Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Commercial Ceramic Tiling Contractor
LISTING DETAILS
Firms For Sale ID:
33431
Vendor reference:
GE084
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£225,000
Turnover / revenue:
£900,000
Net profit / cashflow:
£125,000
Years established:
25
Number of employees:
12
Employees / staffing:
The vendors both work full time in the business carrying out the administrative and pricing duties. The business also employs a very experienced Contracts Manager and Site Supervisor who are key employees. In addition to this the business utilises the services of some 12-14 suitably qualified tilers on a sub-contract basis. They have worked with these sub-contractors for many years and they totally understand the company ethos and commitment to customer service.
OTHER DETAILS
Reason for selling:
The vendors now wish to retire to spend more time in their property abroad and enjoying the fruit of their labours. They also believe the business is ideally positioned to now be taken though a new period of growth and profitability by maximising the many opportunities at its disposal with a new injection of business acumen and energy.
Support and training:
The current owner would be happy to provide a full and comprehensive handover. This should be a relatively simple process as there are key staff already in place.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Commercial Ceramic Tiling Contractor
Approved Supplier to Major House Builders & Construction Cos
Ref.GE084
Location North West
Asking Price GBP 225,000
This Ceramic Tiling Contracting Specialist was founded in the region some 25 years ago. Since that time it has established itself as a first class provider of both wall and floor tiling to the construction industry. Pretty much all work is carried out on a commercial supply and installation basis.
Fully approved, with official distribution agreements with many of the market leading tile manufacturers, this organisation provides its services directly to many of the largest blue chip house building companies in the UK, as well as to some of the largest developers and main contractors (both large and small), who are active in the North West region. In saying that, the company has also carried out work further a-field due to its reputation in the market.
The majority of work (circa 80%) is for new build developments with the large blue chip house builders, the remainder being made up of refurbishment projects for a variety of clients including nursing homes, gymnasiums etc.
The client mix is strong and the business is an approved contractors for many of the key players in the market. Because of this there is never any shortage of projects for the business to consider. The business is typically working on some 20 sites at any one time.
The company employs an experienced contracts manager and site supervisor to ensure the smooth running of day to day operations. It is capable of managing and undertaking all sizes of projects from specification to full installation. This turnkey solution is key to many of their customers.
Expansion Potential
With an enviable reputation within the industry and being renowned for always meeting, if not exceeding client expectations, there is an outstanding opportunity to build on the existing services and customer base of this company. Along-side on-going demand for its services, an increase in house building activity and refurbishment works, a new owner contributing fresh ideas and new energy levels will have every advantage of building on an excellent platform and taking this business through its next period of sustained growth.
Market / Competition / Non-Competition Agreements
Having established an excellent reputation for quality reliability and professionalism the business has little need for advertising, relying on the fact that it is an approved contractor to many of the leading construction companies in the region.
It also benefits from added exposure by being an official distributor for many of the large tiling manufacturers. It also enjoys exposure via its memberships with The Tile Association, CHAS and SMAS. The company also has an informative website, which could be further developed.