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Finance And Services:

Business For Sale. Accredited Double Glazing Company Supply & Installation Of Commercial And Domestic Pvcu & Al

LISTING DETAILS
Firms For Sale ID:
34984
Vendor reference:
GK290
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£2,200,000  
Turnover / revenue:
£5,200,000
Net profit / cashflow:
Undisclosed
Years established:
40
Trading hours:
Monday – Friday: 9.00am – 5.00 pm
Number of employees:
11
Employees / staffing:
The owners run the business ably supported by a 11 x staff on site including an experienced sales manager and contracts manager. It should be noted that staff have been working with the company for many years. They understand the company’s quality approach and work to the very stringent standards this business expects and delivers on a consistent basis. Total Employees are as follows 10 x Full Time site-based staff including management, administration and warehouse operations 1 x part time cleaner 15 x self-employed Fitters 2 x commission Sales Staff

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The owners are happy to provide support and training for a negotiated period of time.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises comprise: 1. Ground floor office space of circa 832 square feet 2. First floor office space also circa 832 square feet 3. Two warehouse bays at the rear of the premises, circa 5,687 square feet with an additional mezzanine area of circa 587 square feet, in one bay 4. Prtial use is available of the yard area to the rear of the premises and includes skip storage & vehicle storage with ample car parking to the front. The premises comprise one half of a large building as offices for administration with kitchen and toilet facilities. There are two separate units for storage to the rear of the main office and there is more than adequate parking and space for loading & delivery. The premises is covered by CCTV. There are secure shutters, security gates and the building is alarmed. Mains services are connected with Gas, Electricity and Broadband. The current lease expires in August 2022 and benefits from a 12 month notice period. Rent is currently circa £27,000 per annum with rates of £11,700 also per annum.
 
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BUSINESS DESCRIPTION
Accredited Double Glazing Company
Supply & Installation of Commercial and Domestic PVCu & Aluminium Windows, Doors & Conservatories
Ref. GK290
Location : South East
Asking Price : £2,200,000 plus Net Assets
The business is an established, professionally managed company, which has been in business for over 40 years and has worked very hard at establishing itself as a well known brand within its regional market place. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers.
From modest beginnings, fitting double glazed, replacement window products to domestic properties the company has gained a reputation for majority commercial, high quality installations at competitive prices but critically, not at loss to acceptable margins. This ethos has carried forward into the installation of doors, windows and conservatories.
The company’s activities now extend across the South of England fitting doors, windows and roofline products for Housing Associations, Hospital Trusts, Schools, Local Authorities and has framework agreements for many high profile clients.
A key factor in the ongoing success of this company is its strong relationships with government/institutional clients which have mandated requirements for improvements to the many properties under their control or responsibility.
During the more than 40 years of trading, the company has manufactured and installed PVC-U products in well over 35,000 homes and businesses across the region and consequently gained an enviable reputation for quality, service and reliability.
The business is kept very busy running its operation from large premises that include storage facilities, showroom and offices. A full turnkey solution is offered to the large database of both commercial and domestic clients that includes the supply and installation of a bespoke high quality range of UPVC and aluminium double glazed windows, doors, patio doors, french doors, conservatories and composite doors.
With a heritage in the manufacturing sector and understanding what can and can’t be done, the right solution is provided for every client – whether that be a single replacement unit or fulfilling the requirements of an entire property with a much higher order value. The strengths of this company include its expansive product knowledge and its technical expertise. Bespoke products are manufactured to the client’s specification with an assurance of getting exactly what is needed. Installation is undertaken by qualified and highly experienced self-employed fitting teams which has also helped to create a strong trading base.
The business is fully accredited and complies with all the current British Safety Standards, Ministry of Defence specifications, FENSA & Constructionline registered and ISO 9001 accredited. The company’s success has led to very high levels of repeat custom.
The business is owned by two shareholders, where the majority shareholder plays no part in the business’ day to day activities and the minor shareholder, while attending to management duties each day, is able to leave the business for extended periods, in the professional hands of its trusted & reliable team.

Market / Competition / Non-Competition Agreements
The business engages in little or no advertising or marketing since a vast majority of the business’ turnover is by referral and recurring business from satisfied commercial clients & domestic customers.

The business has an excellent company website that attractively presents the high quality products and services on offer.