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Abrasive Blast Cleaning Business

Ref. GC025

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


  • 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
Wide variety 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 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.

 

Clients:

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:

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.

Key Opportunities:

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:

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 at present, as no other business in the area has acquired an equally 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 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.

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