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£0 £1000000

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Successful Painting & Decorating Company

Bathgate , West Lothian

  • Asking Price: £500,000 +SAV
  • Turnover: Turnover as of 2018 accounts - £1,217,076
    Net Profit - £121,954
    Adjusted Net Profit - £178,907


    Please quote reference B05208

  • Tenure: Leasehold

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Please quote reference B05208

Hilton Smythe welcomes to the market an exciting opportunity to acquire  an exceptionally well run and performing, independent painting & decorating contractors

Neil Rennie Painters & Decorators has been operating under the careful and meticulous ownership of our client for over 20 years and who has grown the business year on year to an impressive level with turnover & net profit now at a consistently good level. The business has now been placed on the market as its our clients desire to take well earned retirement after many successful years of trading.

The business has more than 20 years of experience in providing internal and external painting and decorating services to residential and commercial customers across Central Scotland, with the business building an impressive reputation over the years leading to a solid ‘blue chip' trade client base within the new build housing sector, resulting in the business having a £1 million plus turnover on a consistent basis.  

In addition to the impressive turnover the business also has secured a good level of future work for the next 3 to 4 years in the order book.  Other services offered include wallpaper hanging, floor painting, interior design, paint effects, Artex and Ames taping, skimming and coving, along with Bathroom and kitchen tiling & floor and wall tiling, all backed up with an excellent after sales package for both residential & commercial customers.

There is scope to significantly increase turnover with the undertaking of increased corporate contracts, along with the provision of a robust marketing campaign via radio, press & social media advertising and increasing the work force to service new & ongoing contracts, making this an ideal acquisition for an existing operator or multi trade organisation.

A tremendous opportunity to own this well performing, well established, turn key business, and early enquiries must come highly recommended to avoid disappointment

The business is currently run & managed by our clients with 15 employed & 7 CIS employees.

Monday To Friday 0800 – 1630 but the new owner can run the business to suit.

The Business is currently located in the village of Blackburn, West Lothian, EH47 & covers the majority of central Scotland. 

Vendor to supply a full inventory of equipment & vehicles

 

Tenure
This is a Leasehold Opportunity, on a rolling lease arrangement with the local council.

Terms and conditions to be advised.

 

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