Plumbing and Heating for sale in Essex

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Profitable Plumbing & Heating Services Business with Retained Management

Essex, England

  • Leasehold Price: £2,000,000
  • Annual Turnover: £2,000,000
  • Annual Net Profit: £650,000
Seller Reference: MC/HPLLON
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Business Description
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Seller Reference: MC/HPLLON
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Business Description
Established 5 years ago as the result of a merger, this opportunity has rapidly developed into a very profitable plumbing and heating services business typically generating annual sales in excess of £2M.

Located in Essex and predominantly operating within the M25, the business provides the full range of plumbing and heating / air conditioning services either on a turnkey basis including design, or more often on a subcontract basis. Its quality of work has secured representation on preferred supplier lists, allows it to access larger contracts, often on prestigious London commercial developments. The blue chip nature of its client base would normally be reflective of a larger organisation.

Turnover in the current year is down slightly as a direct result of Covid-19 but is expected to return to levels in excess of £2M for the following year, with a positive outlook for growth, driven by a robust pipeline, the green agenda, the trend in smart technology applications and the focus on public sector projects as a way of stimulating the economy. Many of its longstanding clients are also growing, which affords further opportunities. While the performance of the business can vary by year according to the nature and size of the major contracts in each year, the business has averaged an adjusted EBITDA of c £650k over the last 6 year period.
Having developed a very successful and profitable business, the vendors believe that others are better equipped to take it through its next phase of growth but both are amenable to remaining with the business.

The guide price sought by the vendors for 100% of the shares of the company is £2.0M. The business will be sold on a debt free cash free balance sheet with a Net Asset Value at Completion expected to be c £750k. This opportunity would be an attractive bolt-on acquisition for larger trade buyers, would integrate into a broader M & E operation or would suit individuals seeking a robust standalone business in the heating and plumbing sector.

The business is being exclusively marketed by Morton Christie Ltd at and enquiries should be directed to them in the first instance.
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