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Gas Oil And LPG Service Business For Sale

South East London, London
Asking Price:
£999,990
Turnover:
£1,470,000
Net Profit:
Available on request

Leading provider of gas, oil and LPG services to the commercial and domestic sectors

Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share capital of one of the leading providers of gas, oil and LPG services to the commercial and domestic sectors in the south-east.

Key strengths:

The business has the following key attributes:

• Comprehensive range of services, working on boilers, pipework, warm air heating, radiant installations and even catering equipment including LPG catering trucks.
• Well established and well recognised brand throughout the south and south-east of England.
• Broad customer base including third parties – Estate management, Property management and Facilities Management companies and domestic and commercial end users.
• Annual servicing and breakdown contracts in place with many customers.
• High levels of customer service.
• Highly trained, skilled and experienced workforce.
• Significant growth and expansion opportunities.

The business provides an acquirer with:

• An ideal bolt on for a company already operating in the gas services sector.
• An excellent opportunity for an organisation operating in an adjacent sector – an air conditioning services company, for example, looking to diversify.

Financial profile:

For the financial year ending June 2016, the business generated turnover of approximately £1,470million, gross profits of £943,000 and an EBITDA in excess of £515,000 before Directors costs. Shareholders Funds stood at almost £631,000.

The asking price of £999,990 is for the sale of 100% of the Issued Share Capital in the business, based on an adjusted Balance Sheet value of £201,400.

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