Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Established Scaffolding Hire, Supply And Erection Company

LISTING DETAILS
Firms For Sale ID:
29262
Vendor reference:
GB174
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£499,950  
Turnover / revenue:
£500,000
Net profit / cashflow:
Undisclosed
Years established:
17
Trading hours:
Office hours 0730-1600 Monday to Friday
Number of employees:
6

OTHER DETAILS
Reason for selling:
Planning exit strategy
Support and training:
The owners are happy to provide full business familiarisation and handover to ensure continuity of trading and a seamless transistion. One or even both directors would also be prepared to stay on for a further period should a new owner so require, subject to negotation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from ideal leasehold premises. Current lease is for 2 years. Rent is circa £600 month. Rates are circa £1,200 per annum.
 
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BUSINESS DESCRIPTION
Established Scaffolding Hire, Supply and Erection Company
Ref.GB174
Location Gloucestershire
Asking Price £ 499,950
The vendors of this business have been providing a comprehensive scaffolding service for some 17 years now and the business has grown into one of the areas largest and most respected scaffolding companies. Regarded as the market leader in the region, the majority of customers are based within a 40 mile radius. In saying that the business has gone further afield when required, such is the demand for its services.

This position of strength has been achieved by giving customers the experience and expertise they require together with a comprehensive range of services that includes scaffold and board hire, scaffold sales, ladder hire, prop hire and provision of other access and scaffold related products and services. The vendor has re-invested profits into the company over the years in terms of stock and equipment so that it can react quickly to meet customer requirements.

This company is a dynamic, customer driven business and offers a professional reliable and efficient service to many industries. The business has a very impressive customer base that runs into many hundreds and these include large blue chip clients (with which it holds desirable maintenance contracts) ,housing associations, National Trust, churches, national builders right through to small builders and private individuals. The business holds a very impressive level of wholly owned stock and equipment due to the size of its customer base and the business resources are usually booked up weeks in advance with a further 6 months high quality pipeline in place at any one time. The business supplies and erects its own scaffold tubing using its in-house experienced staff. This ensures all equipment is well maintained, correctly erected and complies with all current health and safety legislation. This is illustrated through the company’s excellent health and safety record.

Expansion Potential
There is huge potential to develop this company further. The business has never really seen the needed to advertise to date and enjoys very consistent levels of demand. The vendor currently has to turn down work from potential new customers on a regular basis such is the ongoing demand he enjoys from existing clients. A new owner with new levels of energy and business acumen could certainly increase the turnover significantly and broaden the services of the company with limited investment in additional resource and by increasing the advertising and strategically marketing the company.

The sale of this business presents a rare opportunity to acquire a highly successful business that is very well established and enjoys very consistent demand.

Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise in the past and there are excellent opportunities to increase this and market the business more aggressively. A large percentage of clients derive from recommendations and the business enjoys excellent levels of repeat business

The company does have a basic web presence and also does some local sponsorship.

There is no doubt that turnover and profits could increase in line with a more active marketing strategy, both to existing clients and target potentials.