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Sold. Groundwork Contractors

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Trading hours:
Monday Friday: 7.00 am-4.00 pm
Employees / staffing:
No staff are employed, however there are ten contractors that are used on a regular basis to provide the labour needed to complete all projects.

Reason for selling:
The current owner is looking to retire after forty years in this sector.
Support and training:
Any necessary training and a comprehensive handover is available if required, to ensure continuity of trading.
Business is relocatable:
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Groundwork Contractors
Ref. GF036
Location : Essex
Asking Price : 1,200,000
This business offers a broad range of groundwork services to the construction industry including foundation work, drainage, ponds, lakes and mud clearance, which are all regular projects. The business also specialises in barn conversions.
Established in 1994, this business has built up a strong reputation throughout the region. There is a real opportunity to build upon this reputation and genuine and demonstrable scope for substantial growth of the business.
Regular contract work is undertaken throughout Essex, Cambridgeshire, Suffolk, Hertfordshire, Bedfordshire and the outskirts of London.
A full construction service is provided for clients and the business has become particularly sought after and well renowned for the groundwork services that is provides.
The business benefits from strong cash flow and new contracts are won on a very regular basis. A reliable and strong team of contractors have worked with the business for long periods of time.
This business has great potential. The current owner operates the business to suit his lifestyle, however a more commercial management style would create new opportunities that are currently being awarded to competitors.

Expansion Potential
Generally the business runs to capacity with a full order book simply on the back of outstanding recommendations from previous work that has been undertaken and numerous referrals. ,However, a more commercial approach to the business including some advertising or a marketing strategy would undoubtedly create numerous new opportunities.
Additionally, the business could diversify and take on other construction projects to add to the regular groundwork contracts that the company is renowned for.

Market / Competition / Non-Competition Agreements
The business does have a website, but this would be more effective if marketed. The company is also featured in Yellow Pages.