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Property Maintenance Contractor

Ref. EB058

Location : Kent

Asking Price : £150,000

Turnover : £800,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : £135,000

Net Asset : £17,000

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

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Fully relocatable

Asking price includes:

Projected Turnover 2018-19 circa £800,000 per annum
Projected EBITDA £135,000
Net Assets c£17,000

Accredited Trader with an excellent reputation and trusted & respected name
Member of small business club, Safe Contractor & Contractor Plus
100% Contract Work
Excellent Blue Chip client base
Constant income flow
Profit margins
Growth Potential
Website

Business Profile

Established in 1985, this property maintenance contractor undertakes property and landscape maintenance repairs for an extensive blue chip client base, including major management agencies across the South East.

Undertaking 100 percent contract work the business is now firmly established as a major contractor across many counties, and prides itself on providing quality workmanship with a friendly service at very competitive rates.

The business has built a reputation on recommendation and efficiency with not many similar accredited companies in the area.

The business has grown over the years and is well established and highly regarded amongst its clients. There is a team of experienced, qualified and reliable staff who provide a high quality service and who can adapt to both small and large jobs.

With a consistent base of satisfied clients the Company achieves a better than average financial performance, even without any new initiatives from a new owner, this company will undoubtedly provide significant returns on investment for some time to come.

With an excellent turnover the business represents a significant and attractive opportunity for any similar type of operation wishing to acquire an excellent, established client base without the ties and costs of an additional site.

Customer Service:

The company has earned a deserved reputation for attention to detail, supplying a friendly, prompt, reliable and efficient service using experienced staff and subcontractors.

Key Strengths:

Responding to the ever-increasing demands of clients, many of which are large major management agents, this business thrives by offering a combination of excellent service at a competitive price. Put simply this business operates in a very buoyant business sector and benefits from plenty of media coverage on the environment. It is very good at what it does, a wide range of maintenance repairs, with very high quality assurance for its clients. The experienced staff produce good quality work, on time and on budget.

Financial Information:

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.

2013-14

Turnover circa £1,180,659
Gross Profit £508,116
Net Profit £334,863
EBITDA £444,438

2014-15

Turnover circa £1,005,784 per annum
Gross Profit c£444,693
Net Profit c£290,354
EBITDA £339,560

2015-16

In 2016 one of the company’s key customers was acquired and the maintenance contract on their properties was given to another company. The vendor has worked hard to recapture the lost revenue and the estimated out-turn for the year is:

Turnover c£591,464
EBITDA c£188,924

2016-17

Turnover £836,612
EBITDA £173,624

2017-18

Turnover £1,016,553
EBITDA £260,133

2018-19

The vendor has continued to rebuild the business and is confident that it will achieve the following results based on contacted business secured to date:

Projected Turnover c£800,000
Projected EBITDA c£135,000 after imputing £25k rent

Asking Price:

The Asking Price of £150,000 is for the Goodwill and the tangible assets worth c£53,500 of the company.

Advertising and Marketing:

Well established for over thirty years this business has not advertised for over fifteen years. The business has collected plenty of pictures and has e-log books to showcase the services provided. There is also a well-designed, informative website, however, by far its most effective form of marketing is recommendation, testimony to the high regard with which this business is held in its local area, with much of the work achieved through word of mouth and repeat contract work.

Growth and Expansion:

Operating both within property maintenance and landscaping there is scope to develop this business in either or both directions – and particularly in relation to expanding into domestic work which could certainly impact on turnover and profitability.

There is an outstanding opportunity to build on the existing business levels and customer base of this company. With its outstanding reputation, new owners contributing fresh ideas, drive, enthusiasm and investment will have every advantage of building on an excellent platform.

Premises:

Fully relocatable, or the modern unit the Company works from could also be purchased. A new lease will be offered at a starting rent of £25,000pa.

Business Hours:

Monday – Friday:       9am – 5pm

Employees:

The owner plus 5 full time employees and 3 x part time staff.

The Company also uses agency staff on an ‘as needed’ basis.

Support and Training:

Full support and training will be provided to the new owners to facilitate a smooth transition of ownership.

Reason for Sale:

Genuine retirement

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk