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Private Water Service Company In Devon For Sale

Barnstaple, Devon, UK
Asking Price:
£50,000
Sales Revenue:
£416,000
Cash Flow:
£63,000

Genuine retirement sale of a market leading private water service & installation business covering the South West, established in 1989, with a very strong reputation, and still growing.

Follaton Water Services maintains and installs private water pumping and treatment systems, from borehole, well or spring supplies, for homes, farms and businesses. We are trusted by an enviably large database of private water system owners, which we service on an annual basis, and upgrade periodically, generating a reliable source of revenue.

The business, even during the pandemic year of 2020-21, delivered an 18.5% net. profit. This is after both directors drew a healthy wage from the business. Follaton offers similar businesses, or plumbing/electrical/engineering/groundworks operators a genuine opportunity for expansion and growth.

The business is managed by two retiring directors, with two employed engineers sharing over 25 years of combined experience in water treatment, who would prefer to remain with the business and a part time office administrator.

It operates from a small leasehold industrial unit which can be retained only if required by the new owners. The business needs minimal storage space and can easily be relocated to new premises. The business is offered as an asset sale to include the trading name, customer lists, marketing assets and site information, plus stock and assets to be negotiated separately.

The current owners believe that Follaton Water Services offers an excellent investment prospect with a very short payback for a hands on operator from a similar industry.

For more information, please contact us by using the form below.

Property Information

Location:

Follaton is located on a small trading estate and can easily be relocated to a new premises or home site

Premises Details:

The current premises are a leasehold 1000 sqft warehouse & office unit, the lease can be taken over by the new owners, or they can opt to move the business

Size in square feet:
1,000

Business Operation

Expansion Potential:

Currently the business is only restricted by the size of its workforce. Private water engineers or pratcial staff with electrical or plumbing experience would be required to service increased work. Sales growth for a strong operator such as Follaton is readily available and currently we are turning work away. There is also a clear opportunity to add groundworks services to the business offer.

Competition / Market:

The market for our services in the South West is growing due to the prevalence of converting off-mains agricultural buildings, and the growth of the tourism sector. Today, no marketing is required to drive new business

Reasons for selling:

The business is for sale as both directors plan to retire following the sale

Trading hours:

Mon-Fri 8.30 - 5pm
Out of hours service offered on a call out basis with optional overtime for engineers

Employees:
5
Years established:
1989

Other Information

Support & training:

If the new operators recruited the current team of engineers, no handover would be required, alternatively a training period could be arranged.

Website:
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Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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