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Glazing Company
Manufacture, Supply & Installation

Ref. GK274

Location : London

Asking Price : £500,000

Turnover : £660,806

Net Profit : Undeclared

Gross Profit : £274,666

EBITDA : £166,000

Net Asset : £183,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

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

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

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.

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.

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.

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.

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.

Support and Training:

Support and training will be provided to ensure a smooth transfer of ownership.

Reason for Sale:

After many successful years the vendor is now looking to retire.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk