The business is a specialist roofing company offering a comprehensive one-stop solution for domestic, commercial and heritage properties across South East England.
Services include repairs and maintenance of flat, tiled and slate roofing; installation of new roofs; chimney stack repair or removal; the installation of Velux windows; and cleaning, maintenance and replacement of gutters, soffits and fascias.
The shareholder is offering the business for sale to facilitate his retirement.
Offers invited.
Key Highlights
- Considerable experience of working on heritage buildings, with staff able to utilise traditional materials and techniques to complete complex repairs.
- Holds long-standing maintenance contracts with several blue-chip housing associations and property management companies, some of which span 16 years.
- Operates from leasehold premises.
- Expectations of growth in the new build market mean that business could increase by 50% by 2026.
Financial Highlights
- Turnover of £1.56m.
- Adjusted EBITDA of £413k.
- Average gross profit margin of 47%.
- Existing maintenance agreements with several property management companies are expected to generate up to £2m during 2024.
- Going into the remainder of YE24, the business has secured circa £325,000 of work.
