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Environmental Services Company for Sale

East Midlands

Leasehold : £ 1,600,000

The business operates from leased premises in Shropshire close to main trunk roads and motorways and comprises administrative offices, fully equipped work shop and a large, secure vehicle yard. There is also a remote team in Yorkshire, which is developing quickly.

The current annual rent is: circa £25,000

The current lease has 6 years remaining

Location: Shropshire
Leasehold premises

Asking price: £1,600,000 plus Net Assets

Business highlights include:

Adjusted EBITDA c. £470,000 (2022 Forecast)
Net Asset Value c. £366,000 (2021 accounts)

Reliable return customers
Established over 10 years
Trusted management team
Demand exceeds capacity
New business lead generation
Long serving knowledgeable workforce
Superb reputation

The business has experienced a significant increase in demand for its services and the year to date, 6 month management accounts show turnover of circa £657,000 and this is expected to continue to the full year’s end, at which time the EBITDA is forecast reliably to be circa £400,000.

This level of trading is now expected to be maintainable over the long term.

Business Profile:

The business is an established, services company, which has been in business for 11 years and has established itself as a well known service partner to its customers in the Midlands as well as having managed out workers covering the Yorkshire area. It is particularly associated with providing high levels of service at a competitive price, but above all, for its reliability and responsiveness to the requirements of its clients.

From modest beginnings, as a single driver with a road-sweeper, the vendor has built the company into a trusted commercial partner for sweeping, drainage and deep cleaning services with a reliable team of management & staff who make sure that all parts of the business work well and to each customer’s satisfaction.

The company’s activities now extend across the North of England for larger infrastructure and housebuilding developments and the company’s fleet includes road sweepers, a high pressure combi tanker for drainage work, cctv surveys for drainage work, 5 tractors, trailers and tankers for our agricultural contracting work.

Current customers include:

Civil construction companies
House building companies
Industrial estate cleaning companies

The vendor considers that there are many competitor companies throughout the UK but that the market demand remains so high that it is unable to accept all the work that it is offered. The company will also cross hire to other sweeper companies to enable them to meet the demand in their own areas.

This necessary collaboration and scale of demand illustrates a clear opportunity for a new owner with the resources, to add to the fleet and take advantage of this demand; which at the time of writing shows no sign of abating.

During the more than 11 years of trading, the company has provided its comprehensive portfolio of services across the region and consequently gained an enviable reputation for quality, service and reliability.

Trading Hours: Monday – Sunday: 24/7
Staffing: The owner runs the business ably supported by 18x full time staff including:

• Drivers
• Work shop fitter
• Agricultural workers
• Transport compliance manager
• Regional Op’s managers

It should be noted that staff have been working with the company for many years, they understand the company’s quality approach and work to the very stringent standards this business expects and delivers on a consistent basis.

A complete list of all employees is available to interested parties.

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