| Two Tiling Contractor Companies |
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| B4S Reference: |
11008 |
| Asking Price: |
Undisclosed
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| Net Profit: |
£500,000 |
| Sales Revenue: |
£3,000,000 |
| Number of Staff: |
3 |
| Established For: |
12 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
South West-salisbury /south East-romford, Wiltshire, United Kingdom |
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Combined one of the largest tiling contractors in Southern UK
Potential to minimise Corporation Tax via an effective tax strategy at no cost to the purchaser
Combined turnover of ?3 million
Combined NET profit of ?500,000 per year
33 year of establish names
Purchase of company can be 100% RISK FREE
High quality work force
Extremely low overheads
Strong financial performance and high growth prospects
Genuine reason to sell owner desires to move home to Canada
Company has no creditors other than a small amount to trade creditors
The owner is expecting some payment for the goodwill of the company.
The company will be sold to the bidder who add the highest amount of good will
Director willing to be retained for to ensure performance of the companies
The seller is happy to sign any non compete agreements
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Property: |
Leasehold |
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Lease Terms: |
The lease is executed on a month to month basis and can be undertaken by the new owners. This is an attractive opportunity if the new owners do not want to carry on the lease. |
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Current Rent: |
£500.00 per mth |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Both businesses operate from a small modern office with very low rents. |
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Location: |
Company A : The business is located in the South West with good access to core markets and major transport links. The business currently operates mainly on a local basis, within a 70 mile radius of the office but the location is ideal for servicing other areas in Wiltshire, Dorset and Hampshire.
Company B : The business is located in the South East. |
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The business encounters many different competitors in its market, but no single company stands out as a direct competitor.
There are two main types of competitor, larger trade operators mainly working on the large new-build sites, offering similar services to commercial customers and one-man-band operations.
Most of the local competition is perceived to have an inferior, weaker service. Whilst clearly there is a degree of competition from these firms, Company A is well known locally and differentiates itself by operating a direct service to very high standards.
The smaller ?one man band? type firms operate almost entirely on a local basis, and do not have the critical mass to provide meaningful direct competition to Company A in the area.
Key competitive factors in the tiling market are quality, price and availability. Company A has concentrated on and have successfully developed a genuine service ethos and very strong customer relationships, which the director believes to provide a clear differentiation in the market and the basis for significant future growth potential.
Pricing between competitors tends to be very close, and the director constantly monitors prices in the market using their own research methods as well as information supplied by existing customers. However, the cheapest price is not always the key factor, and Company A wins business through its reputation for quality and service at competitive prices. |
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Both companies have an excellent reputation and enjoy a strong position in its market, with first rate growth prospects. |
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Director willing to be retained to ensure performance of the companies |
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Genuine reason to sell owner desires to move home to Canada |
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Is this a home-based business? |
No |
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Can this business be relocated? |
Yes |
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Is this business part of a franchise? |
No |
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Company A: The company employs just two members of staff:
Estimator ? Currently working 40 hours a week and is responsible for all estimating for both companies as well as administering ad-hoc request issued by the director The estimator has over 30 years of experience in the business and a vast amount of knowledge to contribute.
Office Manager ? Currently works 12 hours per week and deals with almost all financial issues and clerical information.
Company B: The company only employs one directly employed staff member in the office who is a very dedicated member of the team. The employee helps in not only all aspects of the office and book work but also with the expedition of the job and the ordering process. The director is able to allow this individual full access to organise all aspects the job. Employee A presently works 18 /20 hours per week on a part time basis. She is willing to take on more responsibility which the director feels confident that employee is capable of taking on. |
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