Property Information
Address:
Coventry, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH523250
Property Ref/Agent: 12756-training-company-with-great-reputation
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Coventry Building Workshop Ltd. This training company was originally established by our clients in 2006. The owners are now looking to sell the business due to the desire to focus on other business interests.
This is a training course business that offers a variety of training services, such as bricklaying, plastering, carpentry, kitchen fitting, plumbing, tiling and electrical, including basic and full domestic installation courses, Part P of building regulations, 17th edition regulations, 2394 certificates, 2395 certificates, full domestic evening courses, site safety plus and CSCS card testing. Our clients are also registered as an alternative training provider for the schools and run school programmes in construction offering a Btec qualification.
The business currently generates an advised turnover of around 504,000 per annum with a gross profit of 53%. The business has massive scope to increase the turnover. This training company has potential to be the biggest and most successful training company in the UK.
Ways in which the turnover could be increased, are as follows-
Offer a recruitment service. This is often asked for from businesses throughout the country.
Focus on apprenticeship training, this is in large demand.
More focused advertising, although the current owners advertise online, in local papers, over the radio and even on the back of buses, they feel this could be expanded further.
Expand geographically
Employ a canvasser with a view to approaching businesses, schools, colleges, job centres and the local authorities.
Offer more class room based courses
Offer scaffolding training
Offer first aid training
Offer genny and cat training
Offer Fire Marshall training
This is a fantastic business that has been built up over the 10 years. Enviable relationships and contracts have been formed, allowing for a generous amount of repeat trade. They have contracts with local councils, job centres and corporate industries, namely, Jaguar, Land Rover and Peugeot, amongst others, Schools and Colleges such as Coventry College and Sherbourne Fields school and Coventry Wasps RFC. These contracts and information of contacts will be included in the sale, as well as the business website. On the site they have special offers and list courses available
Coventry Building Workshop Ltd is being offered to the market at an exceptional price. The sale includes a considerable amount of assets, that is not to be missed. This would make a perfect opportunity for a hands on new owner or partnership, looking to take this already very successful business to the next level. Hilton Smythe highly advise early viewing to take in the full potential of this well-run business. Welding and coding training available also.TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
Remaining lease length: around 2 years as of 2016.
Rent: 32,000 per annumHOURSThe business opening hours-
Monday - Sunday: 8:30am - 5pmSTAFFThe business is run and managed by our clients, with the help of six full time and five part time members of staff.FINANCIAL PROFILEThe business generates a turnover in the region of 504,000 per annum.
Gross profit 53%
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