Overview
Description
The company carries out a wide range of services at domestic and commercial properties within Wales. Its activities include septic tank, treatment plant, cesspit and chemical toilet emptying; inspection and maintenance of road gulleys, grease management systems, drainage and culverts; CCTV drainage survey; road sweeping and dust suppression.
A 24-hour call-out service is operated, and the business utilises various vehicles, equipment and technologies to effectively provide its offering. A large asset register will be included in the sale.
Our clients are now offering the company for sale to facilitate the Directors’ retirement plans. Offers invited.
Key Highlights
– Highly accredited company, holding accolades with industry bodies such as CHAS and ISO.
– Works with private individuals, across the public sector and within markets such as leisure, hospitality and construction.
– Strong agreements in place with active clients, operating as the preferred supplier to two key local authorities.
– Wealth of expertise in place, with the potential for an existing employee to move into an upper-level management position.
– Operates from shareholder-owned premises. Our clients would prefer to retain the freehold and lease the site to the business acquire post-sale; however, this is open for negotiation.
– Scope for growth through diversification of the service offering, recruitment, expansion of the remit, and the implementation of additional marketing strategies.
Financial Highlights
– Generated a YE23 turnover of £1.3m, with an adjusted EBITDA of circa £190k.
– Average gross profit margin of 92% between YE20 and YE23.
– Approximately 80% of the business’s overall revenue is generated by existing clients.
– 71% tender success rate, with numerous opportunities in the pipeline for 2023/24.
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