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Refurbishment And Conversion Developer With Freehold In Edinburgh

Edinburgh, City of Edinburgh, ScotlandIdentity protected

Available

Refurbishment and conversion developer with freehold in Edinburgh

About this business

A developer in suburban Edinburgh that buys tired buildings and converts or refurbishes them into flats and homes for sale. It has traded since 2013 and owns its freehold office and yard. Turnover has held near £5m every year and stands at £5.1m, while EBITDA has grown each year to £1.14m, a margin of about 22%. A team of 10 manages acquisitions, design and site work, with trades brought in for each project. A buyer gets a profitable, settled business and property of its own. The asking price is £7.05m.

Key investment highlights

  • EBITDA of £1.14m
  • Margin of about 22%
  • Freehold office and yard
  • Converts old buildings into homes

Reason for sale

The partners are going separate ways and have agreed to sell the business whole.

Nothing flagged on the two questions buyers ask first

No flag

Revenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.

  • Revenue directionNo flag

    Turnover is flat year on year.

    • 2021: baseline
    • 2022 (+0.4%)
    • 2023 (+0.3%)
    • 2024 (-0.4%)
    • 2025 (+0.0%)
    • 2026 (+1.6%)

    6 years of turnover, 2021 to 2026, as supplied by the seller.

  • Client concentrationNot stated

    The seller has not declared what share of revenue the largest clients represent.

    No declaration supplied. Client concentration cannot be derived from accounts.

EBITDA margin widened from 18.6% in 2021 to 22.4% in 2026.

These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.

Computing valuation...

What happens next

Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.