Total of 18756 firms and businesses for sale today Wednesday 22nd May 2019
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Finance And Services:

Sold. Commercial Painters & Decorators

LISTING DETAILS
Firms For Sale ID:
34791
Vendor reference:
GK089
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£250,000  
Turnover / revenue:
£540,000
Net profit / cashflow:
£200,000
Years established:
15
Employees / staffing:
The owner looks after all of the running and decision making within the company and is supported by a significant self employed resource covering surveying, painting, decorating and health & safety requirements.

OTHER DETAILS
Reason for selling:
The owner wishes to spend time with family and pursue other business interests.
Support and training:
The owner would be happy to help with a smooth transfer of the business in any way possible.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Commercial Painters & Decorators
Ref. GK089
Location : Surrey
Asking Price : GBP 250,000

This is a well established comercial decorating firm that has been trading successfully since 2002. They have a good number of Blue Chip clients who use their services an a regular basis including, National house builders, construction companies . They regularly have contracts varying from the short term e.g. six months work in progress to the more difficult to acquire, long term contracts e.g. 2 years or longer.

The company currently has in excess of GBP 800.000 of secured contracted work, relating to 3 contracts.
The company works with a good team of skilled and time served decorators. It is easy to run with low overheads as the owner operates from an office in his own home . They are member of SMAS,
The business has a good name and reputation has always been in high demand; the vendor has over many years turned much work away that didnt suit his own work/life balance but such large contracts could be accepted by the company at any time..

This would make a perfect bolt-on business for another company who are looking to either expand their own operation and immediately increase their database of customers. Or for a company who is looking to expand their services into the decorating sector of the market with a number of major contracts automatically in progress.

Services include
New Builds
Wall Papering & Spraying
Specialist Paints for all Surfaces
Total Satisfaction Guaranteed

Expansion Potential
The owner now finds the business easy to run after almost 30 years in the industry and is comfortable with the amount of work that the company handles. They have work in progress of circa six months with other contracts in place which will last for another 2 years and, with growth in the housing market in the South East being developed by this company’s clients, the future looks very profitable.

The company spends no time on marketing apart from their website and does not actively search for new business at present. New owners with more hunger and desire and with new ideas would be able to secure extra business with a small amount of effort.