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Business For Sale. Multi Disciplined Construction And Building Services Company

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Asking price:
Turnover / revenue:
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Years established:
Trading hours:
Monday Friday 0900 1700 On site as required
Number of employees:
Employees / staffing:
The business has built an impressive team from top to bottom, so much so that the business runs smoothly with or without the 2 majority shareholders. In saying that both still work in the business full time through choice. The business has put in place a very capable Financial Director who runs the business on a day to day basis supported by a comprehensive team of Surveyors (Building QS, Electrical QS, Onsite, Desktop etc.), Health & Safety Manger, Office Administrators and Insurance Claim Handlers. The business also employs circa 55 full time tradesmen (including supervisors etc.).

Reason for selling:
Planning exit strategy.
Support and training:
The vendors are happy to provide a comprehensive handover to ensure a smooth seamless takeover. This should be a relatively simple handover as the business already has senior staff in place.
Business is relocatable:
Business is web-based:
Business is home-based:
Lease terms:
The business operates from ideal modern premises on a well known business park. Total area is circa 5,500 square feet. The business owns the freehold and the vendor is happy to sell the freehold with the business or for the new owner to set up a suitable lease, subject to negotiation. Please note the current asking price excludes the freehold property. We are advised the freehold is worth circa GBP 450,000.
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MultiDisciplined Construction and Building Services Company
Public & Private Sector
Ref. GF050
Location : West Yorkshire
Asking Price: GBP 1.3Million (inc Net Assets circa GBP 107,000)
This very successful and highly regarded company was set up by the current owners some 30 years ago and developed into a multifaceted construction company with all the necessary accreditations and internal skills to serve its highly desirable client base. Almost all of their work is in the commercial sector and covers health, social housing, education and insurance sectors (including flooding). They have ongoing framework agreements in place with many of its customers.

The company has considerable experience in the insurance sector and was worked with many insurance companies and their clients for many years.

The business has become a bit of a specialist in the fields it operates in and works closely with architects and clients alike to provide a full turnkey operation, whether it be new build, refurbishment or restoration in both occupied and unoccupied buildings. Scope of works includes building, electrical, mechanical, plumbing, water damage, decoration, restoration and refurbishment.

The company and its significant staff (encompassing many trades) have excellent internal skills and are able to undertake a wide range of contracts, varying from simple maintenance to larger new build and refurbishment projects with values ranging from GBP 1,500 up to circa GBP 600,000.

The company has developed a reputation for dealing with projects in controlled environments (commonplace within the health and education sectors) . The team is highly experienced and qualified with a strong corporate platform and the added benefit of strong technical support and project management skills. It is this customer driven approach which has helped them forge excellent long terms relationships and framework agreements with much of its bluechip customer base.

The business is enjoying very impressive growth at time of going to market and this trend is expected to continue. Sales for the current year are expected to be in excess of GBP 5Million (circa 20% uplift year on year), with profitability also up. There is no reason this trend will not continue as the business has all necessary infrastructure in place.

The business has a good asset base including staff, plant, equipment and commercial vehicle fleet, not to mention the option of the freehold premises. It utilises Sage accounting software, leading estimating packages and has access to the Insurance companies costing software that enables them to price jobs quickly and effectively as an approved contractor.

Expansion Potential
The business was set up by the current owners to earn a living and has since evolved into the highly successful operation that exists today. The business has never really had to chase work, benefitting from very high levels of referrals and ongoing business with its existing clients, be it through framework agreements or recommendations, not to mention insurance driven claims.

Whilst it currently services its existing customers (public and private sector) with large property/facility estates to manage there is huge scope for expansion both within the existing customer base and beyond.

The construction and building services sector is currently strong and the trend is expected to continue with many private organisations and public sector bodies outsourcing this function, due to increasing legislation and health and safety requirements. This business is ideally positioned to service this need moving forward.

As a result of the recent pick up in the industry the company has just recently taken on a part time Business Development Manager to start looking at new opportunities, particularly in new build, as the business has all the core skills already in place to attack this market. This should reap rewards for the new owner moving forward!

Market / Competition / Non-Competition Agreements
The company enjoys high levels of repeat business, word of mouth recommendations and referrals so has never had the need to advertise. It does have an informative website but does no advertising/marketing at present.