Based in Sussex
The company is a provider of driveway installation, resurfacing and repair services for commercial clients, public-sector organisations and private individuals across East and West Sussex.
Other services include private road paving and resurfacing, vehicle crossovers and dropped kerbs, car park and playground resurfacing, road marking and professional lining, and cleaning services for a range of environments.
Working with a variety of materials, including block paving, bricks, patio slabs, asphalt, gravel and resin, amongst others, the company generates work on an ad hoc basis, with some repeat business derived from builders and local councils.
The company is being offered for sale to facilitate the Shareholder’s retirement.
Offers invited.
Key Highlights
- Excellent brand and reputation in the local area has ensured a steady stream of business and a high volume of referral custom.
- Received 937 enquiries in the last financial year, 45% of which resulted in work being booked.
- Experienced team in place to lead day-to-day activity post-sale.
- Operates from leasehold premises.
- Considerable scope for growth, with the potential to open a second office to widen the company’s operational area.
- Strong pipeline for the foreseeable future, with approximately four new enquiries received on a daily basis.
Financial Highlights
- Turnover of £1.6m, with adjusted EBIT of £293k.
- Average gross profit margin of 43%.
