Status: For Sale
Tenure: Leasehold
Leasehold Rent: £8,500 per annum
Turnover: £406,451
Established Commercial and Domestic Plumbing/Heating Engineering BusinessEstablished Commercial and Domestic Plumbing/Heating Engineering BusinessEstablished Commercial and Domestic Plumbing/Heating Engineering Business
£250,000 + SAV

Established Commercial and Domestic Plumbing/Heating Engineering Business

For Sale
  • Reference: 13991 H
  • Location: Cwmbran, Newport
Hilton Smythe welcomes to the market Pritchard Services 2011 Ltd. This specialist business is a very well-established commercial and domestic plumbing/heating Engineering business serving both oil and gas.

The business covers all aspects, including, installation, breakdown and maintenance, together with a bespoke system design service, which the owners tell me is fairly unique with this type of business.

They also cover air conditioning and electrical which is sub contracted out. A new owner should consider bringing this service in-house, which could make the business even more profitable.

Experts in air conditioning, renewable energy and many other heating services. The business is able to supply, install and maintain a variety of heating systems to suit customer's needs, having experience of providing support for both domestic and commercial customers, designing a suitable system and then installing it.

The business itself has been run by one of the current owners for more than 20 years and together as a LTD company for the past 6. The owners are now looking towards a very well-earned retirement.

TENURE

We are advised that the business is being sold as a leasehold opportunity, with a 3 year renewable lease. The rent payable is £8,499.96 per annum.

According to the VOA website the current rateable value is £9,100 with rates payable of £2,350 per annum.

We are advised that the business is being sold as a leasehold opportunity, with a 3 year renewable lease. The rent payable is £8,499.96 per annum.

According to the VOA website the current rateable value is £9,100 with rates payable of £2,350 per annum.

HOURS

The office opens normal office hours Monday to Friday, however the business is open 24 hours a day for emergency call outs.

STAFF

The business is currently run by the owners and 3 full time engineers.

FINANCIAL PROFILE

The accounting information shows a turnover of £406,451 for the year ending March 31st 2016 with a gross profit at circa 70%.

We understand from the owners that this has continued to improve with a forecast turnover for 2017 of around £467,000.
Pritchard Services 2011 Ltd is situated in Cwmbran, Newport and covers a wide area to include, South Wales, Gloucestershire, Herefordshire and Bristol.

The area is well served by the M4 motorway together with many A roads giving easy access to all the areas covered and beyond.
The premises are set within a good sized purpose-built unit covering 138.6sqm, on a modern industrial estate and briefly comprising:-

Useful office area having 2 desks, chairs etc,
Large WC,
Storage cupboard.
Spacious workshop area, (part first floor storage area over),
Access is via a full height roller shutter door and also a separate doorway if needed.

From the doorway a further office area could easily be created if required.

There is also plenty of communal parking when needed.

Included in the sale are 4 vans, 3 Berlingo's and 1 Dispatch and some specialist equipment.

Also included is an easy to use website, which brings in a lot of business in the areas covered.

The buildings benefit from a fitted alarm system (not working at present) and double glazing.

Contact us today for more information

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