Prominent Trading Position
Accounts Available Year End 31st March 2021
Annual Turnover £470,033
Gross Profit £84,108
Accounts Available After Viewing
Well Presented Showroom
Potential To Expand Services Offered
Scope For Strong Marketing Drive
EPC - C
REF 7869 – Leasehold Window & Door Glaziers
Blacks Brokers are pleased to bring to the market this leasehold window and door glazing company located in Shildon, County Durham.
Meadowdale Installations was established by our client (then trading as MDN Windows) in 1988. In 2015, the company joined forces with Meadowdale Home Improvements and became Meadowdale Installations. The business now specialises in the installation of conservatories, orangeries, windows and doors throughout Newcastle, Durham, Darlington, Bishop Auckland, Middlesbrough, and all of the North of England. It has become very well known in this sector and has a strong base of regular customers in place with much trade generated by word of mouth recommendations – there has been little advertising done to reach this stage. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook and the business has 100% positive feedback on MyBuilder. Meadowdale Installations has a comprehensive website in place and an active social media presence.
Meadowdale Installations occupies a prominent trading position in an industrial area of Shildon with free parking available immediately outside. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples. The area is well linked by the A1(M) and A6072 with very strong public transport links nearby.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a monthly rolling lease which began in 2018 at a cost of £115 per week.
The business operates with Our client in full time employment and 1 other member of staff. He then has 4 further members of staff who are Sub-contractors.
Meadowdale Installations has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2021 show annual turnover of £470,033 and gross profit of £84,108. Full financial information is available upon request.
This long established business occupies an enviable trading position in a sought after area of County Durham. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.