Construction businesses for sale in Southampton

View the "SPECIALISED DIAMOND DRILLING, CUTTING & CHASING IN SOUTHAMPTON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £195,000
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Business Description
LOCATION:

The business is based in Southampton but could be easily relocated anywhere in the South of England.

BUSINESS:

In the same hands for 30 years, this privately-owned specialised diamond drilling and cutting business is based in Southampton and has a proud trading history within the construction industry. With an outstanding reputation for delivering projects on time and on budget, the business operates profitably and predominantly in the South of England. However, their specialist teams have also been mobilised to undertake projects in The Channel Islands, France and Gibraltar. This business represents an ideal bolt-on acquisition opportunity as it is fully re-locatable within the current client radius. The business also enjoys high volumes of repeat business. The goodwill and assets of the business are now offered for sale as the two owners wish to retire. An article in Industrial Diamond Review a few years ago described what was perhaps the biggest diamond wire sawing operation ever carried out in the UK by this company. The building of a new electricity power station near Southampton involved the removal of nearly 1,500 tonnes of heavily reinforced concrete in thicknesses up to 2.4m. Selected to carry out the wire sawing, which involved the removal of 1,441 tonnes of heavily reinforced concrete, it was considered the biggest contract of its kind in the UK.

TRADE:

Accounts inspected by Adams & Co show turnover for the year ended 31st of May 2015 of £353,601 with gross profits of £164,268 (46%) and reconstituted net profits of £114,978. This compares favourably with the performance of the business shown in the accounts for the previous year with turnover of £324,453, gross profits of £157,578 (49%) and reconstituted net profits of £111,034.
Please note that all figures exclude VAT.

STAFF:

The business employs 4 specialised on-site operatives. TUPE regulations will apply to the transfer of this business.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:

A retirement sale, this represents an ideal bolt-on acquisition opportunity for a business involved in the construction industry.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Tenure: Leasehold

Location Details:

The business operates from an office in Southampton but is relocatable.

Leasehold Term:

The business operates from an office in Southampton but is relocatable.

Is this business relocatable: Yes

Listed by: Adams & Co
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HW1491
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