Business Summary:
Ref No: JC032Location: South WalesAsking price: £350,000 + net assetsBusiness highlights include:TURNOVER: c£1,100,000 (2022 accounts)GROSS PROFIT: c£403,000EBITDA: c£175,000 Before Director’s drawingsNET ASSETS c£130,000Order Book & WIP c£400,000Key Considerations• Highly reputable company based in South Wales• Long term relationships with well known house builders• ISO 9001: 2015 accredited• Widely known for prompt and caring customer service• Skilled, experienced and well-trained staff• Quality and immediacy of communications• High levels of customer satisfaction and loyalty• Multiple accreditations including HERS-HEA, NICEIC, Construction line & SMAS• Excellent springboard for future growth including geographic expansionBusiness Profile:The opportunity exists to acquire by way of a share purchase all of the issued capital in this supplier and installer of street lighting & road signage company (“the Business”)In the South Wales region and the West parts of England, the Business has become one of the most successful and respected supply & installation of road signs and street lighting companies for its customers and clients, many of which have been customers since the earliest days of trading. It operates in the commercial and industrial sectors including Housing Associations, House Builders and Construction Companies. The Business is a trusted and much relied upon company and is considered a leader in the region. It has built its name on superior customer service, highly skilled staff, top quality project delivery, 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 approved member of HERS-HEA, NICEIC, Construction line & SMAS. 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.The Business has shown itself to be robust during some trying economic times and is well placed to take advantage of its reputation for products & service combined with increasing levels of demand. It is felt that the demand for new projects is challenging the resources of the Business and the sale of the Business to new owners with the capacity & managerial capability to cope with the demands of growth would yield much benefit.All relationships have significant scope to increase works. The business has the ability to easily maintain its £1m plus turnover but with new owners it is believed that within a few years this could reach more than £2m with commensurate margins.Key Opportunities:This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas, investment and energy levels will have every advantage of building on an excellent platform to take this business to its next level.The business maintains many satisfied customers, who appreciate the company's superior products and skill sets, attention to detail, value for money and service. There are many excellent avenues for growth, especially within the current operations and include greater capacity by investment in plant and extending new business further along the M4 corridor with perhaps new premises.Employees:The Business employs: 1x Full Time Electrician3x Labourers1x Administrator & AccountsPremises:The Business operates from modern premises with office facilities located near the M4 Motorway and offers easy access to all the main motorways and roadways throughout the area.Reason for Sale:The current owner feels that the demand for new work placed upon the Business highlights the requirement for a new owner with the resources to take full advantage of the opportunity.The current owner would be available in a consultative capacity post completion, if desired.Financial Information:TURNOVER: c£1,100,000 (2022 accounts)GROSS PROFIT: c£403,000 EBITDA: c£175,000 Before Director’s drawingsNET ASSETS c£130,000Order Book & WIP c£400,000The asking price is predicated on there being no cash and no debt at completion.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. Asking Price:The Vendors are seeking offers for 100% of the issued capital of the company in the region of £350,000 assuming net assets of £130,000 on completion. There will be a £ for £ adjustment to the final sale price to reflect any movement away from the £130,000 net asset position.
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