Business To Buy
Well Established and Profitable Plumbing & Heating Business |
| UK, ---Europe |
Well Established and Profitable Plumbing & Heating Business
Location: Northamptonshire
Asking Price: £750,000 including Net Asset Value
Business highlights include:
Turnover 2023/4 circa £1.2m p.a.
Gross profit circa £444,000 p.a.
Adjusted EBITDA after drawings circa £220,000 p.a.
Net assets circa £30,000 excluding cash & debt
Very well established with long term client base
Loyal experienced and trained staff
Repeat and longstanding residential and commercial customers
Full range of accredited services
Business Profile:
This family-run business was originally founded in 1983 to provide domestic and commercial heating and plumbing services in Northamptonshire and the surrounding area.
Plumbing & Heating Services
The business 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
• Commercial gas qualified for servicing, maintenance and installations
• Commercial plumbing services
There are 10 members of staff employed across the business, including the owner, a General Manager. The owner takes a managerial role and his and the General Manager’s salaries are included in the calculation of the adjusted EBITDA.
Clients:
The business has a large and loyal residential and commercial 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 do any significant 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 10 staff including:
5 full time engineers
2 administrative staff
1 manager
2 apprentices
Sub contract labour available as required
Business Hours:
Monday to Friday: 8:00am – 5:00pm
Saturday & Sunday: Closed
Premises:
The business currently operates from leased premises at an annual rent of £12,000 per annum and terminating in 2028.
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 the last 5 years.
Turnover to 31st May 2024 £1,186,459 p.a.
Adjusted Gross profit (excluding ex-director) circa £444,000 p.a.
The adjusted EBITDA after a single owner’s drawings was £220,000
The Asking Price of £750,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price assumes a NAV of c£30k with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £30k.
Reason for Sale:
This is a retirement sale by the owner in order to pursue other interests.
Support and Training:
The existing director and shareholders will provide full support and training to any purchaser.
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Financials |
| Price: $750,000 |
| Gross Income: $0 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #GK298 |
| Year Established: 0 |
| 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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