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the UK marketplace for company sales

Commercial painter & decorator - housing developers

Reference
S7608
Turnover
£1m to £2m
Sector(s)
Business services, Construction, Miscellaneous
Region(s)
South West England
Added
26 March 2021

Business description

Operating across South West England, the company provides painting and decorating services to commercial housing developers, offering roller and brush application as well as air-assisted and airless spraying. 

A full range of complementary decorating services are also on offer, from wallpapering and tiling through to pointing and coving. 

The company caters to 20 active clients in the residential and commercial property development market, most of whom provide reliable, repeat business on an ongoing basis. 

Our Client is offering the company for sale to facilitate their retirement.

Offers invited.

Highlights

  • Works with a variety of clients, from blue-chip housing developers through to private individuals. 
  • 80% success rate when submitting tenders to known clients. 
  • Strong second-tier management team headed by an Operations Director who will remain with the business, post-sale. 
  • Operates from ideally located leasehold premises. 
  • Many opportunities for expansion, including the exploration of new sectors and increased marketing activity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 841 52
2018 (Actual) 1,171 114
2019 (Actual) 1,063 46
2020 (Actual) 987 43
  • Turnover of circa £1m in YE20.
  • Achieved an EBITDA of £43k the same year. 
  • Pipeline for 2021 valued at circa £500k.

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