| (REF: GD068) Plumbing and Heating Contractors with Maintenance Contracts |
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| Seller Reference: |
GD068 |
| B4S Reference: |
06113 |
| Asking Price: |
£275,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£592,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
East Coast, Yorkshire, Yorkshire and the Humber, United Kingdom |
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This is an excellent opportunity to purchase a growing Corgi registered business, which is the largest plumbing and heating engineers in their local area..The business was established by the vendor in 2001 and became a Ltd company in 2003. In this time they have become well known and have earned a reputation for high quality workmanship and trustworthy proffessional staff. There is now a database of regular repeat customers including estate agents, local council work and local housing associations, which give a certain amount of economic safety.
The company?s aim is to provide a first class service with oustanding attention to detail and full maintenance support for all types of domestic and commercial plumbing and heating systems. They can fulfill all types of jobs from the smallest repair to the largest of commercial new fit projects. Most jobs are carried out within the local area but the company goes further afield on a number of commercial projects.
The company are forever upgrading their business model and circa twelve months ago they introduced low cost maintenance contracts for their clients. These have proved very popular and have seen an excellent take up, proving to be a huge success with their clients and making significant improvements to the company?s profits and cashflow. .
The business runs with a small, but highly skilled and experienced full time staff. All building, tiling and electrical work are carried out by a well trusted team of sub contractors.
The business is profitable with low overheads, easy to run and has grown consistently over the past seven years.There is an excellent opportunity to grow the business further for new owners, simply by building on the successful formula that the owner and his team have put together.
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Property: |
Leasehold |
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Lease Terms: |
The business runs from a circa 2,000 sq. ft. industrial unit with a drive in garage on the ground floor for overnight storage of the trucks and equipment and a general workshop where repairs and maintenance are carried out. There is a small office block with kitchen and WC.
The rental is circa ?10,000 per annum with rates of circa ?5,544 per annum.
? Part of the building is sub let to another small business to be used as a storage area and small office. This brings in a rent of ?70 per week and within the building there is spare capacity for further sub letting. |
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Current Rent: |
The rental is circa £10,000 per annum with rates of circa £5,544 per annum. |
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Living Accommodation: |
No |
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The company has grown steadily over the years without any showroom and the owner believes that there are excellent opportunities to take the business forward over the coming years.
They have been trading consistently over the past seven years but twelve ago they found a distinct niche in the market for maintenance and repair contracts. The company now needs to make a concentrated effort on this side of the business as this is an excellent opportunity.
Future growth and expansion can come from tendering for local council contracts and other commercial contracts and the company needs to make use of their web site which has not had the necessary attention paid to it.
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The owner would be happy to help out with a smooth transition of the business and help in anyway possible. He is prepared to help for a period of time to introduce the new owner to all of the major connections that the company deal with on a regular basis. |
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The owner and his wife and family plan to emigrate and believe this would be an excellent time to pass the business on as the business is perfectly placed for expansion. |
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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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The owner looks after the daily running and his wife looks after the administration of the business. There are five full time skilled and trained engineers with all other non associated trade jobs being carried out by a selected team of sub contractors. |
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