turner-butler

Businesses are featured on

Businesses for Sale

Commercial Painters & Decorators

Ref. GK089

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


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Asking price includes:

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

Competitive supplier

Good growth potential

Goodwill

Business Profile

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.

Services include

• New Builds
• Wall Papering & Spraying
• Specialist Paints for all Surfaces
• Total Satisfaction Guaranteed

Key Strengths:

• 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.

Equipment

All vehicles and equipment used in the business are in the ownership of the self-employed contractors.

Financial Information:

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.

Growth and Expansion and Opportunities

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.

Premises:

The owner runs the business from an office in his own home. The business is easily re-locatable.

Employees:

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.

Support and Training:

The owner would be happy to help with a smooth transfer of the business in any way possible.

Reason for Sale:

The owner wishes to spend time with family and pursue other business interests.

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 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk