Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Business For Sale. Freehold Plumbing Supplies, Gas Boilers, Central Heating Supply & Installation & Bathroom Ap
LISTING DETAILS
Firms For Sale ID:
24238
Vendor reference:
GD058
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£630,000
Turnover / revenue:
£257,000
Net profit / cashflow:
£37,000
Years established:
38
Trading hours:
Monday to Friday 8.00 – 5.00
Saturday 9.00 – 1.00
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale as both owners have reached the age when they wish to retire and pass this thriving business on to younger hands that can drive this business forward to the next level of growth.
Support and training:
The owners are prepared to offer full support and training to the new owner and to pass over all contacts and contracts etc. They are also prepared to offer their services on a part time basis for a period of time after the successful sale of this business.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
The accommodation is a fully self contained two storey house with kitchen / diner, living room and conservatory on the ground floor with stairs leading to the first floor with three double bedrooms, (two of which have their own wash hand basins), a single bedroom and bathroom. There are stairs leading to a loft conversion that is not currently used but would make a large double bedroom / studio / office, as desired.
BUSINESS DESCRIPTION
Freehold Plumbing Supplies, Gas Boilers, Central Heating Supply & Installation & Bathroom Appliances
Ref.GD058
Location Hertfordshire
Asking Price £ 630,000
Having originally served his time as a Heating and Ventilation Apprentice for the major gas supplier in the UK, the owners established this business in 1970, following which this business has grown steadily, generating turnover of over £257,000 for the most recent year for which figures are available. They are Corgi registered and fully qualified sub contracted staff carries out all installations.
Within the domestic marketplace, this business has carried out more than its fair share of bathroom and shower installations and the installation, service and maintenance of boilers and full central heating systems. The business, which still has much growth potential, currently supplies parts and accessories to the domestic and trade sectors for all plumbing, gas heating, bathrooms and showers and will also install into the domestic market. There is a good potential for the expansion into the commercial sector and into the building and development sector of the marketplace. The commercial freehold is currently somewhat under utilised and has great scope for increased business capacity, while the freehold accommodation with the property can be used as the home for a new owner or used as a revenue stream, by continuing the letting of this desirable four-bedroom property.
The cornerstone to the success of this business is its honesty and integrity; this business prides itself on its quality of work. All of the staff used by this business are highly trained, vastly experienced with a wealth of product knowledge, which ensures that jobs are consistently completed to the highest standards and with the minimum of disruption to the customer. As a result a large proportion of work for this business arises from excellent referrals and recommendations from satisfied Clients, testimony to the excellent reputation this business has established throughout the years of its operation for providing a very high level of customer service at a very competitive price.
Expansion Potential
This is an outstanding opportunity to build on the existing products, services and customer base of this business. The foundations for the next period of growth are already in place, and with a new owner contributing fresh ideas, energy and enthusiasm the business will reap the benefits in terms of turnover and profit.
The current owner suggests that the strong demand for the services offered will continue and new avenues of business can be obtained, including the increase of the contract maintenance side of the business and expanding into the new build and development sector of the marketplace. The other area of industry that will benefit is the fitting of solar heating. The government have announced that financial help and grants will be forthcoming in the near future to help reduce our carbon footprint. This can only lead to an increase in solar heating systems in the household.