Sold. Highly Profitable Commercial Painters & Decorators

Highly Profitable Commercial Painters & Decorators
Approved Contractor/Framework with
Reputable Clients
Ref. GK271
Location : North East England
Asking Price : GBP160,000
This well established commercial painting and decorating firm has been successfully trading for almost 50 years, and in that time has built up a formidable reputation in the North East region for providing a professional, high quality, reliable service on a consistent year on year basis.

The company provides both internal and external painting and decorating services predominantly on a commercial basis (9095%).The skills of the company are not limited to just painting and decorating they also offer a complete project management service encompassing additional trades such as Plastering, Coving, Tiling, Joinery, Plumbing and Electrical work including Interior Design, if required.

The company has vast experience in a multitude of sectors including Housing, Education, Healthcare, Retail, Fitness, Hotel and Leisure, Nursing Homes and Secure Units, within both the public and private sector.

The company has a good number of large clients who use their services on a regular basis with many of these highly desirable customers having long tems contracts and Framework Agreements in place, which ensures consistent levels of work moving forward.

Customers include house builders, construction companies, commercial developers, hotel groups, large leisure groups, councils, local authorities, SMEs, and police forces to name but a few. The company has dealt with many of its customers over a long period of time due to the fact it always meets, and in many cases, exceeds the Key Performance Indicators (KPIs) that are set. Because of this the company benefits from having ongoing agreements in place (typically running for several years), a strong future order book and good visibility of works well in advance, which enables them to plan projects effectively and profitably.

The company has built up a highly skilled and trustworthy team of time served decorators that do not require on the job supervison. All staff, and the company for that matter, have all the necessary paperwork and accreditations to work on site.

The company has low overheads, is simple to run and is very profitable. There is a loyal customer base and ongoing revenues from existing customers who return on a regular basis.

This business would make a perfect bolton for a company that is looking to expand their own operation into the lucrative North East and Yorskhire regions and therefore immediately increase their database of prestige customers.

Alternatively it would appeal to an investor/company who is looking to expand their services into the decorating sector of the market, automatically acquiring a number of major contracts already in progress.

Expansion Potential
There is no reason why a new owner could not scale the business up to increase sales and profitability still further. The business has all the necessary accreditations and reputation in place to do this.

The vendor enjoys the benefit of having good levels of work in progress and future order book with contracts/frameworks in place, which should last for several more years based on current conditions.

The company spends very little on marketing, and does not actively search for new business. It is fortunate to be able to be selective about the projects it undertakes. New owners with new injections of energy and desire and with new ideas would be able to secure extra business with a small amount of effort. The vendor has chosen not to pursue future growth through choice and due to other commitments.

Market / Competition / Non-Competition Agreements
As already mentioned the business does very little in the way of marketing preferring to rely on repeat business, referrals and recommendations to generate its sales revenues. It does have a basic yet informative website but could benefit from a strategic marketing plan, should a new owner wish to scale the business up.