Freehold Glass Processor & Window Manufacturer Supplying Marine For Sale

Business description

Freehold Glass Processor &Window Manufacturer Supplying Marine & Motor Vehicle Markets

This very well respected and established company manufactures and supplies a broad range of high quality aluminium framed windows to both the marine and motor vehicle markets throughout the UK. The company has been succesfully trading for more than twenty years and in that time has grown in terms of both infrastructure and personnel into the professional organisation that exists today.

The company has invested in a high level of plant and equipment that enables it to provide customers with a one stop solution with all production being done in house. Because of this the business can provide unique styles and specifications of windows and glass to suit the most demanding customer requirements as well as the standard industry sizes that are in demand. This includes sliding, mitres of hopper windows with clear , tinted, laminated or patterned glass.

All glass is toughened to the E11 CE R-43 European standard which ensures all product is suitable for supply throughout the European community. Because of this in house capability the company supply glass on its own as well as fully manufactured window solutions.

Equipment:

As already mentioned the business has a good level of plant and equipment that enables it to provide a full turnkey solution. This includes its own automated glass processing unit, toughening plant and cutting tables as well as many specific hand assembly tools and jigs.
The business also has a suite of networked PC equipment that enables it to control both stock and production as well as Quickbooks accounting software. All plant and equipment, fixtures and fittings are included within the sale price.

Customer Service:

The business prides itself on the customer service levels it provides. Because it offers a full turnkey solution it is able to offer clients a comprehensive solution. This is demonstrated by the fact it enjoys very good levels of repeat business and referrals. These customer service levels are backed up by the E11 CE R-43 glass accreditation it holds.

Key Strengths:

• Market presence
• Reputation
• Manufacturing capability and infrastructure (assets)
• Workforce-both management and production staff
• Large regular customer base (both trade and retail)
• European market
• Un patented technical know-how

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.

Current turnover is circa £760,000 per annum. Resultant Gross Profits circa £200,000 per annum.

Asking price includes the freehold premises circa £1Million. Alternatively the vendors may consider leasing the premises should a new owner so require subject to negotiation.

Property information

Property:

Freehold

Location:

Lancashire/ Greater Manchester. The business operates from freehold premises circa £1Million and is situated on a well known industrial estate with good access and plenty of parking for both staff and customers. The vendors own the freehold and the business pays a market rent to the business. Current rent is £60,000 p.a. Rates are circa £21,500 p.a. Total floor area is circa 16000 square feet. Current price includes the freehold premises. Ideally the vendors would like to sell the freehold with the business but may consider leasing the premises if a new owner so required, subject to negotiation.

Business Operation

Expansion potential:

The company has a large production capability and could certainly accommodate a significant increase in business volumes within its current infrastructure. There are many avenues for growth available to this business. Export is one such area. To date export only accounts for some 2% of sales. The company already has the approvals to serve the European market.

Competition / Market:

The business has used various forms of advertising over the years and currently advertises in several of the leading trade magazines. In addition to this it has a website that is currently being revamped. It also undertakes a limited amount of e-marketing to existing customers as well as having a suite of informative product brochures available to prospective clients.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday – Thursday: 0800-1645
Friday: 0800-1400

Employees:

The business benefits from having a well structured and knowledgeable workforce. The two directors work full time within the business, one being the operational director, the other more responsible for overseeing the financial and administrative functions. The vendors are very well supported by the following key personnel. 1-Full Time Office Manager 1-Full Time Shop Floor Manager 1-Full Time Chargehand 16-Full Time Production Operatives It is fair to say that all staff know their roles and responsibilities and that the business runs smoothly on a day to day basis.

Other information

Support & training:

The current owners would be happy to provide full training and support at handover. One of the directors would also be prepareed to stay on for a longer period if so required, subject to separate negotiation.