Profitable Glass Merchants For Sale

Business description

HISTORY

• The business is the oldest established and trading glass merchants in the city.
• The current owner has been involved in the family business for the last three decades, and has been in ownership by himself for the last three years.
• The business has been in existence for almost forty years in total
• During this period, the company has gained a large & loyal retail customer base, which appreciates the quality of work conducted, which is reflected in the margins.

REASON FOR SALE

• The vendor has now decided to pursue another unrelated business venture

PRODUCTS/SERVICES

• The company specialises in:
o Glass cut to size,
o Supplying only,
o Double glazing & replacement double glazing units,
o Glass shelving
o Leaded stained glass

CUSTOMERS

• Mainly from the local area, (up to a thirty mile radius), consisting of approximately 70% retail, and 30% trade.
• All trade clients pay cash on delivery.

HAND OVER

• The owner is willing to conduct a full hand over period of up to three months subject to negotiations.

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease: 20 years
• Term remaining: 15 years
• Rent: £8,470 per annum
• Rates & Water £3,852 per annum

Location:

• The business is located in a prominent position on a very busy main road that leads to the heart of the city.

Premises details:

• The premises laid out on the ground floor briefly consist of:
• A triple frontage, which is three individual retail units.
• The premises have a retail counter, a hot melt machine, presses and a small fabrication workshop.

Business Operation

Expansion potential:

• The owner has informed us that the following are all areas that can contribute to increasing bottom line profits. They include:
• Increasing UPVC sales
• Bespoke lead work is a huge area
• Advertising more for glass unit replacements
• Opportunity to expand unit and glass repair and replacement
• Scope for emergency call out service and charges
• More advertising and promotion especially through the web

Trading hours:

• Monday to Friday: 8am to 5pm
• Saturday: 9am to 1pm

Employees:

• Two fitters (both have been employed for the last five years), • Four internal/shop staff, (who have been with the company for the past six to seven years). • The owner manages the business.

Other information

Related documents:

• 
• Sales particulars

• 
• EPC