Commercial Painters & Decorators
Location : Surrey
Asking Price : £250,000
Turnover : £540,000
Net Profit : £200,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Relocatable
Confidentially offered for sale
Turnover circa £540,000 per annum
Net Profit circa £200,000 per annum
Regular Blue Chip customers
Established over 15 years
Outstanding business with good name and reputation
Easy to run with work in progress
Profitable with low overheads
Team of skilled and trained decorators
Good growth potential
This is a well established comercial decorating firm that has been trading successfully since 2002. They have a good number of Blue Chip clients who use their services an a regular basis including, National house builders, , construction companies . They regularly have contracts varying from the short term e.g. six months work in progress to the more difficult to acquire, long term contracts e.g. 2 years or longer.
The company currently has in excess of £800.000 of secured contracted work, relating to 3 contracts.
The company works with a good team of skilled and time served decorators. It is easy to run with low overheads as the owner operates from an office in his own home . They are member of SMAS,
The business has a good name and reputation has always been in high demand; the vendor has over many years turned much work away that didn’t suit his own work/life balance but such large contracts could be accepted by the company at any time..
This would make a perfect ”bolt-on” business for another company who are looking to either expand their own operation and immediately increase their database of customers. Or for a company who is looking to expand their services into the decorating sector of the market with a number of major contracts automatically in progress.
• New Builds
• Wall Papering & Spraying
• Specialist Paints for all Surfaces
• Total Satisfaction Guaranteed
• Well established name and reputation – 15 years
• Superb pipeline of new work
• Work in progress
• Secured contracts
• Blue Chip regular, repeat customers
• Team of skilled and time served decorators
• Highly profitable with low overheads
• Easy to run
• Easily relocatable
The vendor has grown up as a painter & decorator and is a third generation in the trade, which has enabled him to build a significant and enviable business, with relationships and contracts with some of the biggest names in the world of construction.
All vehicles and equipment used in the business are in the ownership of the self-employed contractors.
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.
In 2017 the business had a turnover of circa £539,189 per annum with an EBITDA before drawings of circa £200,000 per annum.
The owner now finds the business easy to run after almost 30 years in the industry and is comfortable with the amount of work that the company handles. They have work in progress of circa six months with other contracts in place which will last for another 2 years and, with growth in the housing market in the South East being developed by this company’s clients, the future looks very profitable.
The company spends no time on marketing apart from their website and does not actively search for new business at present. New owners with more hunger and desire and with new ideas would be able to secure extra business with a small amount of effort.
The owner runs the business from an office in his own home. The business is easily re-locatable.
The owner looks after all of the running and decision making within the company and is supported by a significant self-employed resource covering surveying, painting, decorating and health & safety requirements.
The owner would be happy to help with a smooth transfer of the business in any way possible.
The owner wishes to spend time with family and pursue other business interests.
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 firstname.lastname@example.orgTurner Butler Disclosure Statement
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