Business To Buy
Profitable Plumbing & Heating Business |
| Essex, ---Europe |
Well Established and Profitable Plumbing & Heating Business
Location: Essex
Asking Price: £175,000 including Net Asset Value
Business highlights include:
Turnover 2023/4 circa £600,000 p.a.
Gross profit circa £215,000 p.a.
Adjusted two year avge EBITDA before drawings circa £130,000 p.a.
Net assets circa £53,000 excluding cash & debt
Very well established with long term client base
Loyal experienced and trained staff
Repeat and longstanding residential customers
Full range of accredited services
Business Profile:
This family run business was originally founded in 1980 to provide domestic and commercial heating and plumbing services in the Essex and surrounding area.
Plumbing & Heating Services
The business and has grown an enviable reputation within the area in boiler repair, breakdowns, installations, central heating and general plumbing.
The business is well structured with an excellent and consistent trading history and repeat client base showing continuous profit. There is enormous potential to grow the business further.
The services provided include:
• Boiler Repairs and Servicing
• New Boiler Installations
• Central Heating Systems
• Power Flushing
• General Plumbing
There are 6 members of staff employed across the business.
Clients:
The business has a large and loyal residential client base.
Technology:
All necessary IT equipment and software is in place to run a successful heating and plumbing services business. A full inventory of equipment is available on request.
Key Strengths:
Great reputation
Specialist services in high demand
Fully insured and accredited Gas Safe
IPHE Member
Certificated for Unvented Hot Water Systems
Certificated for Energy Efficiency for Domestic Heating
Advertising:
The business does not currently need any active marketing as all business has come mainly from strong ongoing relationships with customers and word of mouth referrals and recommendations.
Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business has an active website with contact form.
Employees:
The business is supported by 6 staff including:
2 Directors (1 part time office administration (replacement cost £10K pa), 1 part time engineer – 3 days a week
2 Full time registered service engineers
1 Part time sub contracted registered service engineer
Business Hours:
Monday to Friday: 8:00am – 5:00pm
Saturday & Sunday: Closed
Premises:
The business currently operates from the director’s homes and could easily be relocated.
Assets and plant owned by the business
The business does not need to hire in any plant as all necessary plant and equipment is owned outright by the business and will form a part of the sale.
A full asset list is available on request.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business has achieved a history of excellent turnover and profits consistently over 5 years.
Turnover to 30th September 2024 £609,525 p.a.
Gross profit circa £215,350 p.a.
The average EBITDA before a single owner’s drawings over the last two years is £130,000
The Asking Price of £175,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of £175,000 assumes a NAV of £53k with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £53k.
A complete asset list is available.
Reason for Sale:
This is a retirement sale.
Support and Training:
The existing directors and shareholders will provide full support and training to any purchaser.
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Financials |
| Price: $175,000 |
| Gross Income: $0 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #GK296 |
| Year Established: 1980 |
| Financing: |
| Training: |
| Facilities: |
| Competition: |
| Growth: |
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| Business Listed By |
| Name: Andrew Hudson |
| Company: Turner Butler |
| Phone: 01895 25 6000 |
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| The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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