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Domestic and Commercial Plumbing Business
A very well established family business

Ref. GD118

Location : Kent Coastal Town

Asking Price : £112,500

Turnover : £126,000

Net Profit : £30,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Turnover circa : £126,000
Net Profit circa: £30,000
Gross Profit circa : 39.4%

Asking price includes:

15 Years Established
A very strong word of mouth presence
An excellent spread of clients both domestic and commercial.
Including Schools, restaurants, halls, pubs and general rental properties
Strong repeat business
A commercial vehicle and tools

Introduction:

Turner Butler has been appointed to invite offers of purchase for 100% of the issued share capital of a well-established domestic and commercial plumbing business. It has very loyal and long standing customers.

Business Profile

The business was first established in 2004. It`s continued historical growth came from word of mouth recommendations. This business boasts strong customer retention with many customers dating back as far as ten years or more.

Customer Service:

The company always provides prompt and reliable job completion. They offer a 24-hour emergency call out service. Their long term client retention level is excellent.

Key strengths:

A very well established and trusted business. The plumber who will continue working with the new company owner is very much a company asset. His presence will give continuity to the customers and help the new owner to settle in. He currently services in excess of 60% of all manual work.

Financial Information:

The asking price of £112,500 is for a sale of 100% of the issued share capital of the company. All financial discussions will take place between the vendor and all interested parties under the auspices of Turner Butler.

Turnover c. £126,000
Gross profit c. 39.4%
Vehicle and equipment c. £19,000
Adjusted net profit c. £30,000

Advertising and Marketing:

The company currently has a very minimal marketing spend. Their web site is presently being updated and could easily be optimised via pay per click to attract further new business.

Growth and Expansion:

The current owner believes that the opportunity is there to further expand this business. One way would be by adding gas safety work to the portfolio of services. Existing customers often enquire about this.

Premises:

The admin and day to day running of the company is based in a home office. This function of the company is fully relocatable.

Employees:

The business currently employs one full time plumber plus the current owner.

Support and Training:

The current owner would be happy to provide full support at handover.

Reason for Sale:

Retirement

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

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