Thriving Concrete Supply Business – Norfolk
- Asking Price: £270,000 +SAV
Mobile Concrete Supplies generated an advised turnover of circa £2,458,654 as of the 2018 accounts, with a gross profit of £310,016, a net profit of £57,250 and an adjusted net profit of £158,697.
The assets being sold with the business are worth in the region of £230,000.
The average stock value is in the region of £25,000.
Please quote reference B05557
- Tenure: Leasehold
Please quote reference B05557
Hilton Smythe welcomes to the market Mobile Concrete Supplies, a family run business that was established in 1980. Our client is now looking to sell due to health reasons.
Since being established, Mobile Concrete Supplies has built up an excellent local reputation for delivering ready mixed concrete to commercial and domestic customers. They provide ready mixed concrete for a range of different jobs, from housing projects and new builds to small deliveries for private domestic jobs.
Working with trade and private customers throughout Norfolk, delivering and pouring ready mixed concrete. Their mantra is no job is too large or too small, and they can supply any quantity required. Mobile Concrete Supplies can also give advice on a concreting job, recommending the correct amount of concrete and the most cost-effective price. They also offer a service to supply local contractors to help with the laying of the concrete if required.
All this has given the business a very strong reputation and at time of instruction it is held in high regard with 5* reviews on Google. The business is being sold with a comprehensive website.
Mobile Concrete Supplies is a profitable company, however, it does turn some work away as it is at capacity the majority of the time, therefore, there is scope for further development by considering the following:
- Working weekends and putting on extra shifts
- Bringing in extra lorries to cope with the extra work created
- Deliver outside of Norfolk
- Long established company
- Held in high regard locally
- Great reviews on line
- Annually profitable
Hilton Smythe highly advise early viewing to avoid disappointment.
The business is run and managed by our client, with the help of 12 members of staff, including 6 Drivers and a Batcher.
The business opening hours:
Monday - Friday: 6.30am – 5pm
Saturday & Sunday: Closed
It could be a consideration of the new owner to open at weekends also.
Mobile Concrete Supplies is located in Ketteringham, just off the A11 South East of Norwich. The business covers Norwich and Norfolk in general. The yards is easily accessible to the A11 and A47, giving access to the entire county of Norfolk.
Norwich is a City and county town of Norfolk. It is an affluent area which is always undergoing expansion, therefore, the need for concrete in the area is high.
The business is located on a yard of about half to three quarters of an acre.
On the yard are 2 portacabins and the concrete batching plant, which is capable of 300 cubic metres of concrete per day.
The business is being sold with:-
An 8 wheel tipper
9 concrete mixer lorries
3 Fiesta vans
Land Rover Discovery
We are advised the business is being sold as a leasehold business opportunity with a 15 year lease from 2014 and an annual rent of £9,600.
We are advised business rates are £10,000 per annum.