Business for sale

Business description

A well-respected builder, this company has established an excellent reputation based upon nearly forty years of successful trading. Now managed by the second generation of the family, this very successful company is best known for its high class refurbishment works and the new build projects it carries out predominantly within a thirty to forty mile radius of its West Sussex Head Office.

Working predominantly for private Clients, but also including commercial and educational projects, this business always works as the main contractor, with its opportunities generated by an excellent network of Architects and Surveyors, with whom this business has built strong relationships based on its ability to complete projects on time, on budget and to a very high standard of workmanship. Operating in a catchment area which contains residents included amongst some of the highest net worth individuals in the country, this business works on some highly prestigious projects with average contract values in the region of £1 million. Turnover, which has increased steadily over the past five years, broadly speaking is split between, domestic projects which represent approximately 60% of total turnover with the remainder made up of commercial work - with new build, alterations and refurbishment work and listed building projects roughly equally represented.

Manufacturing almost exclusively for the requirements of its own building projects, the joinery division produces an equally high standard of workmanship for internal and external works including purpose made windows, doors and staircases right through to complete kitchens, conservatories and furniture – even pergolas, all produced to particular Client specifications.

This business is a member of the National Federation of Builders, the British Woodworking Federation and NHBC. Aside of managerial positions the company employs a workforce of approximately 25 directly employed staff across the full spectrum of trades. High quality workmanship and finishing, together with reliability and competitive pricing means the services of this business are always in demand with many professional Clients – Architects and Surveyors considering this business to be their preferred resource. Repeat work is such that this business has had little need to look outside its existing customer base for several years now.

With a turnover for the financial year ending June 2009 of £4.37m, generating gross profits of approximately £690,000 per annum and pre-tax net operating profits after Directors remunerations of £305,000, this is an excellent opportunity to acquire a main building contractor with a specialist joinery division and a significant, loyal and on-going Client base.