Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Well Established And Locally Renowned Heating & Plumbing Company

LISTING DETAILS
Firms For Sale ID:
34447
Vendor reference:
GD113
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£85,000  
Turnover / revenue:
£334,000
Net profit / cashflow:
£50,000
Years established:
36
Trading hours:
As required.
Employees / staffing:
The vendor manages a loyal team of qualified sub-contracted heating and plumbing engineers who are loyal and committed to the very high levels of service and quality that the vendor requires.

OTHER DETAILS
Reason for selling:
Retirement.
Support and training:
The current owners would be happy to provide full training and support at handover. The majority would be happy to stay on within the business for an agreed period, subject to negotiation should a new owner so require.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Well Established and Locally Renowned Heating & Plumbing Company
Commercial Sector
Ref. GD113
Location : Cornwall Relocatable
Asking Price : GBP 85,000
This established plumbing and heating business was set up the vendor more than 36 years ago and in that time has established itself as a leading provider of heating and plumbing services along with more specialised works relating to renewables installations such as heat pumps etc. Services are provided within a circa 50 mile radius from the vendors management office and used by local builders, sports clubs and retirement homes as well as occasional private construction projects.

The company has grown year on year and has reinvested profits back into the business in manner that it now has excellent financial stability with no debt and good trading prospects.

The company has been awarded many high quality projects over the years and enjoys an excellent relationship with many of the commercial clients. The company holds approved supplier status with some local construction companies that guarantees ongoing project opportunities both large or small, new build or maintenance. The business enjoys several framework agreements spanning several years with a number of other bodies such as sports clubs and retirement homes. This ensures ongoing revenue for the business.

The business has very skilled and trustworthy subcontractors, an impressive reputation and equally impressive Health & Safety record. All staff are committed to providing the high standards the owner expects. Consistent quality and a professional service is provided with projects being completed on time and within budget a prerequisite for many of the renewables works that it undertakes. The business holds Approved Contractor status with several key organisations in the area.

Expansion Potential
The business is run very much for the benefit of the lifestyle and available resources of the vendor. As such, it has operated at an optimum level providing excellent income and quality of life to the vendor and family.

It is possible to take the current levels of trading along with the incumbent client base and increase the area of operations, which could increase both turnover and profits.