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Fabrication, Supply and Installation of High Quality PVCu Doors, Windows & Conservatories - Double Glazing Business Fully Operational as a Manufacturer

 

Ref. GK288

Location : Hull, East Yorkshire

Asking Price : Trade & Asset Sale £215,000

Turnover : £1,308,000

Net Profit : Undeclared

Gross Profit : £393,500

EBITDA : £81,468

Net Asset : £87,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Turnover in excess of £1,308,000 per annum
Gross Profit circa £393,500
Adj EBITDA of £81,468
Net Assets of £87,000

Asking Price includes:

Excellent showroom facilities
Established over 30 years
Excellent customer base with much repeat business
Skilled and loyal staff – mature individuals
Supplying ‘A’ rated products to promote energy efficiency
Motor vehicles – Eight vans: two small, four medium and two large

Business Profile

Turner Butler is delighted to offer for sale this privately owned double glazing business, which has been established for circa 38 years. The business supplies and installs high quality PVCu windows, doors and conservatories primarily to the domestic market with some commercial and also some supply only business, generating a substantial turnover in the region of £1,308,000  per annum.

The business boasts an excellent supply chain and offers plenty of scope for a new owner to increase turnover. Positive points would be the promotion of the ‘supply only’ line of business and the possibility of diversifying into other products /services using the existing and new client base. The skilled workforce is extremely capable and adaptable to any form of change.

The company primarily supports the local market of East Yorkshire. The sale is a rare opportunity to acquire a well-established and highly regarded business with scope for further development. The business would suit integration into a multifaceted group as well as private individuals.

Customer Service:

Business success is due to the unsurpassed level of service provided to both the general public and trade customers.

Key Strengths:

• Manufacturers including ‘A rated’ windows
• Skilled and experienced mature work force
• Well-equipped factory – turnkey operation
• Competitive pricing
• First class name and reputation
• Room for growth within the industry and diversification

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.

The turnover is in excess of £1,308,000 per annum with Gross profit circa £393,500 per annum and an adjusted EBITDA before owner’s costs of £81,468. Net assets on completion are expected to be c£87,000.

Asking Price:

Offers are Invited for 100% of the issued capital of the company assuming Net Assets of £87,000 on completion (calculated on a cash free zero debt basis).

Premises:

The premises comprise a well-equipped factory with all the manufacturing facilities and have excellent showroom facilities that are all fully secure.

The future rent is circa £50,000 per annum. The lease period is negotiable.

Business Hours:

Monday – Friday: 8am – 5pm
Saturday 9am – 4pm
Sunday: 10am – 4pm

Support and Training:

The vendor is happy to provide support and training for a period of time to be negotiated prior to the sale.

Reason for Sale:

Retirement of the main shareholder.

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.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

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