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Asking Price
£95k
Description
This growing business provides road sweeping and associated plant, with an operator, on a 24/7 basis. It has a modern fleet of 5 owned and 3 long-term hire sweepers of varying sizes. 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. The company expects sales this year to be around £800k. 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 £95,000 for 100% of the share capital. The sweeper vehicles, currently held in a separate company, will be transferred at fair value with the existing asset finance arrangements in place.
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