Independent Acoustic Consultancy Company for Sale

Reference Number: HFM244

Location: North England

Turnover: £570k

Status: UNDER OFFER

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Business Summary

  • An outstanding opportunity to acquire a well-established independent acoustic consultancy in the North of England.
  • The company offers expert analysis, advice and design in all areas of noise and vibration using state-of-the-art technology.
  • Established in the late eighties, the company has successfully traded through several periods of recession and continues to demonstrate a very stable revenue base.
  • The company has an unblemished track record with no claims on their professional indemnity insurance since the company’s inception.
  • On average the company attracts 60 new clients per annum.
  • 97% of the company’s projects come from either existing clients or from recommendations.
  • All consultancy staff are members of the Institute of Acoustics.
  • The company is a member of the Association of Noise Consultants.
  • The company has a solid policy of recruiting only the best people in the field
  • The company provides a culture of continual professional development as well as excellent benefits and a positive environment for their staff which gives rise to very low staff turnover.
  • Current market conditions would support aggressive growth, providing additional staff of an appropriate quality were available.
  • The acquisition of the business would represent a significant opportunity particularly for either a multi-disciplinary consultancy seeking to add an acoustics arm, or a multi-disciplinary consultancy who already have an acoustic consultancy division but who would benefit from a strong business unit in the North of England.

Services

  • Architectural Acoustics
  • Sound Insulation Testing
  • Environmental Noise
  • Auditoria Design
  • Building Services
  • Occupational Noise
  • Planning
  • Vibration
  • Legal Services

Employees

  • A part-time Director, 2 Principal Consultants, 2 Senior Acoustic Consultants, 2 Acoustic Consultants, 2 Acoustic Technicians and 2 part-time secretaries.

Premises

  • A 2464 sq. ft. premises in the North of England owned by the vendors.
  • The current rent is £28,800 p.a.
  • The rates are £6492 per annum
  • The lease runs until 3rd August 2023.
  • The vendors would consider selling the property if this suited the acquirer or would consider putting a new lease in place.

Reason for sale

  • The vendor now wishes to concentrate on his other responsibilities within the field of acoustics. Since the vendor’s semi-retirement in 2009, the company has been managed by its two Principal Consultants.

Financial overview

Year ending 31st March2012201320142015
Sales revenue£511,450£504,251£515,812£572,147
Gross profit£500,295£500,026£512,548£565,023
Percentage98%99%99%99%
Adjusted EBITDA£55,134£68,527£105,659£98,496
Percentage11%14%20%17%
UNDER OFFER

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