Roofing Contractor Business

Location: Cornwall

Asking price: £300,000 + net assets

Business highlights include:

TURNOVER: c£1,100,000 (2023 accounts)

GROSS PROFIT: c£188,000

EBITDA: c£148,000 Before Director’s drawings

NET ASSETS c£109,000

Order Book & WIP up to six months

Key Considerations

· Highly reputable company based in Cornwall

· Long term relationships with local authorities

· Widely known for prompt and caring customer service

· Skilled, experienced and well-trained staff

· Quality and immediacy of communications

· High levels of customer satisfaction and loyalty

· 50 years successful trading

Business Profile

The opportunity exists to acquire by way of a share purchase all of the issued capital in this successful roofing contractor (“the Business”).

In the entire Cornwall region the Business has become one of the most successful and respected roofing contractor companies for its commercial, institutional & domestic customers and clients, many of which have been customers since the earliest days of trading. It operates in the commercial and industrial sectors including Local Councils, Housing Associations, House Builders & Construction Companies and a small amount of domestic customer installations.

The Business is a trusted and much relied upon company and is considered a leader in the region. It has built its name on superior customer service, highly skilled staff, top quality project delivery, and unwavering reliability, and all with little marketing or direct sales but with an attractive and informative website that details well the business’ services and pedigree.

The Business is well established, prudently managed and with an enviable client & customer list. It is an approved member of NFRC, Trustmark and NFRRCPS. It is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business’ activities both geographically and in the scale of services.

The Business has shown itself to be robust during some trying economic times and is well placed to take advantage of its reputation for products & service combined with increasing levels of demand.

It is felt that the demand for new projects is challenging the resources of the Business and the sale of the Business to new owners with the capacity & managerial capability to cope with the demands of growth would yield much benefit.

All relationships have significant scope to increase works. The business has the ability to easily maintain its £1m plus turnover but with new owners it is believed that within a few years this could reach more than £2m with commensurate margins.