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Please quote reference B06102
Hilton Smythe is delighted to welcome to the market a Heating & Plumbing business, extremely highly rated, operating in and around Hampshire. The company was established over 20 years ago by our clients, who are now looking to semi-retire.
The business offers a broad range of heating and plumbing solutions, specialising in the installation of energy-efficient systems including air and ground source heat pumps, air conditioning, solar thermal, plumbing and heating services.
As registered Microgeneration Certification Scheme (MCS) and Trustmark installers, the business has growth potential as customers future-proof installed technology and by taking advantage of the Government led Renewable Heat Incentive (RHI) and Green Homes Grant Scheme (GHGS).
An element of the work includes new build domestic properties, usually large prestigious standalone builds with the whole heating, plumbing and waste water installation and Commercial refurbishments including heating and WC facilities.
Heating and boiler installation – Air and ground source heat pumps, gas and oil. The engineers safely complete both domestic and light commercial works including full installations, boiler changes, system upgrades, power flushing, landlord certification, boiler servicing and breakdowns.
Air conditioning – Installation in offices, workshops, comms rooms and domestic. Design and installation service and on-going maintenance contracts and breakdowns.
Bathroom installations - A complete design and fit service from simple replacements to complete transformation of any size bathroom which will include new showers/ shower cubicles, baths, sinks, sanitary ware and bath units to new flooring and wall tiling.
Maintenance, servicing and repairs for established customers, investigating any faults between our scheduled works.
Free advice service is offered prior to any installation to ensure the technology is the correct size, efficiency, and price for each customer.
The owners are mainly office based, running the business, preparing the quotations, office administration and accounts. As the owner has an F-Gas and OFTEC qualification, these would be required to support the remaining Engineers if these services were to continue.
A large customer base has been established mainly through recommendations, referrals and repeat customers made up from a mix of domestic and commercial. In 2020, the company has seen an increase in new domestic customers as some commercial customers have turned to working from home and domestic customers embarking on upgrading or replacing existing heating systems. Gradually the commercial and new build/extension work is returning, and more quotation requests are arriving than the company can currently cope with.
The sale is offered now due to the demand of the renewable technology aspect of their work and its potential growth which is currently not being maximised due to the current owner wishing to semi-retire. There is a great opportunity for a new owner to take on this strong growing business and continue its long-established reputation.
Gas Safe, F Gas, OFTEC, Napit, Trustmark and MCS Accredited.
Reasons to buy –
Fully equipped business.
Scope for expansion
The business is currently running from a home office in Hampshire and is relocatable. The catchment area is currently within 25 miles of Hampshire.
The business is currently being run from our clients home office. Fully relocatable.
The sale of the business also includes;
We are advised that the business is being sold on a Business Only basis.
The business is trading;
Monday - 08:00 – 17:00
Tuesday - 08:00 – 17:00
Wednesday - 08:00 – 17:00
Thursday - 08:00 – 17:00
Friday - 08:00 – 17:00
Saturday - Closed
Sunday - Closed
We are advised that the business is owner ran and managed, with 2 full time gas engineers and sub contractors when required.
We are advised as per the 2020 accounts, the business generated a turnover in the region of £425,000, with an adjusted net profit in the region of £102,000. Full financials can be made available upon further request.
Please quote reference B06102
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