Highly Profitable Commercial Painters & Decorators Approved Contractor/framework With Blue Chip Clients for Sale
Leasehold : £ 299,950
The vendor works from ideal leasehold premises on an industrial estate where it stores equipment, scaffold, ladders etc. The unit is secure and comprises warehouse and offices. The unit is circa 2,000 square feet.
Highly Profitable Commercial Painters & Decorators Approved Contractor/Framework with Blue Chip Clients
Location : North Wales
Asking Price : £299,950
This well established commercial painting and decorating firm has been successfully trading for well over 35 years, and in that time has built up a sterling reputation in the North Wales and North West region for providing a high quality, reliable service on a consistent basis.
The company provides both internal and external painting and decorating services (more recently incorporating stripping back services) on a commercial basis. The company has a good number of regular Blue Chip clients (approximately 30) 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. The company holds “Approved Supplier” status with pretty much every customer they work with.
Customers include councils, housing associations, NHS Trusts, local authorities, SME’s, national construction companies and housebuilders 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 (KPI’s) 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 an excellent management team in place, has low overheads, is simple to run and is very profitable. There is a loyal customer base and approximately 90% of revenues are from existing customers returning on a regular basis.
This business would make a perfect ”bolt-on” for another company who are looking to either expand their own operation into the luctrative North Wales/North West region and immediately increase their database of blue chip prestige customers.
Alternatively it would appeal to a investor/company who is looking to expand their services into the decorating sector of the market acquiring a number of major contracts automatically in progress.
||There are two directors in the business but only one director works in the business and that is more on a strategic level, rather than running the day to day operations.
The business employs a full time office/contracts manager as well as a part time office administrator and a part time quantity surveyor. In addition to this the business employs some 16 painters and decorators (including supervisors and foremen). All staff hold the necessary accreditations and are a real asset of the business.
||Rent is circa £623 per month.