City: 
Price: £500,000
Profit: £180,182
Revenue: £1,053,000
Online: No  Startup:No
Finance: No  Home Based: No
Franchise: No  Freehold: No
 Established: Yes   Establishment: 1990
Employees: 15
Stock: No

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Description

This is a well established comercial and private decorating firm that has been trading successfully since 1990. They have a good number of Blue Chip clients who use their services an a regular basis including, National house builders, local authorities, construction companies and social housing associations. They regularly have up to six months work in progress on their books working on retirement homes and vilaages, schools, hospitals and factories, primarily in the North East of England.

 

 

The company has c£1.5m of contracted work in its pipeline.

The company works with a good team of skilled and time served decorators. It is easy to run with low overheads as the owner operates from an office in his own home with a small lock-up to store the decorating equipment. They are members of CHAS, Construction Line and the Decorators Federation.

 

The business has a good name and reputation having won “Pride in work” and “Quality in work” awards in the last few years. They are highly competitive yet make regular profits each year, and have performed well during the recent recession.

 

 

This would make a perfect ”bolt-on” business for another company who are looking to either expand their own operation and immediately increase their database of customers. Or for a company who is looking to expand their services into the decorating sector of the market with a number of major contracts automatically in progress.

Reason for sale

The owner wishes to emigrate.

Growth potential

The owner now finds the business easy to run after almost 30 years in the industry and is comfortable with the amount of work that the company handles. They have work in progress of circa six months with other contracts in place which could last for another two years depending on the housing market. The company spends little on marketing apart from their website and does not actively search for new business at present. New owners with more hunger and desire and with new ideas would be able to secure extra business with a small amount of effort.

Accommodation
Training

The owner would be happy to help with a smooth transfer of the business in any way possible.