Successful Hertfordshire Building Renovation and Construction Business for Sale
Undisclosed, Hertfordshire
- Status
FOR SALE
- Date Submitted:
15/06/21
- Advert ID
278229
- Reference
586659 / Rightbiz
- Call Agent:
- Asking Price: £700,000
- Turnover: £2,320,000 (£44,615 Per week)
- Net Profit: Not Applicable
Business Details
Building Home Improvement For Sale in Hertfordshire
BUILDING RENOVATION AND CONSTRUCTION BUSINESS for Sale - Run from Home in Hertfordshire.Rarely do such successful construction businesses come to the open market and one which has shown growth of circa 50% in a single pre-COVID year (2019 to 2020) are even rarer! Annual Turnover £2,320,000. The business has also continued to grow during the Coronavirus pandemic and would be an ideal purchase for an existing construction company looking to expand particularly by geographic region to grow by a substantial amount in one fell swoop.
The business carries out all types of small construction projects with the primary work being loft conversions and extensions. The average customer spend is circa £200,000 to £250,000 and operate on anything between four and eleven projects at any one time. All work is currently performed within our clients home city with work further afield currently being turned away and most work comes from personal recommendation. Showing net profits adjusted to £405,134. Construction work is all carried out by a team of highly competent regular sub-contractors whilst our client tends to spend this time as quality control and quoting. EPC Exempt.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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