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.
