Total of 18656 firms and businesses for sale today Saturday 27th April 2024
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Sold. Specialist Commercial Floor Restoration & Cleaning Company

LISTING DETAILS
Firms For Sale ID:
33107
Vendor reference:
GC107
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£85,000  
Turnover / revenue:
£260,000
Net profit / cashflow:
Undisclosed
Years established:
40
Trading hours:
08.30-1700 Monday –Friday. Site work as required
Number of employees:
5
Employees / staffing:
The vendor still works within the business through choice but does have an effective team in place who operate the business on a day to day basis. Staff include a general manager, two foremen and two floor treatment operatives.

OTHER DETAILS
Reason for selling:
Retirement
Support and training:
The vendor is happy to provide a comprehensive handover to ensure a smooth seamless takeover and is prepared to stay on for further period as a consultant if so required by a new owner.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
Yes
PROPERTY DETAILS
Lease terms:
The business operates from a home office but does have a small storage facility where it stores the works vehicles, machinery and consumables etc. The rental is circa £4000 per year.
 
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BUSINESS DESCRIPTION
Specialist Commercial Floor Restoration & Cleaning Company
CHAS/Construction Line Registered
Ref.GC107
Location Yorkshire
Asking Price £ 85,000
This very successful and long established company specialises in the restoration, cleaning and coating of various types of flooring on a commercial basis. Typical floors the business treats include wooden and concrete floors (i.e. epoxy resin applications). In addition to this the business provides a specialist cleaning and handover service to many of its clients which include large building contractors, blue chip multi-nationals, education establishments and public sector bodies.

The company has enjoyed impressive growth over the last couple of years and this trend is expected to continue as the company’s reputation goes from strength to strength. This growth has been organic and driven by the company’s belief that customer service is paramount. This approach has enabled the company to develop its customer base to include some of the largest organisations in the surrounding areas and beyond that provide growing volumes of business with excellent profit margins being achieved.

Attention to detail and a full understanding of clients' requirements have proved the foundation of the considerable success achieved by this business. The ethos of the business is to provide a friendly professional and efficient service to the client. The quality of work is very high and the staff are reliable and flexible in their approach. The vendor has some 40 years experience in the industry and this is evident in the infrastructure the business has put in place.

The company is very proud of the excellent working relationships that have been developed with clients. Many clients are long standing and provide regular repeat business opportunities. Many of the customers have been with the business since its formation.

The company is fully conversant with all current legislation and guidelines relating to health and safety and emplyment law and employs the services of an external consultant to ensure they comply as required. This is further backed up by the company’s impressive range of accreditations and registrations that ensure a high quality of service and treatment, both for customers and employees.

Expansion Potential
The business currently operates generally within the Yorkshire region. There are a lots of opportunities that exist within this region should the business wish to proactively target growth. To date the company has never felt the need to actively market the company with external sales personnel as most of its work comes via referrals, repeat business and word of mouth recommendations.

With a more proactive sales and marketing function a new owner could significantly increase revenues and turnover within the business, both with existing and new clients as many of its current customers have many more sites that require the services this business provides.

As with any business of this maturity the company could certainly benefit from a new injection of energy and business acumen to continue its successful trading history.

Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise extensively, having historically used yellow pages and yell.com. It also has a basic yet informative website. There are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.