GD113-Cornwall-£85,000-Renowned Heating & Plumbing Company

Cornwall, United Kingdom (Relocatable)

GD113-Cornwall-£85,000-Renowned Heating & Plumbing Company

Asking Price:$122,739

Cash Flow:$72,199

Gross Revenue:$482,295

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1980

GD113-Cornwall-£85,000-Renowned Heating & Plumbing Company

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Business Description

Well Established and Locally Renowned Heating & Plumbing Company
Commercial Sector
Ref. GD113
Location : Cornwall Relocatable
Asking Price : £85,000
This established plumbing and heating business was set up the vendor more than 36 years ago and in that time has established itself as a leading provider of heating and plumbing services along with more specialised works relating to renewables installations such as heat pumps etc. Services are provided within a circa 50 mile radius from the vendor’s management office and used by local builders, sports clubs and retirement homes as well as occasional private construction projects.

The company has grown year on year and has re-invested profits back into the business in manner that it now has excellent financial stability with no debt and good trading prospects.

The company has been awarded many high quality projects over the years and enjoys an excellent relationship with many of the commercial clients. The company holds approved supplier status with some local construction companies that guarantees ongoing project opportunities both large or small, new build or maintenance. The business enjoys several framework agreements spanning several years with a number of other bodies such as sports clubs and retirement homes. This ensures ongoing revenue for the business.

The business has very skilled and trustworthy sub-contractors, an impressive reputation and equally impressive Health & Safety record. All staff are committed to providing the high standards the owner expects. Consistent quality and a professional service is provided with projects being completed on time and within budget- a pre-requisite for many of the renewables works that it undertakes. The business holds “Approved Contractor” status with several key organisations in the area.

Detailed Information

Facilities:
The business operates from a home office.
Competition:
This reputable company has never really had to undertake any advertising. Most new business is generated from ongoing client requirements, tender invitations, repeat business and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation. The business has a comprehensive range of approvals and accreditations and as part of this the company does enjoy exposure to many potential clients both public and private, through each organisations website and publications. There is opportunity to expand the business’s profile with a strategic sales and marketing programme should a new owner so require. It would also benefit from an internet presence as to date the company does not have a website.
Growth & Expansion:
The business is run very much for the benefit of the lifestyle and available resources of the vendor. As such, it has operated at an optimum level providing excellent income and quality of life to the vendor and family. It is possible to take the current levels of trading along with the incumbent client base and increase the area of operations, which could increase both turnover and profits.
Support & Training:
The current owners would be happy to provide full training and support at handover. The majority would be happy to stay on within the business for an agreed period, subject to negotiation should a new owner so require.
Reason for Selling:
Retirement.

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Reeta Verma

Business Listed By:
Reeta Verma

Turner Butler

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