Glass Processing & Manufacturing Company For Sale

Business description

Glass Processing & Manufacturing Company Supplying Sealed Double Glazed Units, Toughened, Patterned & Safety Glass

This very well respected and established company manufactures and supplies a broad range of glass products to a wide variety of commercial customers throughout the North West region. The company has been trading for many years and in that time has grown in terms of infrastructure, reputation, clinet base and personnel into the professional operation that exists today.

The company has invested significantly over recent years in a high level of plant and equipment that enables it to provide customers with a one stop solution with all production and processing being done in house. This includes an optimised computerised production system. Because of this the business can provide unique styles and specifications of sealed double glazed units to BS1279 standard. (Approximately 50% of current turnover if from the gouble glazed sealed units). The remaining 50% of turnover comes from the manufacture and supply of toughened/safety glass and patterned glazing.

The company has a large and regular customer base that includes other double glazing companies, window manufacturers, window installation companies, consevatory companies and building companies. It also has a trade counter that serves the small trader/public.

Equipment:

As already mentioned the business has a significant level of modern plant and equipment that enables it to provide a highly efficient turnkey solution. This includes:

• Automated glass toughening plant
• Fully automated cutting machine
• Glass washing machines
• Hotmelt machine
• Gas filling machine
• 3-Tonne overhead crane
• Suite of fully networked pc equipment with market leading optimised production and management software
• Sage Accounting software
• Fleet of long wheel base Transit-type vans

All plant and equipment, fixtures and fittings are modern and well maintained. The business has invested circa £500,000 in plant and equipment over recent years. All plant and equipment, fixtures and fitting are included within the sale price.

Customer Service:

The business prides itself on the customer service levels it provides. This is demonstrated by the fact it has a sterling reputation and enjoys very good levels of repeat business and referrals. These customer service levels are backed up with BS1279 accreditation for the sealed double glazed units. It also has its own internal procedures which ensures the toughened/safety glass meets the appropriate standards.

Key Strengths:

• Turnkey solution
• High service levels and speed of response
• Reputation
• Manufacturing capability and infrastructure ( BS Accreditation, good level of high quality assets)
• Workforce
• Large regular customer base
• Un patented technical know-how
• Capacity

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 business consistently achieves turnover in excess of £1Million p.a. Current gross profits circa £377,000. It has an excellent level of plant and equipment that is included within the sale price.

Property information

Property:

Leasehold

Lease terms:

Current rent is £48000 p.a. plus a service charge. Rates are circa £14,000 p.a.

Location:

The business operates from ideal leasehold premises situated on a prominent and well known industrial area with excellent access. There is ample parking for staff, deliveries and customers. Total production space is circa 11,000 square feet plus separate offices. The unit has high ceilings to accommodate the overhead crane as well as additional expansion space. The current lease is a 10 year one but it is understood a new lease would be made available to a new owner if so required. Current rent is £48000 p.a. plus a service charge. Rates are circa £14,000 p.a. The premises are modern and highly secure. The building is fully alarmed.

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. It currently operates regionally, it could easily expand its market further.

Competition / Market:

The business has done very little in the way of advertising over the years preferring to rely on word of mouth recommendations and referrals to generate sales. It does utilise local directories but would greatly benefit from a more strategic sales and marketing strategy including the development of a website and database.

Reasons for selling:

The vendors are at a stage where they believe the business could greatly benefit from new owners who could inject some new energy, capital and ideas into the business to fully maximise the ongoing opportunities at its disposal.

Trading hours:

Monday – Friday: 0800-1700
Saturday 0800-1200

Employees:

The business has an experienced and 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 Toughening Plant Manager 1-Full Time Double Glazed Sealed Units Production Manager 1-Full Time Office Manager 1-Part Time Office/Optimisation Assistant 5-Full Time Production Operatives 1-Full Time Glass Cutter 2-Full Time Drivers 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 with the aid of the excellent software packages.

Other information

Support & training:

The current owners would be happy to provide full training and support at handover.