Privately Owned Double Glazing Manufacturer For Sale

Business description

Privately owned Double Glazing Manufacturer - Supply Only - Freehold Factory and Offices

This privately owned business was established in 1991 and was was one of the first trade fabricators to seek and offer a quick turn round on orders of PVCu windows/doors and all conservatory needs. They have grown steadily over the years and tarde on a “supply only” basis to local builders, joiners, PVC fitters and Builders Merchants. They have built up an enviable reputation for honesty, integrity with first class customer service supplying high quality products. The company have a stable customer base and have retained many customers since their first years of trading, underlining how serious they take their customers needs.

The company has a skilled and dedicated team of staff, many of which have been with them for a number of years, helping the company to achieve excellent continuity and quality of supply. They are accredited and have a BSI license, and have achieved BSEN1279 part 2 and ISO 9001. All glazing products are manufactured to European Kite Standard from K Glass and Pilkington materials specifically to customers specifications and designs.

The business operates from a modern factory and offices on a trading estate in the North Yorkshire area and has up to date machinery and equipment that you would expect of a company of their stature. They have a database of circa 300 regular customers most of which are within a 50 mile radius of the factory.

This is a well run, profitable operation with a solid and established name. They have regular repeat customers with continual work in progess and have continued to do well, up to date, through the recession. This would be a perfect bolt on company for someone looking for a satelite operation in North Yorkshire or for a company to build upon the strengths that the owner has built up within the past years. There is room for expansion within the current set up and opportunities for immediate cost savings and growth exist.

Customer Service:

The company have concentrated their efforts on supplying the local market and manufacturing to the trade. These include builders, property developers and fitters. They manufacture to their clients designs and specifications and have become one of the only dedicated suppliers of double glazed windows, doors and conservatories in the area. They have a reputation for being able to supply on time and within budget restraints using only the highest quality materials available. In short their customers trust them to do the job right first time and at the price agreed.

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 is circa £1,286,000 with Gross Profits of circa £309,000.

Property information

Property:

Freehold

Location:

The business is located on a modern industrial estate in North Yorkshire close by to the A64 trunk road with five adjoining units which are converted into one large factory and offices which are on a mezzanine floor. There are five workshops which include a finishing shed, a glass factory and a storage area. There is a separate staff room and there is also a new circa 2,000 square feet extension which has been added on to the factory which is currently not in use. The total area of offices and factory workshop is circa 881 square meters. The property has adequate parking outside and is the rent is circa £60,000 per annum with rates of circa £29,000. The property was last valued in 2005 and current estimate of the property valued in today’s market is circa £650,000.

Business Operation

Expansion potential:

The company have spare capacity within the factory and there is room for expansion if the company were to widen their sales area.

The company have spent little on marketing themselves and their website needs updating.

The owner has taken a back seat within the business and rarely becomes involved in day to day matters. The business needs a “hands on” approach to take it forward and the owner believes that they are generally over staffed for the amount of work that they produce. Even allowing for these staffing issues, the company still make a profit.

Reasons for selling:

The owner no longer takes an active daily part in the running of the business and he would like to sell the business and take retirement.

Employees:

There are sixteen full time employees within the business including the owner. A manager looks after the daily running of the business together with a sales manager and a production manager. There are two administration clerks and ten other factory workers and drivers.

Years established:

1991

Other information

Support & training:

The owner would be happy to help with a smooth transfer of the business in any way possible. The business runs smoothly with a management team in place and the owner rarely spends time within the daily running of the business.