London high-end commercial and residential construction contractor
Ref. GB197
Location London and the South East but could be re-located
Asking Price £380,000
Business Profile
Introduction
Turner Butler has been appointed to invite offers of purchase for certain assets and the goodwill associated with a main contractor specialising in high-end residential and commercial construction.
Key strengths:
The business has the following key attributes:
- Strong network of architects, interior designers and quantity surveyors, providing a steady stream of on-going work.
- Blue chip base of commercial Clients.
- Strong forward order book.
- Strong management team capable of running the business independently of ultimate ownership.
- Credibility and track record to win large contracts.
- Highly skilled and experienced trades and sub-contractors with which the Business works on an on-going basis.
- Excellent potential for growth and expansion.
- Easily transportable, profitable business.
The business provides an acquirer with an ideal bolt on for a company already operating in the construction sector looking to expand their presence or gain a foothold in London and the South East.
Financial profile:
For the financial year ending May 2015, the Business generated turnover of almost £2.573m, gross profits slightly in excess of £380,000 and an EBITDA before Directors’ costs of almost £102,000.
For the financial year ending May 2016, turnover is projected to reach in excess of £3.3m, gross profits in excess of £450,000 and an EBITDA before Directors’ costs in excess of £161,000.
The Asking price of £380,000 is for a sale of certain assets and the goodwill associated with the Business.
Next steps:
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
All enquiries or requests for additional information should be submitted or directed to Turner Butler Head Office: 01895 256000.
