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Key Facts

[Ref: GF040]

Business For Sale : Civil Engineering / Water Services Company
Location : Herefordshire, UK
Leasehold | Asking Price: "£350,000"

Contact: Turner Butler

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Asking price includes

The last three years accounts have produced an average turnover of around £375,000
Gross profits circa £210,000
Adjusted net profits circa £45,000
Net assets circa £180,000

Full compliment of specialist equipment
Broad range of niche market services
Blue chip client base
International opportunities
Leasehold premises if required
Good will

Business profile

This company was founded by its managing director over twenty years ago. It specialises in providing trench less technology and “no dig” techniques where it would be costly, unsightly or technically challenging to carry out normal trench installations. It provides its services for the provision of conduits for water, gas, electrical, sewage and computer cabling ducts. It also provides a wide range of services to private water companies, local utilities, Local authorities, Local Councils, Housing associations, Building Companies and of course private individuals. These services include new pipes, lead pipe replacement and cable installations, moles, thrust boring, soil displacement hammers, directional drilling, pipe bursting and pipe ramming, mains water pipe replacements, sewage pipe replacements and relays, trench less technology. Water and sewage replacements for pitch fibre pipes. Septic tank emptying, CCTV reports and gulley work.

It uses a range of specialist equipment including mole boring and directional drilling equipment that allows it to operate in the most challenging of terrains.

Key Strengths

• Well established with an excellent reputation
• Wide range of specialist equipment
• Experienced and skilled staff
• Blue chip client base
• International project work
• Twenty four hour emergency call out facility
• Limited competition

Premises

The business is located on a small rural site adjacent to the private residence of the director. The site covers approximately half an acre and includes a large workshop, office area and yard for equipment storage. The vendor will consider leasing site for an annual rent of circa £25,000. Alternatively the buyer may wish to relocate the operation to a venue of their choice.

Employees

• Two director / shareholders
• One general manager
• One HGV driver and labourer
• Two general operatives
• One yardman
• One part time secretary

Financial profile

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The last three years accounts have produced an average turnover of around £375,000 with gross profits being in the region of £210,000. Adjusted net profits are circa £45,000. Net assets are around £180,000.

Support and Training

The owner will provide a full handover for a period to be agreed as part of the sale negotiation. He will also be willing to remain involved with the business on a consultancy basis on an ongoing basis subject to suitable terms being agreed.

 
 

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