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Well Established and Profitable Plumbing, Heating & Electrical Specialists for sale in Essex, UK

Essex, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 525,000 Undisclosed Undisclosed

Business Summary:
Ref No: GD124Location: Essex & East LondonLeasehold AvailableAsking Price: £525,000 including Net Asset ValueBusiness 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 £100,000Very well established with long term client baseSuperb profit margins Loyal experienced and trained staffA mixture of Domestic and Commercial workFull range of accredited servicesBusiness 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 ServicesFor 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 CircuitsDiamond Coring and Wet Cutting ServicesThe 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 reputationLarge range of servicesCombined Heating, Plumbing and Electrical services all in houseFully insured and accredited Gas SafeNICEIC RegisteredOFTEC RegisteredSSiP Construction Line GoldCHAS Plus AccreditedWater Regulations Advisory Scheme (WRAS) approved installers Upper Tier Waste Carriage LicenseGrowth 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 Director7 Registered Service Engineers2 AdministratorsBusiness Hours:Monday to Friday: 8:00am – 5:00pmSaturday & Sunday: ClosedPremises: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 businessThe 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.

 

   
Year Business was Established: 2017
   
Number of Employees: 10  
   
Potential Growth/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.  
   
Owner willing to train: 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.  
   
Reason for selling: This is a retirement sale.  
   
Seller Reference Number: GD124
BusinessMart.com Listing Number: 284379
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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