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Finance And Services:

Sold. Domestic And Commercial Painters & Decorators Of Distinction

LISTING DETAILS
Firms For Sale ID:
34549
Vendor reference:
GK272
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£70,000  
Turnover / revenue:
£300,000
Net profit / cashflow:
£52,000
Years established:
47
Trading hours:
8:00am to 4:00pm Monday to Friday
Number of employees:
7
Employees / staffing:
The business currently employs 7x Full Time Painters and Decorators

OTHER DETAILS
Reason for selling:
Retirement.
Support and training:
The vendor is available for a handover period by negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Domestic and Commercial Painters & Decorators of Distinction
Ref. GK272
Location : Bristol
Asking Price : GBP70,000
This is a well established commercial painting and decorating firm that has an unrivalled reputation built in the Bristol area, built on years of trust and quality of work. The business deals with mainly private high end work from initial enquiry right through to final sign off. There is a pipeline of work valued at circa GBP130,000 on the books which consists of all types of external and internal decorating from GBP1,000 to GBP20,000.

Established since 1969, the team of staff have all been employed for many years and four of whom for more than 15 years, there are no subcontractors.

The company provides both internal and external painting and decorating services with minimal disruption and with the finest attention to detail. No job is too large or too small from the grandest listed buildings, including churches and schools to smaller dwellings.

The business is used by private residential customers and leading reputable companies that use their services on a regular basis. Several of these customers have long tems contracts in place, which ensures consistent levels of work year in year out. Operating at the moment on approximatley an area that encompasses North WestBristol, the vendor feels that the historic success of the business in this area could be built on by exopanding the geopgraphical radius of the work undertaken.

The business is highly competitive yet make regular profits each year, and has performed well during all periods of economic downturn.

This would make a perfect bolton business for another company who are looking to either expand their own operation and immediately increase their database of blue chip prestige customers.Alternatively it would appeal to a company who is looking to expand their services into the decorating sector of the market with a pipeline of work already in place.

Expansion Potential
There is no reason why a new owner could not scale the business up to increase profitability. The business has all the necessary accreditations and reputation in place to do this. The vendor has been happy to keep it at its current levels over recent years and enjoys the benefit of having good levels of work in progress and a future order book. The company spends very little on marketing, but has an excellent online presence to showcase it services.

Market / Competition / Non-Competition Agreements
As mentioned the business has an online presence. However, work is constantly gained due to the reputation it has built up over the years for consistent quality of work.