Dyno Rod And Dyno Plumbing Franchise For Sale

Business description

Rarely do such well known and profitable franchises become available to purchase, but the owners of the Dyno Rod and Dyno Plumbing franchise on Teesside are now looking to retire.This offers an excellent opportunity for someone to take over a business that has shown continual growth and profits over the years working with a nationally recognised and highly reputable company.

Dyno Rod, as most people know, are the UK’s number one specialist in unblocking, repairing, inspecting and the maintenance of drains. Dyno Plumbing is the other arm of the business and is a natural extension working hand in glove with the drainage services.

The business has the franchise for the both services across Teesside and Darlington postcodes covering highly industrial Teesside and the more rural Darlington area. Across these two areas the company have built up a huge database of both regular repeat industrial clients and domestic customers. The company offers a full seven day a week, twenty four hour emergency service to customers making them a reliable and essential service provider.

There is a small team of skilled and experienced engineers, of which one is the owner and a fully skilled plumber, all of whom receive regular updated skills training. They have the back up of an office and call centre with the Dyno Rod head office acting as a central, weekend and holiday call centre.

The business is highly profitable, has no bad debts and runs smoothly with a highly impressive history of growth. There are excellent opportunities to expand and grow the business and this is a genuine retirement sale.

Key Strengths:

This is a well established franchise with a superb name and reputation which is widely acknowledged as the market leader in its field in the UK.

The business runs smoothly with a strong and stable cash flow and has no borrowings. The company has enjoyed consistent growth and profits over the years.

There is a regular flow of jobs with continual work in progress. The company retains a high level of repeat business with a growing number of contracts and also the business benefits from the national advertising that is generated by the Dyno Rod head office.

The franchise has an ideal mix of areas with the busy industrial area of Teesside providing valuable commercial contracts as well as domestic customers and the more rural area of Darlington which provides primarily a number of domestic work

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 turnover is circa £587,000 per annum with Adjusted Net Profits of circa £220,000.

Property information

Property:

Leasehold

Lease terms:

It is fully alarmed and pays a rental of circa £10,000 per annum and rates of circa £1,300 per annum

Location:

The business has a small leased industrial unit, circa 1500 square feet which has an office and storage plus a maintenance area. It is fully alarmed and pays a rental of circa £10,000 per annum and rates of circa £1,300 per annum

Other information

Expansion potential:

There is great potential to build upon the solid foundations that this business has established.

The owners believe that a new owner with fresh enthusiasm and energy could take on extra work which at present is turned away. This would include becoming Corgi Registered and taking on Gas servicing and maintenance work plus also taking on electrical work in the home and the work place. They could if needed even sub contract this work which at present is given away to other contractors.

The Dyno Rod services could benefit in the future from Local Council sewerage work, which at present they don’t handle.

The Dyno Plumbing business was established in the area in 2006 and tends to get its business by “piggy backing” on to the Dyno Rod service. This business could easily double in size by concentrating on marketing its own service to alternative clients who require a plumbing service.

Support & training:

The owners would be happy to help out with a smooth transition of the business and help in anyway possible. They are prepared to help for a period of time to help the new owner.

Reasons for selling:

The owners have been working tirelessly to build the business up for the past 24 years and would now like to take life easier in their retirement.