Specialist “Garden Rooms And Annexe” Company
Design, Manufacture, Supply And Installation
Studios, offices & annexes for many uses
Location: South East
Asking price: £160,000 + net assets
Asking price includes:
Turnover: circa £220,000 per annum (2023 accounts)
EBITDA circa: £80,000 (before drawings)
Net Assets circa: £10,000
Well known and trusted operation
Firmly established company Ltd since 1995
Forward orders to 2027
Superb opportunity to grow
Reliable team of sub-contractors
Business Profile:
This business was established in 1995 and is a highly regarded, very successful and specialised installer and manufacturer of bespoke, luxury garden buildings for private customers. Completing projects for many purposes, such as an office at home, an artist’s studio, reading room, pool house with a particular specialism for larger garden annexes.
The business prides itself on its attention to detail and build quality, maintaining housing standards in construction and with distinctive designs that provide an individual garden room to compliment a customer’s garden and to also be a functional additional space that is easy to maintain, useable all year round being warm in winter and cool in summer.
All garden room projects are designed individually to a customer’s specific requirements, constructed by hand in the well-equipped workshops in Kent and installed throughout the UK by the same team.
The business is extremely labour efficient, which is down to three things - products, people and attitude. Only the finest materials go into its units ensuring comfort, safety and security for all customers. To date it has supplied and fitted hundreds of units with all buildings installed to the highest specifications.
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 home improvements sector.
What is a garden room?
A garden room is a stylish, versatile outdoor living space that enhances a home and its garden. More modern and insulated than traditional conservatories or sheds, garden rooms provide a comfortable, year-round space for various uses, and can be used as a home office, gym, art studio, or relaxing retreat.
Built with high quality materials, garden rooms offer a seamless way to extend your living space without the time and trouble that is necessary for a full home extension.
Customer service
Everything can be provided to create the right solution for a customer and with a history and enviable collection of past projects for many hundreds of happy customers combined with an understanding what can and can’t be done, the business wins more than its fair share of very profitable projects.
Starting as a small local enterprise the business has worked very hard at establishing itself as a brand leader within its marketplace and provides its manufacture & installation service to all parts of the of England and Wales. 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.
Every garden room is built by the business’ expert craftsmen, and no matter what build option a customer selects they can always be 100% confident that they are getting the finest product in the UK. In 2020 the business launched a secondary website offering specialist larger spaces for temporary and permanent accommodation for family’s children saving for their own house or for elderly parents in need of downsizing.
The quality of the business’ garden rooms and annexes are widely considered to be the most structurally superior on the market and are engineered to the same strict standard as residential timber homes.
Location
The business manages operations from a modern office and workshops in a busy but small trading estate in the south east of England close to major A roads, trunk roads and the M2 motorway with the benefit of easy access to all parts of the UK.
Typical Projects
The business has a proven track record of gaining sales for luxurious buildings that demand between £2000 - £3000 per square metre with very little advertising. Recent projects have ranged in size from 25sqm to 80sqm with an extremely strong forward order book to 2027 featuring projects of 40 and 50sqm.
Key Strengths:
- Well-known brand with excellent long-standing reputation for reliability, professionalism and competitiveness
- One stop shop – Design, Manufacture, supply and installation
- Large database of very happy customers
- Strong market outlook
- Knowledgeable and experienced workforce
- Potential for market expansion
- Well managed business
Growth and Expansion:
The UK home improvements sector is highly fragmented with smaller companies, competing alongside very large national operators. As an established, specialist this business is perhaps better placed than most to withstand the competition within its sector.
With continuous demand for quality products at competitive prices, this business could invest in additional sales efforts 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 very little advertising is undertaken, featuring in a single online portfolio. Most business is currently gained via word of mouth reputation and Google searches by customers.
Advertising and Marketing:
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 vendors are responsible for the day-to-day management of the business. The business employs several key subcontractors on a project-by-project basis. These include
- Groundwork teams
- Plasterers
- Structural Engineers
- Tilers
- Steel Fabricators
Premises:
The business operates from a workshop in the South East.
Business Hours:
Monday to Friday: 8am - 5pm plus Saturdays, by appointment.
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: circa £220,000 per annum (2023 accounts)
EBITDA circa: £80,000 (before drawings)
Net Assets circa: £10,000 (negotiable)
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 £160,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £10,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £10,000 at completion.
