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Established in the early 1990s, this business is both a supplier and distributor of specialist ventilation equipment. Primarily targeted to the building services sector, the business offers products ranging from heating ventilation and air conditioning for office, commercial and industrial applications to a vast range of residential ventilation equipment and materials for this ever changing and demanding but growing sector.
As one of Ireland’s leading suppliers of ventilation equipment, the business has established itself in the commercial, industrial and residential industry. The vendor takes pride in the business’ personal service, attention to detail, quality and professionalism. Ensuring that the highest standards are maintained throughout the entire duration of a customer’s project.
The current employees are highly skilled and accredited. With an extensive customer base and an excellent rapport with their current and past clients, the business enjoys high levels of repeat business as well as business from new customers. The business has great potential to double or triple the current turnover by rekindling business with previous customers and by recruiting more staff. It is estimated that the business could achieve a significantly higher turnover in 12-18 months time if more staff were hired to take on more projects.
The business currently has 6 full-time staff and 1 part-time employee.
The infrastructure is in place including facilities, knowledge and experience for the ongoing success of this business. The many strengths of this business include:
• Infrastructure in terms of skills and staff
• Large customer base generating high levels of referral and repeat business
• One of the best known businesses of its kind in the country
• Excellent reputation
• Opportunity to generate sales in the rapidly growing residential sector
• Collective knowledge of the stringent building regulations applicable to both industrial and residential projects.
• Multiple unique solutions to delivering compliant H&V systems just waiting to be fully exploited on many fronts.
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable and has enjoyed excellent trading results year on year. This has resulted in profitability to the owners and this trend is expected to continue in line with growth in the sectors it serves and the company’s reputation going from strength to strength.
2018 Turnover 1.7m Euros
2018 Gross Profit c714,000 Euros
Net assets 272,000 Euros assuming no cash no debt
2018 Projected BITDA before management costs of 215,000 Euros
The business is currently managed from Leasehold premises in a business park.
There is 6000 ft² of office, warehouse & trade counter space. There are 16 dedicated parking spaces. The terms of the lease are completely flexible.
Current Rent: c£48,000 per annum.
This is a genuine retirement sale.
The vendor is happy to provide a comprehensive handover to ensure a smooth seamless transition.
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