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Tue, Aug 11 2020 04:38:23 PM  |  /

Handyman Service and High-margin, High-end Property Refurbishment

Business Id:000392     |    Reference: GF053
Leasehold Price:
Business Description

Handyman Service and High-margin, High-end Property Refurbishment
Ref. GF053
Location : South West London
Asking Price : £85,000 incl Net assets
This respected business was founded by the vendor in 2017 in a highly affluent part of south west London. It provides a handyman service together with the refurbishment, restoration and construction of commercial and residential properties in London and other parts of the South East of England.
High added-value and quality solutions are created for high net worth, private individuals and commercial clients.
The company partners with a bona fide highly skilled sub-contract workforce and each project has a high focus on communication, so that the client is aware of all the moving parts of a project constantly. This approach to high-end construction services means that every customer is provided with detailed attention and is always kept up to date with project progress throughout with regular communications which results in the highest quality finish.
The company has become known locally as a reliable handyman service and quality-focused, major works contractor with particular expertise in the renovation & refurbishment of buildings where the focus is on respect for and communication with clients and customers. The company has successful trading relationships with High End Architects and Block Management companies from whom they receive regular tenders as well as private client work. The company believes that the very best results are delivered when there is a successful partnership between client and constructor, working together to achieve the shared vision.

Business Information
Turnover:£385,000.00 Annually
Profit:£44,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Construction businesses, Building Renovation Businesses
Statistic Information
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Business Profile
Key strengths: The business has many strengths including • Extremely well located • Enviable reputation in the area it serves • Excellent Architect and Surveyor contacts from whom work is referred • Exceptional levels of service • Repeat business levels and referrals • Highly reliable sub-contract team
Key Opportunities: The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The clearest opportunity to grow the business would be by simply agreeing to the level of demand that the company enjoys, enlarging the Handyman Business and by engaging in specific marketing campaigns backed by its strong reputation. The market outlook for this kind of a business is excellent. A clean trading history, and filed accounts, with a strong demand for this business’s services, a new owner who is capable of instilling additional ideas and expanding on the solid base will have every advantage of building on a trusted local brand. This is a unique opportunity to purchase a growing business. It is a well-structured company generating excellent profit margins with excellent growth potential.
Financial performance: 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. Turnover for 2019 circa £385,000 Net Profit circa £44,000 before Director’s drawings
Asking Price: The Asking Price of £85,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £15,000 on completion (calculated on a zero cash-zero debt basis).
Advertising and Marketing: The company has an impressive website providing details on the range of services and portfolio; an attractive comprehensive digital brochure can be downloaded. A high proportion of the business s revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of high net worth individuals, whilst continuing to attract new referrals and recommendations.
Growth and Expansion:
Business Hours: Usual office hours are Monday – Friday: 8.30am – 5pm
Employees: The business employs 1 full time staff member along with the vendor; and is ably supported by a trusted and reliable team of sub-contractors.
Support and Training: The vendor is happy to provide support and training for a negotiated period.

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