BusinessHilton Smythe are delighted to present to the market Diamond Road Markings, a highly regarded road lining business, first established by our client in 2001. The business is currently run to suit our client who is now looking to sell to semi retire, previous years turnover achieved over £235,000 with an adjusted net profit of around £106,000.30% of our clients’ turnover is derived from 1 main highways client, this workload could easily triple as the demand is there for more work. Any new owner who carries out this increase will see an instant uplift in current turnover levels.Diamond Road Markings specialises in quality road marking services, this ranges from work carried out at schools (playground and parking areas), large factories, offices, sporting grounds, car parks, shopping areas, airports and forecourts.They have worked with a variety of local authorities, highway agencies, offices and schools including the South East’s main highways contractor Eurovia. The business offers a no obligation free quote.All staff are fully qualified with CSCS cards.Currently our client works with 8 regular repeat customers however this could easily be increased due to the number of connections the business knows within this niche sector. Increasing the current team and trucks would also result in the current turnover levels being doubled.The current website, Facebook page and Yell.com advertising will be included.Our client will offer a full business handover.
In our experience, businesses of this type with regular and potential for more work rarely come to the market at this price and therefore recommend early viewing to avoid disappointment.LocationDiamond Road Markings is currently run from our clients’ home in Bromley, Kent who also rent a nearby storage space for their 2 trucks and equipmentThe core work is undertaken in and around the M25 motorway area but they also cover the Home Counties and the South East of the country. Any similar company based on the peripherals of this territory could make this business an ideal bolt to their current business.They are on several blue chip company’s preferred list of road lining business to use and regularly undertake work for high profile clients such as the O2 Arena in London, Kensington and Chelsea council, the City of London Corporation which includes road surfacing work at Tower Bridge.The business is being sold as fully transferable operation however would suit someone looking to establish themselves within the Greater London area.Premises
- 2012 Fully customised Ford Transit (3.5 tonne)
- 2011 Fully customised Mitsubishi truck (6.5 tonne)
- Road lining pram
- Large choice of moulds, jugs and hand tools
- Stock of road lining paints in varied colours.
This is a business only opportunityHours
The business mainly operates Monday to Friday but due to the nature of the work, working out of hours and weekends are also required.Staff
The business is currently run to suit with our client, wife and son managing the current workload. Previously they had 4 x full time staff members working within the team.Financial Profile
The business is now run to suit, 2018 Turnover will show just over £100,000, previous 2 years an average of £200,000 and a 3 year average adjusted net profit of around £80,000.
Is this business relocatable: