Business For Sale

PROPERTY MAINTENANCE COMPANY SPECIALISING IN DISABLED SECTOR


Ref: CR213
Location: North London, England
Asking Price: £275,000
Annual Turnover: £760,000

Annual Net Profit: Not Set
Gross Profit: £337,000
EBITDA: Not Set
Premises Type: Leasehold

Business Description

Business Profile

The opportunity exists to acquire by way of a share purchase all of the issued capital in this property maintenance and building services company (“the Business”)

 

In London and the south east, the Business has become one of the most successful and respected building services companies for its customers and clients, many of which have been customers since the first days of trading.  It operates in the commercial and industrial services sectors including Housing Associations and Construction Companies. Alongside the more typical construction & maintenance activities such as electrical, mechanical or plumbing requirements, extensions, conversions etc, the Business has specialised in the installation or refurbishment of specialist Disabled toilet and Bathroom facilities. 

 

In addition to this specialism, the Business has developed a long term relationship with a blue chip UK company and has become such an essential part of the services and maintenance of its properties.

 

The Business is a trusted building services company and is considered a UK leader in the Disabled facilities sector. It has built its name on superior customer service, highly skilled staff, top quality equipment, and unwavering reliability, and all with little marketing or direct sales.

 

The Business is well established, prudently managed and with an enviable client & customer list. It is a leading UK specialist that is directly connected to UK legislation and commercial building guidelines in the provision of Disabled Facilities. It is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business’ activities both geographically and in the scale of services.

 

Until Covid hit, it was operating under a number of lucrative contracts with Housing Associations and Councils. Those contracts were suspended and are only now starting to

re-open. The business is poised to emulate previous years’ turnover but the vendor has decided that he wants to leave the industry.

 

Contracts

The company has contracts with:

  • Blue chip Housing Association  housing to do some £1million per annum worth of work) when the present lockdown situation changes;
  • Work with a South London Council for adaptations on tender basis
  • Work with an East of England Council for adaptations on a tender basis
  • Work with Disabled Housing Association disrepair works if needed and clearances  
  • Work with London Housing Association in its 3rd year with 2 years remaining with potential to extend for another 5 years (total 10 years) could push for more work (routine work approx. 14/15k per month inclusive vat)
  • On the panel to work with Youth Association for bespoke larger works with significant scope to increase works.

 

All relationships have significant scope to increase works. The business has the ability to easily achieve £2m plus turnover within a couple of years and £5m within five years

 

Confidentiality Form / NDA

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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.

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Turner Butler

Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 0333 1234562 | Facsimile 01895 678532 | Email info@turnerbutler.co.uk | Website www.turnerbutler.co.uk

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