Specialist office refurbishment company
For sale (ref: SCF0286) - added 05 March 2010
This business provides partitioning, suspended ceilings and specialist joinery services to a customer base spread across the whole of the UK. It is usually engaged directly by the end user and not as a sub-contractor.
Our client provides a full turnkey service to its customers with in house surveying, design, consultancy and project management which includes organising all relevant sub-contractors for electrical, air conditioning and other work as required.
It services commercial and industrial markets enjoying an excellent reputation to the extent that 70% of its work is from existing customers and only 50% is subject to competitive tendering. The company has been on one particular site permanently for over 18 years.
It enjoys a particular niche within the communications room sector. This market demands very high standards and has been very lucrative, with a further 2 years work worth £1m currently under negotiation.
Property Details: Leasehold
Asking Price: £800,000
Turnover: £1,271,000
Location:The business is located in the West Midlands, but operates nationwide.
Premises Details:The business currently leases its premises from the vendor. It is envisaged that the existing lease will continue, although the freehold may be available if required.
Size in Sq Ft: 3552
Lease Terms:The rental is £16,560k p.a. A 10 year lease was agreed in 2008, with 2 yearly rent reviews and a five year break.
Reason For Selling:Retirement
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