A rare opportunity to take over a Painting, Decorating and Handyman business in the South Yorkshire and Derbyshire Area with current base in Sheffield.
This business has been trading for 25 years and generates a very good income for the owner. Current turnover of £70k and Gross profits of over £42k. The opportunities for expansion and taking on full time staff are great, the current owner uses contractors to support his work and with full time staff the jobs he turns down because he is too busy could easily take this business past the £100k mark within a year.
The owner has a fantastic reputation with 30 five-star reviews on Yell.com and is willing to work with the new owner to ensure a smooth transition and an introduction to his clients over a few months. Based in Sheffield the business covers much of South Yorkshire and areas of Derbyshire including the Hope Valley.
The business focus is on painting and decorating but as the years have passed the owner has done more and more handyman jobs, such as hanging curtains rails, building flat pack furniture, tiling, door hanging etc…
This business would suit an existing painter and decorator that has been working for someone else and wanting to set up on their own. The benefit of buying this means a ready-made client list with a recommendation from the existing owner and an introduction into the business with any support and training needed over the first few months of transition.
Alternatively, this could be an opportunity for an existing business to expand their client base further at a very low cost.
Covid has seen an increase in domestic work and what people want from their homes. As we now try and find some sort of new normality with our lives living with a pandemic. Peoples attitudes to their homes has started to change and there has been a noticeable increase in enquiries both in decorating and handyman services. To the point where work has been refused and passed on to other tradespeople.
Homeowners are now wanting more from their homes. What was just a haven to come back to at the end of a working day is now becoming much more. People are working from home, creating office space, schooling children, creating gyms, adding washrooms and extra toilets. A similar thing is happening in gardens as they become places to meet more often, shelters, pods, and more outdoor living spaces are being created. All these things are fuelling an increase in decorating and handyman work which can be tapped into by the correct type of advertising. This business would lend itself to these new possibilities. Potential buyers can individuals, business partners but also to the personal touch of a family enterprise who are capable of working together.
Now would be the perfect time to invest in a small business with a proven track record such as this. By using todays technology to a greater advantage than the business uses it at present then there is no reason why this business can't grow.