GJ023-West Midlands-Offers-National Gas/Heating Plumbing Specialists

West Midlands, United Kingdom

GJ023-West Midlands-Offers-National Gas/Heating Plumbing Specialists

Asking Price:N/A

Cash Flow:$302,396

Gross Revenue:$2,797,164

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1991

GJ023-West Midlands-Offers-National Gas/Heating Plumbing Specialists

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Business Description

National Gas/Heating and Plumbing Specialists
-Large commercial/housing projects-
Ref.GJ023
Location West Midlands
Offers Invited
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity.

Since its inception in 1991, this ever growing company has been dynamically driven and carefully managed by its Directors, by fully utilizing their 28+ years of generic experience in the same field.

Although the company undertakes all levels of work within its sector, both private and commercial, they have developed something of a specialized niche in taking on major contract work for large companies working at a national level, and sometimes involving over 1000 properties. This work tends to be refurbishment and new build work i.e. from wet rooms through to bathrooms and kitchens etc.

So successful have they been at winning and completing these contracts both on time and on budget, that they continue to secure more and more contracts of similar types. This type of contract work now represents approximately 80% of their total spread of work, and has been gradually growing over recent years due to the company’s excellent reputation for their quality of workmanship and their proactive approach to solution provision.

As you would expect, the company is fully Gas Safe registered and compliant, as well as being RECC, MCS, Watermark and Constructionline registered.

With a genuinely growing business portfolio, in a market place where reverse trends are becoming more common, the acquisition of this business will appeal to perhaps other companies in the same or parallel sectors, who could add the turnover directly to their own and, whilst amortising overhead ratios, increase bottom line profitability.

Detailed Information

Employees:
32
Facilities:
The company’s short term lease premises are connected to all main utilities and are subject to a 12 month agreement with a 3 month notice period. Current annual rental comes in at circa £10,000, with rates coming in at circa £2,000 per annum. Approximate size is believed to be circa 1950 square feet.
Competition:
The company has developed and maintains an Internet website along with insertions in the local Yellow Pages.
Support & Training:
Full support and any necessary training will be provided during handover as part of a successful sale package
Reason for Selling:
The Directors have now decided to sell the business

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Reeta Verma

Business Listed By:
Reeta Verma

Turner Butler

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