Scaffolding erectors, Shropshire
For sale (ref: SCF0289) - added 15 March 2010
This highly regarded business has grown rapidly to take a significant share of its local market. Clients are well spread with no reliance on any particular source.
The current owners are office based placing up to 7 gangs on the road at any one time. These consist of 4 advanced scaffolders, 5 part II qualified and 1 part I qualified scaffolders, 4 HGV drivers, 5 labourers and 2 yardmen. A fleet of HGV vehicles is also run. The current owner wishes to retire but other senior management are available to stay with the business.
Operating from a greenfield site with excellent road links to all of its operational area.
The business has grown 500% in the last 4 years. Adjusted EBITDA of £170k has been achieved before owners costs. Turnover was £932k.
The sale price is £350,000 for the goodwill and fixed assets of the business, plus the stock of scaffolding equipment at valuation.
Property Details: Leasehold
Asking Price: £350,000 + SAV:
Turnover: £932,000
Location:Situated on 0.5 acre Greenfield just outside a major town with excellent road links to all of its operational areas.
Relocatable: Yes
Reason For Selling: Retirement sale.
The business has seen excellent historic growth, and as such this is a major opportunity for a new owner to enter the local market and use it as a base to continue the expansion being generated by our client, who is prepared to provide a full handover, as required.
The asking price will still provide a good return on investment to a new owner/manager, which should improve as the business continues to expand with the potential discussed above. This is a truly excellent, profitable and well run business.
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