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Hilton Smythe are pleased to have been given the opportunity to manage the sale of Window World Trade Limited which is a well established double glazing supplier and installer with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
Window World Trade Limited was founded by the current owner in 1989 and the business has been a real labour of love for him, accruing an impressive number of regular customers and a fantastic reputation whilst under his ownership.
The business is now being sold, albeit reluctantly and with a heavy heart only due to a wish to take a well earned retirement. The vendor is keen to see his beloved double glazing company pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Window World Trade offers a full fitting service on all of its products and also offer them on a supply only basis.
The business supplies a range of products including:
Tilt & Turn Windows
The business can also replace misted units, repair door locks and replace window hinges.
Window World Trade suppose both retail customers (80%) and trade customers (20%) and the sale will include a database of current and previous customers.
The sale will include the company website (windowworldtade.com) and the business enjoys good visibility on the internet.
Scope to improve
Advertising and marketing campaign
Maximise the use of social media particularly Facebook and Twitter
Employ a Sales Manager to canvass for more trade accounts
Explore the viability of an eBay store
Extend the opening hours, perhaps by opening at weekends for retail customers.
Reasons to Buy
A well established business with an enviable reputation and many existing customers
Current owner happy to offer a handover and even work part time for a new owner to ensure the continued success
The freehold of the premises may be available by separate negotiation
Low running costs with inexpensive rent and no business rates
Ideal ‘bolt on’ to an existing home improvement company
A real opportunity to increase turnover and profits significantly, the owner is currently running at a pace to suit.
Hilton Smythe highly advise early viewing to avoid disappointment.
Window World Trade Limited is located in Newport.
Newport is a city and unitary authority in south east Wales, on the River Usk close to its confluence with the Severn Estuary, 12 miles northeast of Cardiff. At the 2011 census, it was the third largest city in Wales, with a population of 145,700. The city forms part of the Cardiff-Newport metropolitan area, with a population of 1,097,000. The city has seen major regeneration projects being undertaken in recent years.
The business is located in a prominent main road position and sits alongside other complimentary businesses. The business is nicely presented and maintained with clear visible signage and distinctive livery. Window World Trade Limited is close to the unusually busy and vibrant shopping area and close to a number of large supermarkets and retail stores and thus benefits from high levels of passing trade.
There is free on street parking immediately outside the premises.
The business occupies a mid-terrace industrial unit and has been refurbished recently with much money having been spent by the current owner. The business is nicely presented and maintained and briefly comprises;
With electric roller shutter and security lighting, windows and glazed doors to front creating a light, airy and inviting interior, expensive looking tile effect floor, suspended cling with concealed LED lighting, window and door displays, sales desk.
With high pitched roof, fluorescent lighting, concrete flooring, perimeter racking and shelving, door to front for staff use.
With tile effect flooring, dual aspect with windows side and front into workshop, fluorescent lighting, desks and filing cabinet etc.
Generous storeroom with perimeter racking and ample floor storage space
2 x WC’s each recently installed with close coupled toilet and tiled floor and walls. Pedestal hand wash basin with Lyco water heater.
There is a first floor mezzanine which provides useful, additional storage.
We are advised that Window World Trade Limited is being sold as a leasehold business.
The freehold may be available if required. (£100,000).
The vendor owns the freehold of the business and would be happy to negotiate a mutually acceptable lease with a new owner. A 5 year lease with a rent of £9,600 per annum is proposed which is really reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
Monday to Friday 8.30 – 17.00.
The business is run and managed by our client with the help of 3 part time members of staff and 2 self employed fitters.
Window World Trade Limited generated an advised annual turnover of circa £348,000 as of the 2018 accounts. It needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed higher turnover previously.
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