Abrasive Blast Cleaning Business
Location : Devon
Asking Price : £115,000
Turnover : £88,753
Net Profit : £50,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : £28,000
Premises : Not Included
Confidentially offered for sale
Net Profits £50,000
Net Assets £28,000
Work in progress, material stocks, tools and machinery
Wide variety of blasting services
Extensive investment in equipment
Established client/customer base
Extremely lucrative margins
Vehicles (vans & Cars)
This superb business was established twenty-one years ago by its present owner. This is a fine example of an exceedingly profitable business, which has gained an exceptional rapport with their clients. The business is profound for their outstanding customer service, hard-working attitude and absolute attention to detail. It is an unrivalled and professional establishment which can potentially be franchised.
The company’s ability to carry out a diverse range of blast cleaning and painting has made it the company of choice for a large and loyal banking client, based in the South West.
The company conducts Mobile Grit Blasting, Power Washing, Industrial Spraying and Hot Metal Spraying which can be available for both private and commercial purposes. This business can carry out small item projects such as Gates, Car Parts, Wheels, Fire Surrounds, Bed-stead’s and Garden Furniture; as well as larger assignments 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.
The business has approximately two hundred clients. Seventy per cent are commercial clients and the remainder private individuals. This database can notably expand with the guidance and care of knowledgeable and resilient staff. The present owner operator has purposely managed the operation to a size most suitable to his needs.
Customer service and customer rapport is paramount to the business. The business is renowned for their punctuality; they strive to ensure their allocated assignments are completed within the agreed timeframes.
Being a mobile operation, work is generally carried out on the client’s site. This business aims to complete their projects with minimal disruptions as this is the key to retaining an on-going positive rapport with their clients which in-turn gains to future referrals.
The new owner has the potential to increase the number of mobile units, by hiring additional trained staff and continuing the business’ current professional attitude. While the business has an active website, at present the business lacks a structured sales and marketing strategy which would encourage prospective work for the business. There is great potential for the company to acquire further contracts.
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.
There is limited competition at present, as no other business in the area has acquired an equally admirable reputation.
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.
Marketing for the company is at present limited to their website. However, the business currently has a small advertising leaflet which is suitable for handouts; as well as mail-shots and a presence in the yellow pages.
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.
The owner manages the business with one full time employee.
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
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