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Plumbing Heating Property Maintenance & Building Company For Sale

West London, London
Asking Price:
£350,000
Turnover:
£1,100,000
Net Profit:
Available on request

Established in 1988, this significant business specialises in two key areas of trading: Plumbing & Heating installation and Property Maintenance; and provides its services to domestic customers all over West London and the Home Counties. The business has traded since its establishment as a Heating & Plumbing business and acquired a Property Maintenance Company some years ago, as a way of widening the business’ expertise and increasing access to new areas of trading.

This is a family run company which takes enormous pride in its personal service, attention to detail, quality and professionalism, ensuring that the highest standards are maintained throughout the entire duration of a customer’s project; from introduction & enquiry through to completion.

Services are flexibly offered and full design and installation work can be carried out or partial and managed work according to the needs or wants of each individual customer. The business manages approximately 125 large and small jobs in any given week.

Plumbers in London

In line with the Company’s commitment to service quality and professionalism they aim to be among the most trusted Plumbers in London.

Since 1988, the company has built a reputation as one of the leading and most trusted plumbers that London has to offer, with a team that are fully trained, certified and a meticulous attention to detail.

The dedicated and qualified team carries out all aspects of plumbing and heating works from installing tap washers through to full re-plumbing.

Company services include:

Bathrooms

The company offers a free bathroom design service, including advice on the layout, materials, flooring, lighting, plumbing and heating. This is offered on a supply and fit or installation only basis as required.

Boilers

The company offers repairs, services and upgrades and a free, no obligation quotation service on the supply and installation of new energy efficient boilers.

The company is recommended by several boiler manufacturers including Worcester Bosch, Vaillant, Ideal and Glow Worm and as Accredited Installers is able to offer a variety of warranties.

Kitchens

Design and installation service in conjunction with leading Suppliers

Property Maintenance

Whether a customer wants to create more space, decorate a room or give their home a fresh new feel, the company’s property maintenance service covers London, Middlesex and Surrey; helping customers create original ideas, remove or build new partitions and upgrade windows and doors.

This comprehensive service is provided to both clients in residential properties and commercial sites.

Refurbishments

A complete project managed refurbishment service is offered, for all size of properties, houses, flats and offices; undertaking all trades including Carpentry, Electrics, Plastering, Plumbing, Brick Laying, Flooring, Painting, Fencing, Decorating, Electronics and Data. All works completed on time and in budget.

Roofing

All roofing and guttering work is undertaken, from a small repair to a complete new roof; including Flat Roofs, Gable Roofs, Framed Roofs, Dormer Roofs and Hipped Roofs. All operatives are fully insured and qualified.

With its current size, outstanding reputation and constant commitment to quality and excellence, this business offers excellent potential and great opportunities to expand. With excellent accreditations, product range, high levels of customer service and strong referrals, this is an excellent opportunity to acquire a very well established, leading, independent, Plumbing, Heating and Property Maintenance service provider.

Customer Service:

This business has the strongest commitment to customer service and the process for ensuring this begins with those staff receiving enquiries all the way through to project staff; all are suitably qualified. This is backed up through the company’s accreditations and registrations including:

• Gas Safe Register
• Federation of Master Builders
• ISO 9001
• Which Trusted Trader
• Trust Mark Approved

Key Strengths:

The infrastructure is in place including staff, facilities, knowledge, experience and accreditations for the ongoing success of this business. The many strengths of this business include:

• Profitability
• Infrastructure in terms of skills, staff, supply base, policies and accreditations
• Large historical customer base generating high levels of referral business
• One of the best known businesses of its kind in the region
• Reputation-ongoing recommendations from historical customers and trade suppliers
• Growth pattern and future opportunities in the sectors it serves
• Full turnkey solution

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 business is financially stable and has enjoyed excellent trading results year on year. This has resulted in a healthy order book and profitability to the owners and this trend is expected to continue in line with growth in the sectors it serves and the company’s reputation going from strength to strength.

Turnover for last financial year circa £1,100,000 p.a.

Gross Profits for last financial year circa £290,000 p.a.

Adjusted Operating Profits/EBITDA for last few financial years in excess of circa £144,000 p.a. (pre director drawings).

Net Assets circa £144,000.

Property information

Property:

Leasehold

Lease Terms:

Rent: c £2,750 p.a.
Rates: c £17,000 p.a.

The business also benefits from 9 x Sign Written vehicles, 5 owned, 4 leased.

Premises Details:

The business is managed from Leasehold premises (owned by the vendors) consisting of offices of circa 2,000 square feet, on one floor and externally, a storage yard adjacent.

The premises are situated on a busy trunk road with easy and ready access to London and the West.

Business Operation

Expansion Potential:

The business currently operates on a local scale (10 miles radius) but there is no reason why it cannot further develop its presence in the region and beyond should a new owner so require.

There is always a strong demand from domestic customers for this company’s superior service levels. There are also good opportunities to branch out further into the commercial sector should a new owner so wish. The housing sector is strong at present and large housing developments in the area are under construction and planned for the future. This business is ideally positioned to service this growing market moving forward as it already has the connections, accreditations and approvals in place and could be scaled up to exploit the many opportunities at its disposal.

Competition / Market:

The business enjoys high levels of repeat business, word of mouth recommendations and referrals from happy historical customers. It carries out local advertising together with an active internet marketing driving enquiries to the company’s attractive website.

Reasons for selling:

Retirement.

Employees:
12
Years established:
29

Other Information

Support & training:

The vendor is happy to provide a comprehensive handover to ensure a smooth seamless transition.

Contact Information

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