Road Sweeping Contractor In East Midlands For Sale

Business description

This growing business, based in the East Midlands, provides road sweeping and associated plant, with an operator, on a 24/7 basis. It has a quality, modern fleet of 5 owned sweepers of varying sizes – in addition up to 3 long-term hire vehicles are also in use.

The Company has consistent, year round business. Residential Developers use sweepers to keep their sites clean, especially during winter. Road Builders also use the sweepers and the Company has contracts with both blue chip civil engineering companies and local councils.
The business is based in a rural business unit with about 300 sq m inside and a secure yard of about 500 sq m. Sales in the year to May 07 were £544k and the adjusted operating profit was £17k. Sales for the year ended May 08 will be substantially higher at around £800k. Demand for this company’s services continues to be strong.
The Operations Director, who has managed the business for a number of years, will stay on. This Company will be of particular interest to the construction services sector and it will also appeal to a private investor interested in the sector.
The Guide Price for this business is £45,000 for the goodwill and miscellaneous assets (spares, fuel tanks etc). The sweeper vehicles, currently held in a separate company, will be transferred at a fair value figure of £325,000 - with the existing asset finance arrangements in place subject to approval by the funders.

Property information

Property:

Leasehold

Lease terms:

Casual lease, one quarter's notice required

Other information

Financing available:

Subject to funder approval, financing on road sweeper equipment will be transferred to new owner.