Abrasive Blast Cleaning Business
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
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)
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.
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 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.
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 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 in the area with none who enjoy the same 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 is limited to the website, a small advertising leaflet suitable for handouts and mail-shots and a presence in 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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