Location: North London
Asking price: £275,000
TURNOVER: c£760,000 in 2020
GROSS PROFIT: c£337,000 in 2020
EBITDA: c£170,000 in 2020 before owners’ drawings
CURRENT EBITDA: £12,000 PER MONTH
NET ASSETS £zero
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.
The company has contracts with:
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
In 2020 the turnover was over £700,000 and the EBITDA before drawings were some £170,000. However the Covid lockdown caused severe disruption to the Company’s contracted revenue streams and the business is only now starting to get back on its feet.
However as a result of the re-opening of the contracts, current trading figures are producing an EBITDA before drawings of c£12,000 per month.
The asking price is predicated on there being no cash and no debt at completion. Any negative asset value at completion will therefore reduce the sale price on a £ for £ basis.
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.
The Vendors are seeking offers for 100% of the issued capital of the company in the region of £275,000 assuming net assets of Zero and no cash and no debt. There will be a £ for £ adjustment to the final sale price to reflect any movement away from the zero net asset position.
|Is this business relocatable:||No|
|Business Sector:||Property Maintenance|
|Total Views:||Club Member only|
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|Total Enquiries:||Club Member only|
|Last Viewed:||Club Member only|
|Last Updated:||Club Member only|
|Last Enquiry Made:||Club Member only|
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