Industrial Roofing Contractor With Historic Building Expertise
Price:
Leasehold - £550,000
Business Type:
Corporate Businesses, Service Businesses
LEICESTERSHIRE
ROOFING CONTRACTOR WITH SPECIALIST KNOWLEDGE OF ECCLESIASTICAL WORK AND EXCELLENT CUSTOMER BASE
• Established 15 years
• Turnover £1,357,926 (Draft 2011)
• EBITDA averaging £126,750 per annum over the last 4 years
• Leasehold £550,000 + Shareholders’ funds of circa £500,000
• Reference: 1181 LE
BUSINESS SUMMARY
This consistently successful company has developed an excellent reputation in the installation and maintenance of all roofs throughout the country, with particular emphasis on industrial roofing. Trading from its base close to Leicester, customers are located throughout the UK and are a mix of personal (mainly sub contracted), business and public sector/charity bodies. A particularly important sector is work on churches and other historic buildings. Good relationships with manufacturers and suppliers allow a very wide range of products to be sourced and supplied to specific customer requirements. The company has particular expertise with copper, lead, zinc and stainless steel roofing. Beyond this, the company also offers a range of general plumbing related services.
Our client has enjoyed a successful trading history spanning the last 15 years. During this period, the business has generated significant and consistent profits. The customer base is well spread and the business benefits from a stable, well qualified and highly trained staff, with exceptionally low rates of turnover. In financial terms the balance sheet is very strong, with a consistently high EBITDA figure ensuring excellent earnings for a new buyer – averaging over £125,000 annually over the last 4 years. There is also a considerable quantity of shareholder value within the business.
Over the last 10 years the company has both consolidated its position within the market place and developed a number of new customers. Overall, the market for roofing services is strong from both a perspective of new commissions, but also through ongoing periodic maintenance work.
The company would be an ideal purchase for a similarly sized or larger corporate with a good knowledge of the industry and with an acquisitive growth strategy. Such a purchase would give access to mature repeat customer base, a company with solid financials and a reliable staff compliment. The business could also appeal to a rival firm, or alternatively, a company operating within the wider trade or property maintenance sectors, seeking additional market penetration and product ranges.
SCOPE AND POTENTIAL
The company is located centrally within the UK. As such, it is ideally placed to exploit opportunities that will invariably arise over the next few years. Marketing at present is essentially limited to the company website and word of mouth. The order book has always been full through recommendation and referral. Focus on business development activity generally would easily increase the company’s share of what is a sizeable market, particularly in the south east of the country. It is considered the market for work on historic buildings, mainly churches and historic houses is set to expand considerably.
Our client has concentrated on work within the industrial roofing sector. There would be considerable scope to develop a customer base within the wider property maintenance sector. In addition, there would be an easy cross over into the construction market or other trade based work. There is considerable opportunity to extend the number of maintenance contracts.
FOR FULL DETAILS PLEASE SIGN AND RETURN THE CONFIDENTIALITY AGREEMENT
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
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