GD124 - Well Established and Profitable Plumbing, Heating & Electrical Specialists

Ref No: GD124 Location: Essex & East London Leasehold Available Asking Price: ?525,000 including Net Asset Value Business highlights include: Turnover 2020/21 circa ?1m p.a. Gross profit circa ?400,000 p.a. Net profit circa ?192,000 p.a. Net assets circa ?100,000 Very well established with long term client base Superb profit margins Loyal experienced and trained staff A mixture of Domestic and Commercial work Full range of accredited services Business Profile: The company was originally founded in 2017 to provide domestic and commercial heating and electrical services in the Essex, East London and surrounding area. Plumbing & Heating Services The business specialises and has grown an enviable reputation within the social housing arena in boiler repair and boiler replacements, especially Vaillant, Worcester and Ideal boilers A range of work is undertaking including full central heating installations, heating system upgrades as well as approved gas servicing and maintenance (domestic and commercial), power flushing, landlord certificates, heating system control upgrades and installation of new radiators. The business provides both general and specialist plumbing services including new bathroom suite fit-outs, new water mains, undertake water chlorination to BS 8558 standard, fix leaking pipes, and any other general plumbing repairs for sinks, toilets etc. Electrical Services For both domestic and commercial customers the business provides the following electrical services: ? Electrical Testing and Inspection ? Additional Power and Lighting Points ? Metering Alterations & Upgrades ? Under Floor Heating Systems ? 3 Phase Circuit Wiring ? Under Floor Heating Systems ? Creative Lighting Installations ? Kitchen Upgrades & Improvements ? Creative Lighting Installations ? Fused Spurs ? New & Upgraded Distribution Boards ? Pre & Post Let Inspections ? Wireless Fire Alarm Systems ? Wireless Intruder Alarm Systems ? Garden Lighting ? Cooker Circuits ? Shower Circuits Diamond Coring and Wet Cutting Services The business has specialist state of the art wet and dry diamond cutting machines. The highly skilled operatives can cut through reinforced concrete slabs up to a depth of 600mm and a hole size of up to 150mm. The machinery will easily cut through reinforced concrete, bricks, render, almost any concrete structure without damaging the surrounding structure. The diamond cutting equipment is owned outright by the company. The business is well structured with an excellent and consistent trading history and repeat client base showing continuous profit. There is enormous potential to grow the business further. There are 8 members of staff employed across the business. Clients: The business has a large and loyal client base ranging from large blue-chip companies, including schools and colleges to private domestic customers. Technology: All necessary IT equipment, including a brand-new state of the VoIP telephone system is in place required to run a successful heating and electrical services business. A full inventory of equipment is available to all genuinely interested parties. The business is set up to take card payments and offer finance terms through a licensed credit broker. Key Strengths: Great reputation Large range of services Combined Heating, Plumbing and Electrical services all in house Fully insured and accredited Gas Safe NICEIC Registered OFTEC Registered SSiP Construction Line Gold CHAS Plus Accredited Water Regulations Advisory Scheme (WRAS) approved installers Upper Tier Waste Carriage License Growth and Expansion: The business?s brand-new web site would be easily adapted to generate a greater online digital presence and there is also the ability to gain larger commercial contracts by targeting procurement contracts. Advertising: The business does not have the need to engage in local press advertising, there is scope to increase revenues from further marketing. All works come mainly from strong ongoing relationships with our clients and word of mouth referrals and recommendations. Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business has active Facebook and Instagram accounts. Employees: The business is supported by 10 full time staff including: 1 Director 7 Registered Service Engineers 2 Administrators Business Hours: Monday to Friday: 8:00am ? 5:00pm Saturday & Sunday: Closed Premises: The business operates from prominent premises with an advertised shop front, that is fitted out to a very high and professional standard. There are various options regarding the lease, which is to be renewed for a further 3 years in January 2023. Full details available. Assets and plant owned by the business The business does not need to hire in any plant as all necessary plant and equipment is owned outright by the business and will form a part of the sale. As well as the trading offices, the business leases a secure yard and a container, which benefits from gated security, with 24/7 access. This is where a rubbish skip is kept, so all rubbish the business generates is disposed of legally and in an environmentally friendly manner. A very impressive selection of stock, plant, machinery and of boilers, controls, valves, and a small workshop within a 40? container is also a part of the sale. Financial Information: 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 business has achieved a history of excellent turnover and profits consistently over 5 years. Turnover to 31st December 2021 ?1,016,280 p.a. Gross profit circa ?73,978 p.a. Net profit circa ?192,162 p.a. The Asking Price of ?525,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of ?525,000 assumes a NAV of ?50k with a ? for ? adjustment to the final sale price to reflect any movement away from the benchmark NAV of ?50k. A complete asset list is available. Reason for Sale: This is a retirement sale. Support and Training: The existing director and shareholder will provide full support and training to any purchaser and has over 40 years? experience in establishing and running businesses.

For more information on GD124 - Well Established and Profitable Plumbing, Heating & Electrical Specialists talk to Turner Butler Limited (Business Broker)