Total of 18659 firms and businesses for sale today Thursday 16th May 2024
Sold. Construction Company For The Rail Sector
LISTING DETAILS
Firms For Sale ID:
24305
Vendor reference:
GF034
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£350,000
Turnover / revenue:
£457,000
Net profit / cashflow:
£150,000
Years established:
15
Number of employees:
13
OTHER DETAILS
Reason for selling:
The partners have worked happily for the past twelve years to build up the business. They have now reached a stage were they genuinely believe it needs new owners to expand the business and take it to its next level
Support and training:
The partners would be happy to help with a smooth transfer of the company in any way possible and would be prepared to stay on for a period of time and work with the new owners.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The two partners run the business from home offices. They also have secure storage facilities on a small holding with a minimal rental fee. The business is fully re locatable, as contracts can be anywhere throughout the UK.
BUSINESS DESCRIPTION
Construction Company for the Rail Sector
Ref.GF034
Location North East England
Asking Price £ 350,000
This is a rare opportunity to acquire a small, well run independently owned construction company that works solely for the rail sector. They have worked in the rail industry for over 15 years and in that time have achieved a good name and reputation for their quality of work and their reliability.
The company normally works as a sub contractor with major construction companies such as Network Rail, Balfour Beatty, Amey, Lambert Smith Hampton, May Gurney, to name but a few. They do hold “Link Up” qualification which is audited by Network Rail to ISO 9001 standards. Without being audited and achieving the accreditation the company would not be allowed to work in this sector of the industry. The Link Up qualification is becoming more difficult to acquire as the rail sector is not looking for any new contractors.
The company has a wide ranging portfolio of skills as they are called upon to do a host of different civil engineering conracts. These include, Bridge Repairs, Station re-furbishment, Fencing, Level crossing works, Track access requirements, General maintenance and supply of Labour.
This is a well established and highly profitable business which has a continuous income stream from the rail sector. They have a team of time served and skilled tradesmen on board with a number of self employed sub contractors used for some of their larger jobs. The company takes on enough work to keep them fully occupied all year round with the prospect of extra work, should they wish to take it on. The business is easy to run and has their Link Up audit in place ( awarded annually). The owners believe that they have taken the business as far as they can with their limited skills and there are great opportunities for new owners to grow this business.
Expansion Potential
The business has enjoyed steady growth over the years and the two partners have now reached a stage were they believe that it would be an ideal time for new owners to take the business forward to the next level. There are a number of initiatives that can help the business grow.
Because this is a small independent concern, they do not take on or tender for the bigger jobs. This would need financial investment putting into the company to employ further tradesmen plus they would certainly need a quantity surveyor. This could then help them tender for lucrative maintenance contracts which at present are handled by other larger constructors.