turner-butler

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Specialist Building Preservation Services
Timber, Damp Treatments & Structural Waterproofing

Ref. GB206

Location : Devon

Asking Price : £290,000

Turnover : £998,000

Net Profit : £52,000

Gross Profit : £295,000

EBITDA : £104,000

Net Asset : £23,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price: £290,000 Inc. Net Assets

Business highlights include:

Turnover circa £998,000 per annum
Gross Profit c. £295,000
Net Profit c.£52,000
Net Asset Value c.£23,000
Adjusted EBITDA c £104,000
Property Care Association Registered
GPI Insurance Backed Guarantee
Wall Ties Installers federation Members
Trust Mark Registered Company
Established over 26 years
Fully accredited & guaranteed
Senior team in place
Long serving knowledgeable workforce
Sage Accounting
Superb reputation
Attractive website

Business Profile

The business is an established, family owned and managed company which has been in business for over 26 years and has worked very hard at establishing itself as a brand within the marketplace. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers.

The business is kept very busy running its operation from modern premises that include storage, and very well appointed offices. A full turnkey solution is offered to the large database of both commercial and domestic clients that includes damp proofing & damp control, timber treatments and structural waterproofing, both locally and further afield.

With a strong history in the building sector and understanding what can and can’t be done, the right solution is provided for every client – whether that be a single remedial treatment, or fulfilling the requirements of an entire property with a much higher order value. Domestic clients will sometimes have more than one property and some of these will be of historic significance and listed status.

The strengths of this company include its expansive technical knowledge and its practical expertise. All work is undertaken by directly employed, qualified and highly experienced teams, which has also helps to create a strong trading base.

The business is fully accredited and complies with all the current specialist industry standards and is Property Care Association registered provides insurance backed gaurantees through GPI, is a member company of the Wall Ties Installers federation and is Government endorsed Trust Mark Registered.

Equipment:

The company has invested in a good level of plant and equipment in order to satisfy its very high standards of service and quality.

The business utilises leading Sage accounting software to run the administrative functions of the business and also uses a bespoke database management tool for all customer and client details.

Customer Service:

The company s most important assets are their clients and people; clients appreciate the prompt, friendly service, reliability, convenient hours, and reasonable & competitive prices and its people in providing a quality product, service and expertise that represents excellent value, honesty and integrity.

Key Strengths:

• Honesty and Integrity
• Strong team ethic
• Professional senior team and staff
• Problem solving
• Reputation and detail
• Commercial and domestic customer base
• Accreditations
• Complete turnkey operation
• Good level of plant and equipment

Key Opportunities:

There is a lot of work to be gained. The business would benefit from a new owner with more energy to explore currently unexploited opportunities such as purchasing systems and investment in IT for operations management. A more proactive approach to sales and marketing could further increase revenues in the future.

Another avenue would be to develop in other geographic areas for business; the vendors also believe that an increase in prices would be appropriate and be beneficial with no harm to turnover.

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.

Turnover circa £998,000 per annum
Gross Profit c. £295,000
Net Profit c.£52,000
Net Asset Value c.£23,000
Adjusted EBITDA c £104,000

Asking Price:

The Asking Price of £290,000 is for 100% of the issued capital of the company, assuming Net Assets of circa £23,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of circa £23,000 at completion.

Advertising and Marketing:

The business has an excellent company website that comprehensively and attractively presents the high quality services on offer.

Premises:

The business runs from modern premises on a popular business park and is owned by the vendors.

A new lease can be arranged.

The premises comprise of two floors with the ground floor is of circa 1,000 sq. ft. with storage accessed via a roller shutter and toilet facilities and the first floor is of circa 800 sq. ft. of modern, glass screened and air conditioned offices. Mains services are connected with Gas, Electricity and Broadband.

Business Hours:

Monday – Saturday: 8.00am – 4.30 pm
Office 9.00am – 5pm

Employees:

The owners run the business, ably supported by a 10 x full time staff including an experienced sales surveyor and 9x operatives. It should be noted that staff have been working with the company for many years. They understand the company’s quality approach and work to the very stringent standards this business expects and delivers on a consistent basis.

The total staff are as follows

1 x CSRT – Certified surveyor remedial treatments
9 x Operatives
2 x Part Time Administrators
3 x Sub-contract Plasterers
3 x Sub-contract Carpenters

Support and Training:

The owner is happy to provide support and training for a negotiated period of time.

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