Property Descriptions

Location: Essex Asking Price: £175,000 including Net Asset Value Business highlights include: Turnover 2023/4 circa £600,000 p.a. Gross profit circa £400,000 p.a. Adjusted EBITDA circa £80,000 p.a. Net assets circa £50,000 Very well established with long term client base Loyal experienced and trained staff Repeat and longstanding residential customers Full range of accredited services Business Profile: This family run business was originally founded in 1980 to provide domestic and commercial heating and plumbing services in the Essex and surrounding area. Plumbing & Heating Services The business and has grown an enviable reputation within the area in boiler repair, breakdowns, installations, central heating and general plumbing. The business is well structured with an excellent and consistent trading history and repeat client base showing continuous profit. There is enormous potential to grow the business further. The services provided include: Boiler Repairs and Servicing New Boiler Installations Central Heating Systems Power Flushing General Plumbing There are 6 members of staff employed across the business. Clients: The business has a large and loyal residential client base. Technology: All necessary IT equipment and software is in place to run a successful heating and plumbing services business. A full inventory of equipment is available on request. Key Strengths: Great reputation Specialist services in high demand Fully insured and accredited Gas Safe IPHE Member Certificated for Unvented Hot Water Systems Certificated for Energy Efficiency for Domestic Heating Advertising: The business does not currently need any active marketing as all business has come mainly from strong ongoing relationships with customers and word of mouth referrals and recommendations. Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business has an active website with contact form. Employees: The business is supported by 6 staff including: 2 Directors (1 full time office administration, 1 part time engineer – 3 days a week 2 Full time registered service engineers 1 Part time sub contracted registered service engineer 1 Part time office administrator (Estimates, invoicing and booking work) Business Hours: Monday to Friday: 8:00am – 5:00pm Saturday & Sunday: Closed Premises: The business currently operates from the director’s homes and could easily be relocated. Assets and plant owned by the business The business does not need to hire in any plant as all necessary plant and equipment is owned outright by the business and will form a part of the sale. A full asset list is available on request. Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business has achieved a history of excellent turnover and profits consistently over 5 years. Turnover to 30th September 2023 £552,343 p.a. Gross profit circa £187,055 p.a. Adjusted Net profit circa £57,197 p.a. The Asking Price of £175,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of £175,000 assumes a NAV of £50k with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £50k. A complete asset list is available. Reason for Sale: This is a retirement sale. Support and Training: The existing directors and shareholders will provide full support and training to any purchaser.