Hilton Smythe welcomes to the market Cityline Construction
The company has been incorporated for over 30 years providing a wide range of construction services, including
•New-build and refurbishment projects for the region’s housing
•Commercial and industrial market sectors for local authorities and private clients
To date they have completed over 650 main contract projects, which include:
•Steven Hawking’s school
•Hyde Park Barracks
•Clissold Tennis Clubhouse, to name a few.
Cityline Construction are so successful because of the effort they put into working in partnership with their clients and their design teams.
They are especially conscious of their client’s business needs and pay particular attention to making sure that their estimating is accurate. They can also boast that over 70% of their work comes from recommendation or repeat business from existing customers.
In 2015 Cityline Construction were nominated as a finalists for three awards in the labc london building excellence awards and were Acclaimed Winner at The 2016 Sunday Times British Homes Awards for conversion/upgrading of 142 Bermondsey Street London.
Our client is also only one of ten contractors approved on the London Construction Programme (lcp) Cityline Construction have been approved for the value band 1 (£100k to <£1M) covering all London regions for new-build and refurbishment works in the Housing sector.
The London Construction Programme (lcp) was established by a group of local authorities in London, supported by London Councils, to develop a pan-London strategy to improve construction procurement. Lcp offers framework agreements, contracts and category management support to deliver construction projects more efficiently and effectively.
After many years of delivering a high service, our client is now looking to retire and is looking to sell this profitable company to someone who will carry on the legacy already established.
Hilton Smythe highly advise early viewing as this business is likely to attract considerable interest
Cityline Construction is located along Sun Street in Waltham Abbey, the premises is located just off the a pretty retail area where you will find coffee shops, pharmacy, high street bank and boutique stores.
Waltham Abbey is a suburban market town in the Epping Forest District of Essex. It has a population of about 21,149. Lying on the outskirts of North East London, it is located 15 miles from central London. It is on the Greenwich Meridian, situated north of the London Borough of Waltham Forest.
A short walk away is Waltham Abbey Gardens which is an award-winning site steeped in history and set in the grounds of the Abbey, the last to be dissolved by Henry VIII and thought to be the site of King Harold’s grave.
The nearest train station is Waltham Cross which is 1.3 miles walking distance from Cityline Construction. Waltham Cross railway station is on the Lea Valley line that forms part of the West Anglia Main Line and is in Travelcard Zone 5, calling at stations such as Bishops Stortford, Stratford and Liverpool Street.
The premises is nicely presented and maintained with clear, visible signage. There is also convenient metered parking across the road from the business.
Cityline Construction is located on the top 2 levels of a 3 level mid-terraced property and briefly comprises;
•Staff office space
•Meeting room table
We are advised that Cityline Construction is being offered a leasehold business with a brand new 20 years lease
Rent is £18,000 per annum which is very reasonable given the size of the premises.
The business is run and managed by our owners with the assistance of 9 members of staff which include; 2 Site Managers, 2 Carpenters, 1 Groundworker, 2 Labourers and 2 Quantity Surveyors.
In 2016 Cityline Construction, generated an advised turnover of over £4.1 million, this then decreased to and advised £1.69 million in 2017 with a gross profit of £322,804, however they have advised us they are on track to turnover £2.5 million in 2018.