Renowned installation company

Company history/background

Concerns: the sale of 100% of the shares of a private limited company as well as the inventory, machines and means of transport rented from the parent company.

Reason for sale: the owners have been running the company for quite some time, given the age of one of the shareholders, they want to proceed with the sale. There is no succession in the immediate vicinity, either within the family (children) or within the company (employees). That is why we are looking for a suitable takeover candidate.

Company activities

Company profile: the company is active in the field of heating and air-conditioning installations as well as plumbing. Both for individuals and companies. The company is asked to carry out maintenance work (25% of the turnover), to supply installations to homes and commercial premises for both new construction (40% of the turnover) and renovation (35% of the turnover).

In the 50 years that the company has been active, it has developed into a total supplier of W installations. And it has built up good brand awareness, resulting in long-term customer relationships and staff eager to work for the company.

Employees: The company has 50-75 employees, almost everyone works full-time. The employees have been employed on average for more than 10 years, the average age is approximately 40 years.

Location: the company is located in the Netherlands in modern business premises, sellers assume that the acquiring party will continue to rent the property (sale of the property is an option).

Unique selling points

Financial details:

Year: 2019
Turnover (€): 11,000,000
EBIT (€): 900,000

Year: 2020
Turnover (€): 10,000,000
EBIT (€): 700,000

Year: 2021
Turnover (€): 11,000,000
EBIT (€): 1,000,000

Year: P 2022
Turnover (€): 12,500,000
EBIT (€): 1,150,000

Year: P 2023
Turnover (€): 13,500,000
EBIT (€): 1,250,000

Taking into account the interim turnover and the current order book, the turnover forecast for this year has already been amply fulfilled. This is also the case for 2023 if the overflow of projects, orders for 2023, the extensive quotation portfolio and the turnover share of service and maintenance are taken into account.

Other

Comments: the company can be an interesting addition to existing market parties or strategic parties that want to increase their market share in the Netherlands or acquire a share in the Dutch market. The other shareholders are prepared to remain active within the company after the sale.