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8867 AL HERTFORDSHIRE LEASEHOLD: £225,000 ROOFING CONTRACTORS

Asking Price: GBP 225000
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Business Location: United Kingdom » Hertfordshire » HERTFORDSHIRE 
Category: Services » Construction
Description:
Advent Business Sales is pleased to have
been instructed to the market this extremely
well established roofing business with good
future potential.
Established in 1979 by the vendors, it is
now being reluctantly offered for sale due to
their retirement plans.
The business is currently staffed by the 2 full
time vendors with 11 full time tilers, a full
time driver and a part time secretary.
Additional sub contractors are engaged on a
self employed basis as and when required.
Work is a mix of residential 40% and
commercial 60% with a forward order book
which averages 3 to 4 months at any one
time.
The business whilst located in Hertfordshire
also covers the surrounding counties up to an
approximate 50 mile radius from the depot.
The business undertakes all types of roofs
including slate, felt, fibre glass and tiled.
No job has proved too big and none to small
They have an excellent reputation with high
repeat and referral business with minimal
advertising undertaken.
We are advised that stock at cost is
approximately £10,000 with work in process
circa £35,000.
The vendors are prepared to work with a
new purchaser for a period of time to ensure
a smooth transition and to effect the
necessary introductions to staff and
customers.
Financial Information:  
Annual gross sales: (GBP) 933000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 65000
General Information:  
Business Area:
Year Established: 1979
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: staffed by the 2 full time vendors with 11 full time tilers, a full time driver and a part time sec
No of trading hours: Mon-Fri: 8.00am – 5.00pm
Reasons for selling:
 Established in 1979 by the vendors, it is now being reluctantly offered for sale due to their retirement plans.
Market competition and expansion:
 The business already has excellent sales and profits but still has good scope for the future by: 1. Increasing the area covered and possibly having a satellite office 2. Doing more specialised work 3. Advertising more
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