M&E Maintenance Business For Sale

Business description

A building services M&E maintenance business is for sale carrying out planned and response maintenance on term contracts typically of 3 years duration. It does maintenance only and no projects. It also manages the building utilities maintenance. It serves the commercial sector and mainly end-users who have multi-site operations. Sales are growing well based on existing customers, but the number of customers is low and the directors want to increase this. The forecast is £2.7M this year and its sustainable profitability is £0.25M per annum. The business has a good management team which will remain in place post sale, and is structured to handle a bigger organisation. The directors are satisfied a market for the company’s services is there but want to access it much faster and with greater customer diversity than it is getting on its own. To achieve this, a majority shareholding is offered to a buyer with whom there would be good synergies such as cross-selling. The total shareholding is valued at £0.75M premium to Net Worth

Property information

Property:

Freehold

Location:

on an industrial estarte adjacent major trunk road

Other information

Expansion potential:

Existing customers are already enabling the busines to grow at 20% per year, but the directors want to access a wider customer base and increase overall growth rate and they are convinced that their strong service will quickly displace competitors.

Competition / Market:

Its proprietary maintenance systems give it a competitive edge as it not only provides good engineers but also a strong maintenance management system which makes it easy for the client.

Support & training:

as required

Reasons for selling:

willing to sell a majority shareholding to grow more quickly and to access cross-selling opportunities.

Trading hours:

6 days

Website:

www.business-engineering.co.uk

Related documents:

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• summary3.1

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