Total of 18659 firms and businesses for sale today Saturday 11th May 2024
Sold. Property Maintenance Company
LISTING DETAILS
Firms For Sale ID:
13641
Vendor reference:
CR094
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£750,000
Turnover / revenue:
£1,500,000
Net profit / cashflow:
Undisclosed
Years established:
17
Number of employees:
15
OTHER DETAILS
Reason for selling:
The director and sole shareholder of the business has decided to take early retirement
Support and training:
One of the directors will be prepared to stay with the business for a twelve-month handover period to ensure that the transition is seamless
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The present lease has three years left to run at an annual fee of £10,000 per annum
BUSINESS DESCRIPTION
Property Maintenance
Company
Ref.CR094
Location Midlands
Asking Price £ 750,000
This company has been trading for approximately seventeen years and is a well established and respected operator in its market sector. It has four main contracts with a national property services company who work exclusively for City Councils and a number of additional commercial relationships with housing associations. Contracts include ground works, brickwork, fencing and internal works, roof repairs, and void property services to bring the premises back to a standard fit for habitation. The business also carries out a large amount of work for a National chain of Childrens Nursery’s . Their success in this sector has been based on their ability to understand and work around the sensitivities and demands of the client and to operate in challenging surroundings during the normal working day of the nursery’s. They are also extremely active in the major loss market and act on behalf of insurance companies working closely with a number of loss adjusters. In addition they have their own division which supplies scaffolding equipment to their contracts thus negating the need to bring in outside sub contractors. This increases efficiency and profitability.