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Well-established Building Contractors Business. For Sale

UK
Asking Price:
£999,950
Turnover:
£2,128,501
Net Profit:
Available on request

Business
Please quote reference B05925

Hilton Smythe are delighted to present to the market a highly renowned building contractors with over 40 years trading history.

The medium sized building contractors is now being offered for sale due to our clients wish to now retire.

The traditional builders yard comprises a dedicated joinery and stonemasonry workshop, several storage units, a fleet maintenance shed and admin offices. More importantly, this hands on contractors comes with a highly trained and loyal workforce of over 20 tradesman.

We are advised there will be a comprehensive handover period to ensure both the smooth transition of the workforce but also the client base and current work schedule.

The unique selling point of the business is the depth of work they carry out – from individual residential conversions to the careful restoration of important historical buildings and offices.

Our client identifies they run the business to suit their own needs and that any new owner will have the infrastructure and contact base to significantly increase the current turnover when required.

The award winning builders are known to constantly deliver a quality level of work, seek to support a local and regional workforce and be straightforward in its approach.

** Received the Conservation Award in 2012.

“In conservation work, you need a contractor who really understands the building and knows what needs to be done. The business is just that. A decent firm who care about what they do – they’re approachable and it’s easy to just pick up the phone and chat to them.”

The list of services includes –

General Building Contractors

Listed Building Specialists
Conservation
Renovation
New Build
Extensions
Conversions

Joinery

Sash and case windows
Panelled doors
Kitchens
Cupolas
Manufacture of Thermal Shield TM secondary glazing

Private Client

Stonemasonry

In-House stone masonry Shop
Natural product quarried in Scotland and north of England
Slab worked and dressed to the profile you require
Full supply, manufacture and installation

There impressive list of clients includes –

Local authorities & affiliations
Architects
Restoration advisors
Framework agreement enquiries
Private individuals
Previous clients

Through normal circumstances, our client will work on 10-11 different jobs at any 1 time of varied sizes, ensuring the skill set of its workforce is utilised across the type of sites. Our client admits any new owner could significantly increase current Turnover levels by taking on more work, especially in the number of new jobs available with local authorities.

Our client had previously employed up to 70 tradesmen who can comfortably work from the site available to lease.

We would advise any new owner to focus on a new marketing strategy for the business to incorporate a stronger social media presence, new advertising campaigns to key architects/designers. A dedicated feature advertising stream to related property websites/platforms as well as investigating more work with new investors looking to develop a smaller number of residential sites within the area.

As the need for more housing projects in Scotland increases, especially in the younger professional’s market, creating relationships with Pension Fund companies looking to build sustainable apartments to rent will be a key step into significant growth.

In our experience, well managed building contractors with a multi skilled workforce of this high standard will rarely come onto the open market and we therefore recommend early enquiries to avoid disappointment.

Key Selling Points -

Extremely well established business
Excellent controls on running costs
Well loyal and skilled workforce in place
Nominated contractors for local council work, a part of Framework list of contractors
Potential to increase current Turnover (previous £5M levels achieved)
Full business handover offered
Expertise in Grade 2 listed and bespoke joinery/stonework
Materials constructed on site; repairs completed on site
Located in area undergoing considerable development

Location
A highly successful building contractor based within Scotland.

Due to their location and historic building experience, majority of their work is based in and around the area, however the more bespoke residential projects can see them travel to any other location within Scotland.

Premises
Fully secure site of approx. half an acre is complete size, includes the following –

Open yard space – used to store skips, pallets, oil drums, stoneware, bricks, sand & concrete, fence panels, company vans, staff vehicles, gas and oil tanks, scaffolding, gas bottles.
Main office – large stone built detached building – Ground floor includes – hallway, small office, client waiting area, 3 x management offices, storeroom, larger Admin office (with 3 desk stations), staff kitchen, photocopying room, staff toilet facilities. First floor – hallway, toilet facilities, 4 x offices, 2 x filing rooms, meeting room/office, attic storeroom.
Garage 1 – wooden in construction with an internal mezzanine level, 4 x poster vehicle ramp.
Garage 2 – larger brick built building with tin cladding to front elevation and double height entrance doors, built in extraction unit.
Workshop - large brick built building with tin cladding to front elevation and larger full height entrance doors. Inside includes – wood workshop, cutting machines, sanders, extraction units, compressors, workbenches & guillotines, hardware storeroom, electrical wiring storeroom, cleaning materials storeroom, staff toilet facilities, staffroom with kitchen area, hand tool storeroom, large wood racking for storage, vehicle store area.
Stone shed – brick built with lean too storage area – inside includes specialist stone masonry cutting machines, extraction units, lifting equipment.
Plasterers shed – brick built with 2 x large entrance doors – inside includes storeroom, workshop, mixing equipment store area, mobile compressors.
Oil petrol pump store – includes open area for scaffolding
Electrical store – brick & wood construction including 2 x levels of store areas & office
Drainage store
Diesel pump

4 x transit vans
2 x Pickup trucks
1 x box van
Forklift

Tenure
We are advised there will be a minimum of a new 5-year lease with an annual rent of £30,000 paid per year.

Hours
Office Hours -flexible to each site project

Staff
The company is run and managed by the Managing Director with the help of 20 + employed staff (majority highly skilled tradesman) including 4 x Site foreman’s Admin staff as well as on site mechanic who maintains all the vehicles and related machinery. Other work – such as electrical, plumbing and general decoration is subcontracted out when required.

Financial Profile
As of the 2020 accounts, the business reported an annual Turnover of £2,128,501, Gross profit of £647,218 and Adjusted net profit of £300,000

Please quote reference B05925

Property Information

Property:

Leasehold

Contact Information

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