Suspended Ceiling Contractor With Partitioning Work Undertaken

Price:

Leasehold - £325,000

Turnover:

Seller Ref:

1266NR

Location:

Norfolk

Business Type:

Service Businesses

See Other:

Builders for sale in Norfolk
Other service businesses for sale in Norfolk
Service businesses for sale in Norfolk

Description:

THE BUSINESS:

HISTORY

• Business founded 35 years as a regional ceiling contractor
• Acquired by the vendor 14 years ago
• Good mix of commercial and public sector work
• Reliable base of sub contractors and building industry contracts

REASON FOR SALE

• Retirement

SERVICES

• Supply and installation of suspended ceilings and partitions to customer specification
• Over the counter sales for customer and DIY installations
• A source of advice and guidance to a broad base of customers

CUSTOMERS

• Sub contracted work undertaken for a number of sizeable regional and national building contractors
• Work undertaken in various public building especially schools following successful tender

PREMISES AND EQUIPMENT

Office/Warehouse

• Reception area
• 3 x offices
• Kitchen
• Ladies and Gents WCs
• Restroom
• Warehouse/Workshop facility with loading area

Separate Workshop/Office

• 2 x offices
• Large workshop area

Yard

• Yard with parking to front of office buildings and parking to rear
• Ample loading space

Equipment

• 3 vans included within consideration price
o 2005 VW
o 2002 Citroen
o 2006 Mercedes
Quantity of sundry tooling and equipment appropriate to trade

STRENGTHS

• Excellent reputation forged with local building trade over many years
• Splendid portfolio of work undertaken
• Consistent financial performance offering high earnings for the new owner
• Loyal, trained and capable workforce of sub contracted labour ensuring low overheads are maintained
• Security of long Council lease on the property
• Spacious facility

SCOPE

• Business development activity has been limited with most work being generated through referrals; business run at a pace to suit retiring director
• Web based marketing with introduction of website
• Introduction of additional services such as plumbing or electrical work
• Current site has plenty of office and workshop space for expansion if required

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.

Location Details:

• Business trades from offices and yard located close to centre of large Norfolk conurbation • Ideally positioned near to centre and with good road access to other parts of the county • Ample secure storage on site • Plenty of parking for both staff and visitors

Lease Terms:

• Long leasehold with 41 years remaining of a 75 year lease • Ground rent £4,600 per annum • Business rates payable £5,327 per annum