Established Double Glazing Manufacturer. Nottinghamshire. Relocatable. 'For Sale'
BUSINESS FOR SALE AS A GOING CONCERN - Relocatable
Ellis & Ellis is proud to present a manufacturer and supplier of uPVC windows, bifolds, flush sash windows, doors, conservatories and porches etc; All UuPVC is manufactured on the premises, with the installation out-sourced to local and national fitters. All aluminium product is ordered in. With a reputation for consistently producing accurate frames the majority of orders are supplied to trade clients within the East Midlands.
Operating for over 22 years, the business has grown organically through reputation and word of mouth with no advertising.
The business has wide appeal suiting multiple buyer profiles. For example, an existing business in the same industry based locally or nationally and wishing to break into the East Midlands, someone in the trade ready to branch out on their own and have the reassurance of a solid handover, to a supplier wishing to add a manufacturing unit to their business or an entrepreneur wishing to benefit from the excellent reputation of the business and move it further forward.
Business and Markets:
The business was established in August 2003 by an experienced operative in this specialised manufacturing process. The business trades as a Private Limited Liability Company, however, the vendor is open to an asset and goodwill sale. Current manufacturing levels are around 25 to 35 items per week. New owners could comfortably increase this to 50 to 60 items a week with improved systems and staffing levels.
Financial Information - Sales and Profitability:
The business has shown both growth and stability over the years, with an impressive increase of more than £100,000 in turnover since 2021. Full financial information will be provided to potential purchasers on the signing of a confidentiality agreement.
Future Prospects & Potential:
The business operates without any marketing other than a static Facebook page. There is plenty of scope for new owners to raise the profile of Morestyle and extend the reach to further customers. Marketing to targeted customers for niche projects, collaborations with other businesses, setting up a website and raising the profile of the business via social media would all assist with gaining new customers. In addition, there is the option to add an in-house installation service as opposed to out-sourcing this service.
Plant Machinery and trade vehicles:
The sale of the business includes all assets; such a company vehicle (2013 plate), design software and all the necessary equipment to run the business. A full asset list will be provided to serious potential purchasers.
Staffing & operating hours:
From inception the business has traded with 1 owner and 1 full time staff member. It is understood that the staff member is to remain in the business.
The factory hours are 7am - 4pm, Monday to Thursday, Friday 7 till 3pm.
Handover:
The vendor will provide a comprehensive handover and will remain in the business up to 1 year, if required.
Location:
The business trades from leasehold premises in a small industrial park on the outskirts of Nottingham, close to the M1.
Premises, rent and rates:
The unit comprises some 1,800 square feet of manufacturing and office floor space, with car parking facilities to the front.
Tenure: Leasehold. New lease optional. The business can be purchased lease free and relocated if desired. There is the option to add a mezzanine floor to provide extra office and manufacturing space if required. No extra rent has been charged to the units that have done this.
Rent: The rent payable on a new lease is anticipated to be in the region of £1,147 per month.
Rates: £nil with S.B.R.R.
Summary.
This is a business with a proven record of sales and profitability stretching back many years. If the buyer is an existing competitor wishing to benefit from the trading name and reputation of the business, then the ability to purchase the business without being tied to a further lease is a major plus point, enabling the sales to be absorbed without a commensurate increase in overheads.
Asking Price
Offers are sought around £100,000 for the goodwill, fixtures and fittings, plant and machinery and the benefit of the current order book. Any residual stock /raw materials is to be taken at valuation.
Complete the enquiry form for the full sales particulars.
