Business description

The founding director established the business in 1992 since when it has become one of the best known and respected diamond drilling companies with a portfolio of customers that generate business across the UK.
It offers a range of niche market services that include rig mounted and hand held diamond drilling usually used to create a clean cut to facilitate plumbing, electrical and heating installations.

It also offers wire sawing, wall sawing and bursting, hydraulic bursting and internal and external floor sawing.

Its services are usually required during building refurbishment and services work where specialist equipment is needed to drill holes up to 750mm wide and of indeterminate depth. All drilling equipment can be water cooled to preserve the diamond tips. Much of its work is completed at short notice to resolve unforeseen issues that have surfaced during a construction project. On other occasion’s architects and civil engineers will recognize the need for the company’s skill sets and drawings will be provided to allow a planned approach to the challenges involved.

Equipment:

A full inventory of equipment will be made available on request.

Customer Service:

The business has a core client base of circa fifty regular customers. Many of these have been using the company for many years. This is because they offer a flexible, professional and quick response service that gives the minimum amount of down time to a project that has come up against a specific drilling or cutting issue.

Whether the business comes from quick response contracts or normal pre planned contract work they can be relied upon to supply a professional and quality service that contractor’s value.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. All accounting information will be made available on request from the vendor. The company had a turnover in 2008 of around £400,000 with gross profits being circa £190,000. Figures for the present financial year are not available as yet.

Property information

Property:

Leasehold

Lease terms:

The premises are available to lease at an annual rental of £35,000 or purchase subject to valuation.

Location:

The premises are available to lease at an annual rental of £35,000 or purchase subject to valuation. They consist of a site covering circa one third of an acre located in a residential area and consisting of a small workshop and storage area, offices and toilet facilities.

Other information

Expansion potential:

The business could be grown by establishing strategic alliances with companies giving sole supplier status. In order to achieve this additional staff would be required with the associated management team to cope with the increased volume turnover.

Competition / Market:

The company has an optimised website that operates with Google ad words. There are no specific industry magazines so the company has its own pamphlets that it mail shots to prospective clients on a regular basis.

Support & training:

The director is extremely keen to see the business continue to flourish and will be willing to remain with the business for an agreed period to facilitate a smooth and professional handover.

Reasons for selling:

The founding director has decided to retire and hand the business on to a new generation of owners who can make the appropriate investment to take the business forward into the next decade and beyond.