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the UK marketplace for company sales

Painting contractor to new build properties (B2B)

Reference
S7707
Turnover
£2m to £5m
Sector(s)
Construction, Miscellaneous, Real estate activities, Service industries
Region(s)
North East England, North West England
Added
01 May 2021

Business description

The business has weathered the Covid-19 storm well. Despite losing several weeks to lockdown they have generated the same turnover and profit in 2020 as they did in 2019. The prospects for 2021 look good with a rebound and return to strong growth expected.

  • Consistently & highly profitable
  • Employee run
  • Steady and healthy growth y-o-y
  • Computerised and well maintained accounts
  • No customer concentration issues
  • No expected Brexit related risks or currency risks
  • 75% of sales come from repeat business
  • Strong systems and processes in place
  • Various coveted industry certifications and approvals
  • Leasehold (with no long lease commitment i.e. rolling monthly contract).

Price and transaction information

The seller is a committed seller and has reasonable price expectations. He is willing to let the market decide price. 

Seller financing available but buyers need to demonstrate significant investment of their OWN capital (not borrowed) ie. they need to show skin in the game to avail of seller finance.

Price: Expressions of interest invited.

Highlights

  • Strong growth in turnover and profit
  • Outstanding health and safety record 
  • Low-risk operating / market environment 
  • Strong systems and processes in place 
  • No vulnerability to any "key" supplier  
  • No customer concentration issues

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2010 (Actual) 0 0
2017 (Actual) 1,209 175
2018 (Actual) 1,392 88
2019 (Actual) 2,000 270
2020 (Actual) 1,960 270

Prospective purchasers

We invite interest from firms already in the building / construction sector or established other firms in related sectors looking to expand. 

Preference is for investors / acquirers with experience running businesses of this size or larger. 

All prospective investors will be vetted by the seller's advisory firm. 

STRICTLY NOT INVITED: If you are a search fund, or a scout looking for an opportunity to pass on to an investor, or someone who does not have the funds themselves but who attended a course on how to buy a business "without investing any of your own money", or a fairly new company without a history of accounts at Companies House ...you will likely not pass the vetting process.

Reason for sale

The owners are moving abroad.

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