GC094-Cornwall-£ 170,000-Independent Drain Cleaning&Repair Specialist

South West Devon & Cornwall, United Kingdom

GC094-Cornwall-£ 170,000-Independent Drain Cleaning&Repair Specialist

Asking Price:$268,366

Cash Flow:$94,717

Gross Revenue:$146,812

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1990

GC094-Cornwall-£ 170,000-Independent Drain Cleaning&Repair Specialist

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Business Description

Independent Drain Cleaning and Repair Specialist
Ref.GC094
Location South West Devon & Cornwall
Asking Price £ 170,000
Established for over twenty five years, this business has grown to become one of the leading drain cleaning and repair businesses in its area.

Very successful and profitable, this business covers all routine maintenance and emergency drainage work including surveys, drain relining, and remedial repairs – servicing a wide range of loyal customers in both the commercial and domestic sectors right across south east Devon and Cornwall. Turnover is split 80:20 between the two sectors in favour of domestic though the commercial sector is expanding rapidly as a result of the business’s fast growing relationships with Insurance companies and one of the UK’s fastest growing home emergency and home maintenance businesses.

This well run business is built on a foundation of quality practices and management procedures. Working to a proven successful pricing formula, every job is priced before work starts with regular and accurate communication with the customer throughout, ensuring a high level of customer confidence and satisfaction. Such is the business’s superb reputation backed up by good local marketing, this business has an excellent conversion rate amongst all of the jobs it is called out to look at. Rather than use a competitor, customers will frequently wait for this business to attend even if it can’t attend immediately.

Contributing no less to the success of this business is the heavy investment in technology it has made to ensure every effort is made to offer the very best service possible, having extended its capabilities in response to its clients' specific requirements, and the growing demand for its services. Each of the three vans this business has on the road are fully equipped with all of the specialist equipment expected of such a major player in this marketplace including on-board high pressure water jetters with other key plant including drain lining equipment also within its inventory. With very well trained operatives, skill levels are maintained at a very high level incorporating all the latest advances and procedures in drain cleaning and repairs.

With all the procedures and processes in place, the technology, an existing loyal customer base and a marketing programme to generate new business on an on-going basis, this is an easy to run business. It also represents an excellent acquisition opportunity for anyone looking for an established business within the drain cleaning and repair sector or an existing operator looking to extend their coverage into south west England.

Detailed Information

Facilities:
Established for over twenty five years, this business has grown to become one of the leading drain cleaning and repair businesses in its area. Very successful and profitable, this business covers all routine maintenance and emergency drainage work including surveys, drain relining, and remedial repairs – servicing a wide range of loyal customers in both the commercial and domestic sectors right across south east Devon and Cornwall. Turnover is split 80:20 between the two sectors in favour of domestic though the commercial sector is expanding rapidly as a result of the business’s fast growing relationships with Insurance companies and one of the UK’s fastest growing home emergency and home maintenance businesses. This well run business is built on a foundation of quality practices and management procedures. Working to a proven successful pricing formula, every job is priced before work starts with regular and accurate communication with the customer throughout, ensuring a high level of customer confidence and satisfaction. Such is the business’s superb reputation backed up by good local marketing, this business has an excellent conversion rate amongst all of the jobs it is called out to look at. Rather than use a competitor, customers will frequently wait for this business to attend even if it can’t attend immediately. Contributing no less to the success of this business is the heavy investment in technology it has made to ensure every effort is made to offer the very best service possible, having extended its capabilities in response to its clients' specific requirements, and the growing demand for its services. Each of the three vans this business has on the road are fully equipped with all of the specialist equipment expected of such a major player in this marketplace including on-board high pressure water jetters with other key plant including drain lining equipment also within its inventory. With very well trained operatives, skill levels are maintained at a very high level incorporating all the latest advances and procedures in drain cleaning and repairs. With all the procedures and processes in place, the technology, an existing loyal customer base and a marketing programme to generate new business on an on-going basis, this is an easy to run business. It also represents an excellent acquisition opportunity for anyone looking for an established business within the drain cleaning and repair sector or an existing operator looking to extend their coverage into south west England.
Competition:
Having been established for over twenty five years, this business enjoys high levels of awareness and benefits further from an excellent web presence through a well designed, informative and easy to navigate web site. Further activity is in the form of local advertising and direct marketing initiatives to the existing customer base and a presence in Yellow Pages and Thomson’s. The business has also built a comprehensive customer database on which is logged every job – a powerful marketing tool for identifying potential planned maintenance leads, lapsed customers etc. Awareness of the business throughout its operating area is further maintained through a highly visible and distinctive corporate identity which is used through all of its customer communications but is perhaps most strikingly evident on its sign written vans. The business has also maintained a significant presence in local editions of the Yellow Pages and Thomson directories. The use of promotional merchandise including fridge magnets is also very effective however, word of mouth recommendation is by far its strongest form of marketing, testimony to the excellent regard and high esteem with which the business is held within the industry.
Growth & Expansion:
With a strong demand for the services of the business coupled with a capacity to increase turnover, a new owner contributing enthusiasm, outside influence, fresh ideas and investment in resources will have every opportunity of building on an excellent base. Currently working at or near to capacity with its current staffing resources, this business is frequently in the enviable position of turning down work, particularly during evenings and weekends. As a result, the business would have little or no difficulty in providing work for additional technicians, particularly if supported by additional marketing efforts aimed at Insurance companies or if it were to provide 24 hour emergency cover, for example.
Support & Training:
The current Owner will provide a full handover and whatever assistance is required to ensure a smooth transfer of the business to new Owners.
Reason for Selling:
Having been involved in the industry throughout his career and having run this b

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Reeta Verma

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Reeta Verma

Turner Butler

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