Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Insurance Led Fire & Flood Restoration Business
LISTING DETAILS
Firms For Sale ID:
33348
Vendor reference:
GC085
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£295,000
Turnover / revenue:
£1,300,000
Net profit / cashflow:
£95,000
Years established:
19
Number of employees:
5
Employees / staffing:
As a recently formed Limited Company (2012-the business previously operated as a partnership) the employees include the two Directors, Admin manager, Relationships manager and a part time book keeper.
All restoration works are carried out by highly skilled and reputable sub contract professionals and tradesmen who have worked with the business for many years.
OTHER DETAILS
Reason for selling:
As mentioned above the business is operating at capacity based on the level of internal infrastructure it has in place. The vendors see the many opportunities being offered to the business but are not in a position at present to truly maximise them. They feel the business would be ideally suited to a new owner who could invest in terms of the business infrastructure so it can continue to grow and satisfy its own customers increasing requirements now and in the future.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure continuity of trading. They 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:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Insurance Led Fire & Flood Restoration Business
All domestic works inc. kitchens, bathrooms, bedrooms, flooring, and building
Ref.GC085
Location Cheshire
Asking Price GBP 295,000
This well established and reputable business has been under the stewardship of the current owners since 1994 and in that time it has developed into a comprehensive fire and flood restoration business serving the domestic market for the insurance industry. Orignally a kitchen specialist the business has evolved over time due to the quality of work it provides (both to the insurance companies/loss adjusters and to the home owner) and now covers all aspects of restoration work within residential properties including kitchens, bathrooms, bedrooms, flooring, general building and all associated trades.
The company covers all sizes of projects from minor and mid-range works right through to major projects usually up to a value of GBP200,000 where full site survey and tender documentation is required by the client in order to process the job. The business is fully conversant with all the procedures and paperwork requirments within this insurance led market and works closely with all parties throughout the project to ensure succesful completion for all parties.
Because of its understanding of the market and thorough project management capabilities the business enjoys the benefit of having a formal contracts in place with a number the UKs major Contract Management and Loss Adjusters that gives them exclusive coverage within certain key postcodes in the region. This covers a significant area and generates a large amount of work for the business. The Company is well known within the Insurance sector with a succesful and Audited perfornace giving plenty of scope for the business to take on additional work and expand its coverage even further should a new owner so require. The current vendor has not developed this opportunity further quite simply because they do not have the manpower and current infrastructure in place to support this.
In addtion to the insurance driven core business undertaken the company also retails and installs ktchens. It is an authorised distributor for a leading UK kitchen manufacturer and also imports high quality kitchens from Italy and France. This only represents a small percentage of current business but could easily be expanded such is the reputation of the business and supply agreements it already has in place.
The recently redesigned and released website currently specialising in marketing and selling timber floor, high pressure worktops plus accesories provides s signifcant opportunity for continued growth, with no limit on the potential product lines as the site has been designed with flexible growth in mind.