Businesses for Sale

Sale Memorandum

Carpet and Upholstery Cleaning & Restoration - Specialists in Fire & Flood Damage

Ref.GC076

Location Yorkshire/Lancashire

Asking Price £ 395,000

Confidentially offered for sale

Next Step, please view
Terms & Conditions and submit Confidentiality Form/NDA online

Leasehold

Asking price includes:

Turnover circa £750,000
Operating pre tax profit circa £150,000
Established 1997
Large customer database
Large number of Fire & Flood Insurance restorations
Excellent inventory of vehicles and equipment
Technological advantage over competition
Good growth potential
Goodwill

Business profile:

Set up in 1997, this business specialises in private and commercial carpet and upholstery cleaning & restoration, concentrating on the fire & flood damage sector. Other services include hard floor, leather, rug, and tile and grout cleaning. The business is an all-round one stop shop for cleaning and restoration work and has achieved a history of excellent turnover and profits over the years.

The business operates from a centrally located modern purpose built warehouse with offices on the Yorkshire/Lancashire border and supplies cost effective solutions, which are achieved by their unique, patented hot-carbonating cleaning process, which is a safe non toxic cleaning solution.

The owners have put an infrastructure in place that enables the business to run smoothly and efficiently without their presence being necessary. The business is profitable with no bad debts and offers a highly competitive cleaning service.

Equipment:

All necessary equipment is in place that is required to run a successful operation. This includes seven liveried vans (all leased), three truck mounted cleaning machines, circa 100 de-humidifiers, circa 120 air movers, plus heaters, dryers, pumps, air scrubbers, compressors and a fork lift truck. There are also 36 wooden containers, which are used as storage and rented out to clients.

A full list of equipment is available to all genuinely interested parties.

Customer Service:

Customer service is the top priority; the team provide a prompt, reliable and efficient service. Substantial investment has been made in the latest technology and equipment. The company uses unique environmentally friendly carpet cleaning methods and has achieved IS0 9001 accreditation.

Key Strengths:

This is a well run and environmentally friendly company that has a history of continual growth and profits. The business receives a great deal of income from repeat/recommendation sources.

The company has a number of beneficial local contracts and works with major insurance companies on fire and flood restoration work. This work brings in circa 70% of their business with the other 30% coming from private carpet cleaning.

Equipment and vehicles are in pristine working order. All equipment is stored in the purpose built modern warehouse, which also holds approximately forty wooden containers. These containers are rented out to clients looking for secure, temporary storage space at a competitive rate.

Growth and Expansion:

The business is easy to run and the owners have built up an infrastructure that means the operation runs smoothly without their presence. Sound foundations have been laid down by the current owners to accommodate future growth.

Premises:

The business is relocatable. The vendor owns the freehold of the premises however they are prepared to negotiate a new lease on an agreeable time span and rental.

Centrally located on an industrial park on the Yorkshire/Lancashire border, the premises are a modern (2006) purpose built warehouse with offices of circa 10,000 square feet. There is ample parking on site for staff, visitors and the company vehicles. The warehouse is fully heated and the offices are centrally heated. The premises have CCTV and a full security alarm system.

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is forecast circa £750,000 with operating pre tax profit circa £150,000.

Employees:

The owner and his wife are Managing Director and Financial Director. There are three part time administration staff plus the business employs a well trained and highly qualified team of technicians and a warehouse manager.

Support and Training:

The owners would be happy to help with a smooth transfer of the business in any way possible.

Reason for Sale:

The owners have worked tirelessly to build the business to its current level and now think this is the perfect time for new owners to take over.

Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
The Manor Sweetcroft Lane Hillingdon Middlesex
Telephone 01895 25 6000 Facsimile 01895 20 6666
info@turnerbutler.co.uk
www.turnerbutler.co.uk

Businesses for sale