Reference: BMB10624
Activities: Air Compressor, Parts & Servicing
Location: United Kingdom
Turnover: Circa £550,000 (FY 2022)
Business Overview
BuyMyBiz is exclusively retained to find a purchaser for this long established and highly regarded business. For over 25+ years, the business has been supplying, installing, and servicing compressed air systems for a wide range of business applications. Our clients’ engineers undertake planned maintenance, general surveying, emergency breakdowns, equipment overhauls and system remedial works largely within the Industrial, Manufacturing and Facilities Management sectors.
Long Established Business & Brand
The business’ brand and reputation has been built on their high standard of customer service. Members of the British Compressed Air Society, registered to ISO9001 and Safe Contractor approved. The core services are provided in the South East of England, mainly London and the Home Counties. Turnover is split as follows;
Equipment Sales 24%
Hire Contracts 6%
Service & Breakdowns 50%
Pipework & Ancillary work 20%
Non-Core Business Disposal
The business has a team of 6 loyal and experienced specialists who currently support the vendor with the day to day running of the business. A full and mutually agreeable handover period will be provided; the vendors are also prepared to remain involved for an extended period if required.
Reason For Sale
Our client’s business focus is toward other engineering related services. They believe the future business opportunity will be best realised in the hands of a new entrepreneurial owner or larger business with the experience, enthusiasm, and resources to drive the business forward to the next level.
The Opportunity
Ideally, we seek a trade acquirer with the requisite experience and resources to take this business to the next level. The customer base when added to an existing business will provide an excellent opportunity to up-sell/cross-sell associated products such as pneumatics, vacuum, and trade consumables. Consideration will also be given to buyers with strong market or client synergies looking for a ‘bolt-on’ business that can add value to existing operations.
✓ Solid goodwill & reputation
✓ Established brand & business process
✓ Existing team & premises available
✓ Ideal ‘Bolt-On’ Opportunity
Price
Offers are invited for the trading goodwill and assets (All offers to be based on a cash free/ debt free basis)
The Next Steps
On completion of our non-disclosure agreement and supporting information, qualified parties will receive further information on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.