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Deal Opportunities.co.uk

the UK marketplace for company sales

Property conversion

Reference
S7401
Turnover
£1m to £2m
Sector(s)
Business services, Construction, Miscellaneous
Region(s)
North West England
Added
04 January 2021

Business description

The company is a property conversion specialist, working on house of multiple occupants (HMO), commercial-to-residential and single let projects throughout Northern England. 

Offering a full project managed turnkey service, the business liaises with HMO, building regulation, EPC and fire risk assessment officers to ensure all regulations are met. This is particularly useful for its overseas clients. 

Typical works include extensions (single- and double-storey); loft and basement conversions; house rewires; kitchen, bathroom, fire door and smoke alarm installations; plastering and decorating; damp course; tiling and flooring; roof repairs; full plumbing and central heating solutions; and chimney removals.

Our client is offering the company for sale to pursue alternative, unrelated ventures.

Offers invited.

Highlights

  • Developed a fully automated project management tool, which is downloadable as an app. 
  • Achieved several industry-specific awards. 
  • Has 21 active clients in the property investment sector. 
  • Operates from leasehold premises. 
  • Shareholder willing to provide a mutually agreeable handover period, if required.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 711 11
2018 (Actual) 1,593 73
2019 (Actual) 847 -266
2020 (Actual) 1,210 129
  • Turnover in excess of £1.2m in YE20 with an adjusted EBITDA of £129k.
  • Has shown a 70% increase in turnover since YE17.

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