Location: London
Leasehold
Asking price: £500,000
Asking price includes:
Turnover circa £660,806 per annum
Gross Profit c.£274,666
EBITDA of £166,000 before drawings
Includes Tangible Assets & Stock of £183,000
Members of FENSA, NFG & CONSTRUCTION LINE
Well known and trusted operation
Firmly established company operating since 1978
Database of excellent repeat blue chip clients
Superb opportunity to grow
Growth potential
Great location
Goodwill
Business Profile:
This business was established by the vendor in 1978. It is a successful glazing contractor and glass processor, mirror manufacturer, painted and embossed glass panels and fabricating aluminium windows manufacturer. The supply and quality installation of these products is provided for the large database of clients. These clients include large building contractors, blue chip companies, banks and local borough councils.
This professional company complies with all the current British Safety Standards and is a member of Fenestration Self-Assessment (FENSA), NFG and Construction Line.
Everything can be provided to create the right solution for a client – whether that be a replacement unit at an order value of £50 or so, or fulfilling the requirements of an entire property with a much higher order value. With a heritage in the manufacturing sector and understanding what can and can’t be done, the business wins more than its fair share of the more demanding, but generally, more profitable jobs.
Operating for over thirty five years the business has worked very hard at establishing itself as a brand within its local marketplace. 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.
Ideally positioned in East London the two unit facility is well equipped. Manufacturing is undertaken in the on-site workshop, creating a one-stop resource for all things glazing. The company is extremely labour efficient, which is down to three things - products, people and attitude. Only top quality components go into its units ensuring comfort, safety and security for all customers. To date it has supplied and fitted thousands of sealed units with all products installed to the highest specifications.
This business has grown from strength to strength and built a fantastic reputation for competitive pricing and efficiency. This established service, quality and flexibility have been a key factor for success, which has gained a great deal of repeat business from established clients.
With a loyal, longstanding team of tried and tested fitters working on a self-employed basis, the business can call upon a wealth of experience and high levels of workmanship – two factors that have contributed in no small way to the excellent reputation the business has built up over its many successful years of operation. This business is very much the first choice in its catchment area, benefitting from high volumes of repeat custom and strong word of mouth recommendation. As a result, it is not required to spend heavily on marketing and advertising to generate its sales leads.
The business provides an acquirer with:
• An ideal bolt on for a company already operating in the double glazing sector looking to expand their presence in the sector.
• A potential ‘starter’ business opportunity for an organisation or an individual looking to establish themselves in the double-glazing sector.
Customer Service:
Customer feedback is excellent, the company is all about offering first class customer service and customer care. The business has a strong emphasis on service and always exceeds client expectations due to their professional service, giving the business a definitive competitive advantage.
Key Strengths:
• Well-known brand with excellent long-standing reputation for reliability, professionalism and competitiveness
• One stop shop - Manufacture, supply and installation
• Large database of varied blue chip clients
• Strong market outlook
• Knowledgeable and experienced workforce
• Potential for market expansion
• Well managed business
Growth and Expansion:
The UK double-glazing sales and installations sector is highly fragmented with smaller companies, competing alongside very large national operators. Having been established for over thirty five years this business is perhaps better placed than most to withstand the competition there undoubtedly exists within its sector.
With continuous demand for quality products at competitive prices, this business could invest in additional marketing and expand in order to build on an excellent base. There is scope to employ more staff, which could provide a springboard for the extension of its products and services to other regions.
Currently no advertising is undertaken and business is gained via word of mouth reputation and construction line.
Advertising and Marketing:
No advertising or marketing is undertaken all enquiries are by word of mouth and through contruction line. The business has an immense opportunity to build on its reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. There is a company website to attract interest from Internet searches.
Employees:
The owner and his wife are responsible for the day to day management of the business. The business employs 1 x office manager / estimator along with 8 x self-employed fitters / installers.
Premises:
The business operates from leasehold premises that are on a rolling lease and are based in East London. Ideally located there are two individual units both circa 4,600 sq. ft.
The annual rent is £52,000 with rates of £20,000.
Business Hours:
Monday to Friday: 8am - 4.30pm plus Saturdays, if required.
Financial Information:
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for 2015 circa £660,806
Gross profit c.£274,666
EBITDA £166,000 before directors cost
Tangible Asset and Stock value c£183,000
Reason for Sale:
After many successful years the vendor is now looking to retire.
Support and Training:
Support and training will be provided to ensure a smooth transfer of ownership.
Asking Price:
The Asking Price of £500,000 is for the assets and goodwill of the business (inc. SAV, plant and machinery).
PLEASE NOTE: The Company does not manufacture PVCU windows.
