Business Overview
Brief: Plumbing, heating, and gas installation and maintenance.
Location: Surrey
Established: 2021
Asking Price: £200,000
History
The business was established in 2021, amidst the challenging backdrop of the COVID-19 pandemic. Despite the financial hurdles faced during the initial setup, the company has successfully navigated these challenges, establishing a loyal customer base with many clients opting for additional monthly maintenance plans.
Present Position
Currently, the company is thriving, providing a comprehensive range of plumbing, heating, and gas services, including installation, servicing, and repairs. The director is currently exploring opportunities in the renewable energy sector, particularly Air Source Heat Pumps (ASHP). The business is operated by a dedicated team of two, including the director, and has achieved a turnover exceeding £300,000 with a net profit of £65,000.
Future Opportunities
The business is well positioned for growth, with significant potential in the renewable energy market. The director’s exit presents a unique opportunity for a new owner to capitalize on the established foundation and expand into new areas.
Key Details
- Services Provided: Plumbing, heating, and gas services, including installation, servicing, and repairs. Monthly maintenance plans are available for customers and landlords.
- Staff: 2 (including the director)
- Financials: Detailed financials for the last three years are available upon request.
- Management Team: The current team consists of two individuals who handle all aspects of the business, from service delivery to quoting and invoicing.
- Director’s Responsibilities: The director is actively involved in surveys, quoting, invoicing, and hands-on service delivery.
- Reason for Sale: The director is looking to move abroad.
Financial Summary
- Turnover: £300,000+
- Net Profit: £65,000
Last 3 years financial history
- 2023/24: T/O £333k NP: £46k
- 2022/23: T/O £360k NP: £58k
- 2021/22: T/O £306k NP: £18k
This is an excellent opportunity for an investor or another business in the sector to acquire a well-established company with a strong customer base and significant growth potential in the renewable energy market.
Interested parties are invited to express their interest and request further details. Contact Nick on [email protected]
Confidential discussions and viewings can be arranged upon qualification. This is a discreet sale, and confidentiality is paramount. We look forward to facilitating a seamless acquisition for both the buyer and the seller.
** Note the image above is for illustration only.
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