Sold. Scaffolding Contractor Substantial Stock Of Scaffolding With A Market Value Exceeding £500,000

Scaffolding Contractor Substantial Stock of scaffolding with a market value exceeding £500,000
Ref.GB167
Location Hertfordshire
Asking Price £350,000
This business was formed in 2000 and since then has grown into one of the leading local scaffolding companies in Hertfordshire. Having built a reputation amongst a number of National and Local house builders, a high percentage of the turnover comes from this returning and growing market. Having been involved in the scaffolding business since leaving school, the current owner has utilized all of his experience and knowledge to develop an operation enjoying significant growth as a result of providing high levels of customer service and reliability, all at a competitive rate.

With a very diverse customer base, this business provides a comprehensive scaffolding erection and hire service for all types of requirements from the individual who simply needs a platform for an extension, to the large company that requires scaffolding for a Large New Build Project, maintenance or refurbishment.

This company is a very service oriented, customer driven business and offers a professional reliable and efficient service to all of its customers. It goes out of its way to understand its customers’ requirements and sets out to exceed their expectations – something it always achieves as demonstrated by the significant levels of repeat business and recommendations it receives.

As much as this business is customer driven it is equally, if not more so, committed to safety and safe working practices. As such, its Health and Safety record is second to none with the vendor personally ensuring its strict policy and commitment to safe working practice is maintained at all times.

This is a business demonstrating ongoing growth. Turnover for the financial year was approximately £514,000 generating gross profits in excess of £250,000 and an EBITDA figure exceeding £130,000. Turnover is on target to increase significantly during the current calendar year with a commensurate profits increase. As such, this represents an excellent acquisition opportunity for an existing operator to extend their penetration of this very lucrative marketplace or alternatively for a new entrant looking to establish a foothold in this sector.

Expansion Potential
This well established, well-respected business enjoys an excellent reputation within the industry for reliability, honesty safety and integrity. It is open with its Clients letting them know of any issues or difficulties with a project well ahead of time rather than letting them down. It is well known amongst its Clients for being cost effective, efficient and working well within time constraints to ensure contracts are completed fully to the Client’s satisfaction. As a result the business has grown significantly in recent times with high levels of repeat business and new customers drawn to it as its reputation has grown.

Market / Competition / Non-Competition Agreements
Having been established for over ten years and with a significant loyal, repeat Client base ensuring the business is frequently operating to capacity this business has had little need for marketing and advertising in the past – only appearing in yell.com. Perhaps its most prominent advertising presence is its signwritten vehicles acting as mobile advertising hoardings within its local marketplace.