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Abrasive Blast Cleaning Business

Ref. GC025

Location : Devon

Asking Price : £130,000

Turnover : £88,753

Net Profit : £50,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £28,000

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking price includes

Sales £88,753

Net Profits £50,000

Net Assets £28,000

Work in progress, material stocks, tools and machinery

Very broad range of blasting services

Extensive investment in equipment

Established client/customer base

Extremely lucrative margins

Re locatable Business Vehicles (vans & Cars)

Excellent reputation

Goodwill

Business Profile

This superb business was established twenty-one years ago by its present owner.

This is a classic example of an exceptionally profitable business based on superb customer service, hard work, absolute attention to detail and project completion on time and within budget. It is an unrivalled and professional set up which could easily be franchised.

Its ability to carry out a wide and diverse range of blast cleaning and painting has made it the company of choice for a large and loyal client bank based in the South West.

The company carries out Mobile Grit Blasting, Power Washing, Industrial Spraying and Hot Metal Spraying to a wide-ranging customer base. It is capable of fulfilling small item projects such as Gates, Car Parts, Wheels, Fire Surrounds, Bed-stead’s and Garden Furniture as well larger contracts on Boats (Fibreglass and Steel Hulls) Bridges, Railways, Marine Equipment, Light and Heavy Plant, Machinery, Quarry Equipment, Houses, Walls, Barns, Timber Roofs, Concrete Buildings and Floors, and Swimming Pools. Coatings are applied from primer to a complete paint system or specialised Hot Metal spray finish to the prepared surface.

Clients:

The business has approximately two hundred clients. Seventy per cent are commercial clients and the remainder private individuals. The database could easily double with the addition of trained staff. The present owner operator has deliberately managed the operation to a size suitable for his own needs.

Customer Service:

Customer service is paramount, the business has succeeded where others fail due to being punctual, paying great attention to detail and completing jobs within the agreed timeframes. Being a mobile operation work is generally carried out on the client’s site. Completing projects with the minimum of disruption is key to retaining on going work and gaining new referrals.

Key Opportunities:

There is a significant amount of additional work available to a new owner who may wish to increase the number of mobile units and levels of trained staff. While the business has an active web site, currently there is no structured sales and marketing strategy to drive enquiry levels into the business, clearly there is a niche market and enquiries invariably turn into contracts.

Technology:

Technology is limited to the normal software programme required to run a small enterprise with the exception of some Risk Management Software that is sometimes required by larger customers in order to satisfy corporate governance. There is a significant amount of general equipment needed to fulfill the job function plus a large Mercedes Van and two high volume, high capacity compressors.

Competition:

There is limited competition in the area with none who enjoy the same admirable reputation.

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.

Accounts will be made available on request from the vendor.

Advertising and marketing;

Marketing is limited to the website, a small advertising leaflet suitable for handouts and mail-shots and a presence in yellow pages.

Location:

The business is based in the South West. The location gives it a strong local commercial customer base but it is also within easy reach of the major road network covering the whole of the South West and towards London.

Management and staff

The owner manages the business with one full time employee.

Reason for sale:

The present owner now wishes to concentrate on developing other areas of commercial interest. There would, however, be a full and seamless handover inclusive of all training as required. This period would be subject to negotiation.

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 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk