Total of 18659 firms and businesses for sale today Sunday 5th May 2024
Sold. Plumbing And Drainage Franchise
LISTING DETAILS
Firms For Sale ID:
29442
Vendor reference:
GD093
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£62,000
Turnover / revenue:
£153,000
Net profit / cashflow:
£31,000
Years established:
3
Trading hours:
Monday – Friday: 9.0 am – 5.0 pm
Plus alternative Saturdays.
OTHER DETAILS
Reason for selling:
The owner is looking to release some capital for personal family reasons.
Support and training:
All necessary training and a full handover are available to ensure continuity of trading.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Plumbing and Drainage Franchise
Ref.GD093
Location Essex/Hertfordshire
Asking Price £ 62,000
This franchised business was established three years ago. The business provides a full plumbing and drainage service and offers an emergency 24/7 call out service.
Both domestic and business clients are accommodated. Circa 40% of work comes in via insurance companies, 30% is business/corporate clients and the remaining 30% is residential.
The business benefits hugely from its association with the Drain Doctor brand. Drain Doctor is the largest business of its type in the U.K.
The business has built up its reputation as a result of several key factors. A fast, efficient, professional service is the boast and having delivered on this promise for many years, this franchise has built up a very strong reputation in Essex and Hertfordshire and indeed with the Drain Doctor management.
The business has consistently been able to deliver a superior service in terms of both the quality of the work as well as the all important quick response rates.
Offering professional advice has helped the business to gain both an excellent reputation and leads to many new customers who feel they can trust the business.
Relationships with some of the U.K.’s largest insurers make a big difference to the level of turnover and help to achieve a consistent level of business.
Expansion Potential
The owner admits that a proactive approach to sales and marketing would win more business. An effort to develop more relationships with the insurance industry is a sensible step to take. The business could also expand by including general property maintenance to its range of services.
Market / Competition / Non-Competition Agreements
The business does do some independent advertising through Yellow pages, Yell.com, Thomsons, Google Ad words and via some free online directories. The Drain Doctor franchise of course undertakes constant brand marketing which is the main factor in the constant flow of work that the business is asked to perform.