a subcontract basis. Its quality of work has secured representation on preferred supplier lists, allows it to access larger contracts, often on prestigious London commercial developments. The blue chip nature of its client base would normally be reflective of a larger organisation.

Turnover in the current year is down slightly as a direct result of Covid-19 but is expected to return to levels in excess of £2M for the following year, with a positive outlook for growth, driven by a robust pipeline, the green agenda, the trend in smart technology applications and the focus on public sector projects as a way of stimulating the economy. Many of its longstanding clients are also growing, which affords further opportunities. While the performance of the business can vary by year according to the nature and size of the major contracts in each year, the business has averaged an adjusted EBITDA of c £650k over the last 6 year period.

Having developed a very successful and profitable business, the vendors believe that others are better equipped to take it through its next phase of growth but both are amenable to remaining with the business.

The guide price sought by the vendors for 100% of the shares of the company is £2.0M. The business will be sold on a debt free cash free balance sheet with a Net Asset Value at Completion expected to be c £750k. This opportunity would be an attractive bolt-on acquisition for larger trade buyers, would integrate into a broader M & E operation or would suit individuals seeking a robust standalone business in the heating and plumbing sector.

The business is being exclusively marketed by Morton Christie Ltd and enquiries should be directed to them in the first instance.

Property Information

Property:

Leasehold

Other Information

Relocatable:
This business can be relocated.

Contact Morton Christie Ltd

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here