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View the "Ultra High Pressure Water Blasting Southampton" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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C. McFarquhar (Apr 2017)
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Leasehold Price: £1,000,000 Turnover: £1,880,538 Gross Profit: £600,343
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Business Description
BUSINESS
Hilton Smythe are privileged to offer to the market Specialist Blasting Services Ltd, established by our client in 2012 and offered for sale to allow, him to finally retire. The business has an unrivalled reputation within the marine refurbishment with lots of opportunity to expand.

SBS Specialist Blasting Services Ltd operate across a variety of industries, marine, petro-chemical, heavy industry, offshore and local authorities. However, the bulk of the current workload is dedicated to the marine refurbishment industry.

Our client has engineered his own specialist equipment used to UHP (ultra-high pressure) water blast clean, using either a dockboy or lance to direct the flow of water at a rate of more than 35,000PSI. The pressure of water blast off coatings of paint, rust, grease and prepares the steel for a fresh coating system. The water is pumped via Euro 3 compliant low emission Diesel engines, the pumps operate between 12-38 litres per minute.

The services include tank cleaning, hand painting and cleaning.

Our client offers 3 types of abrasive planting slurry blasting, grit blasting, track blasting to remove paint, rust, scale, carbon and similar deposits in the engineering industries.

Hot metal spraying is a surface coating process where a range of metals can be sprayed onto another material.

Additional services include mechanical preparation, coating applications, airless spraying and cold cutting.

Our client currently undertakes an average of 9 jobs per month of varied sizes, averaging £200,000 per month. Invoices are paid on a 30-day process which is factored into the business model.

Our client works with 13 regular clients which could easily be boosted with an increase in the current workforce, adding bigger valued jobs including entire ship repaints, which would massively increase current turnover. Operating solely in marine refurbishment, undertaking more land based projects such as refurbishment and repaint of motorway bridges would both increase turnover and the area the business currently operates in.

LOCATION
Specialist Blasting Services Ltd is run from our clients office in Southampton, Hampshire as well as his own freehold site in Plymouth which will be available for a new lease if required or relocatable to a new location chosen by any new owner.

Our client is able to undertake jobs throughout the UK and Europe if required; however, the bulk of the work is derived from the many ports located within the south west of the country.

Southampton is an ideal office location due to its locality to many shipping ports as well as accessibility along the M27/A27 to Portsmouth only 23 miles east and the M3 motorway to the north connecting to the rest of the country.

Our client's office sits alongside other engineering/manufacturing companies based on a secure industrial site, with free parking and security office.

PREMISES
Full list of equipment to be advised.  

TENURE
The business is being sold as a Leasehold opportunity.

Original 7 year lease.

6 years remain as of 2017.

Rent of just £9,300 per annum.

 

Plymouth property is available under a new lease if required.

HOURS
Open all year to customer demand.

STAFF
Owner ran with the help of 9 full time staff and approximately 25 sub-contractors employed when the work is required.

FINANCIAL PROFILE
2017 accounts showed a turnover of circa £1,880,000; with a gross profit of 32%.

Assets worth over £500,000.


Tenure: Leasehold

Listed by: Hilton Smythe
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14418 I
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