Total of 18659 firms and businesses for sale today Thursday 2nd May 2024
Sold. London Council Property Repair/maintenance/refurbish/construction Subcontractor
LISTING DETAILS
Firms For Sale ID:
34398
Vendor reference:
GK268
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£350,000
Turnover / revenue:
£666,967
Net profit / cashflow:
£134,943
Years established:
8
Number of employees:
15
Employees / staffing:
There are two owners. Additional staff employed are a loyal workforce of 15 subcontracted staff who have considerable expertise in this line of work.
OTHER DETAILS
Reason for selling:
The owners want to take on some new challenges.
Support and training:
Support and training will be provided to ensure a smooth transition of ownership.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
London Council Property Repair/Maintenance/Refurbish/Construction
Subcontractor
Ref. GK268
Location : London
Asking Price : GBP350,000
Started in 2008, the business was incorporated in 2011. The business works as a multi trade subcontractor offering a full range of decorating and general refurbishment work. The work undertaken is for a London council, currently handling only a central section of a larger area. The business is contracted via a main contractor to refurbish and maintain council homes and empty council properties. The core business involves repairs and maintenance of social housing providing a highly professional, reliable and competent service.
Due to its very professional standards the business is already on an approved contracts list and is a preferred contractor, offering a comprehensive property refurbishment service at a highly competitive rate. All work is thoughtfully planned, carefully carried out to the highest of standards and is fully guaranteed. Jobs undertaken include painting, decorating, kitchen and bathroom improvements, general refurbishments and much more.
The company has great growth and profit potential, using the current achievements with councils to tender and expand the number of councils and areas they are working with.
Expansion Potential
Expanding the business with additional council work is a definite way forward for new owners. Since inception this business has performed to a high standard and has earned wide-recognition for the quality of services provided.
This is a marvellous opportunity for an individual or an existing company to develop and expand on an excellent foundation, possibly with further promotion of the business services to a wider area.
Market / Competition / Non-Competition Agreements
With very limited advertising the business has reached its current level on the back of excellent standard of workmanship. The company has an up to date website and a strong company brand in place. These key factors and word of mouth recommendation have contributed to the business reputation.