Domestic Double Glazing Conservatory And Roofline Company For Sale

Business description

Domestic Double Glazing, Conservatory and Roofline Company (PVCu, Hardwood & Aluminium) Supply & Fit

This established and well-respected business was set up back in the early 1980s and supplies and installs a high quality range of double glazed windows, doors and conservatories to, in the main, the domestic market. The company also supplies and fits complimentary roofline products including fascias, soffits and guttering. At present some 60% of revenues come from replacement windows, 30% conservatories and 10% roofline products. The company also provides bi-fold door installations which are increasingly popular along with eco –friendly products.

The company serves the middle end of the market and has excellent supply agreements in place with reputable leading profile and glass companies. The business is FENSA registered and has some 6500 historical customers, many of whom it enjoys repeat business and referrals from. Most sales are within an eight mile radius of the business such is its reputation locally.

The business provides a complete turnkey solution from initial specification, through design, supply, installation and final commissioning using highly experienced installation teams who are paid by the hour rather than the number of jobs they do. This helps ensure high quality service and installation.

Most installations are for domestic properties. Typical order value is circa £2,500. The company deals direct with the public and also does a small proportion of commercial work.

Equipment:

The company has a couple of vans and a small stock of consumables (circa £3-4000). It also has a small range of tools and equipment that enable it to carry out low level assembly if need be.

It provides design drawings online for installations that link direct to the manufacturing partners it works with so as to ensure correct product specification and manufacture.

Customer Service:
This business takes customer service very seriously, especially as it only supplies and fits premier quality units from market leading profilers and glazers. This is demonstrated by the fact it offers a 10 year guarantee for its units. As already mentioned the company is FENSA registered.

The company has a superb reputation locally backed up with many testimonials from satisfied customers. This is also evident in the high levels of referrals it receives.

Key Strengths:

• Very high level of referrals and repeat business.
• Profitability
• Low cost base
• Longevity
• Superb reputation.
• Top quality products manufactured and installed to the highest level
• Loyal and trusted staff
• Customer service and attention to details

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 £450,000 per annum with gross profits circa £95,000 p.a. and low overheads. This results in impressive Adjusted Net Profits circa £59,000 p.a. The business has successfully traded for almost 30 years and enjoys very high levels of referrals such is its brand strength and position in the market. A new owner with new levels of energy and initiatives could easily expand the current operation and increase revenues further.

Property information

Property:

Leasehold

Location:

The business operation is run from a home office environment. However it does have a workshop/warehouse situated nearby used for storage and delivery purposes and with a skip facility. The premises are rented. Current rent is circa £120/week.

Other information

Expansion potential:

Whilst the business has consistently achieved sales in excess of £450,000 p.a. over the last 10 years, the business has spare capacity within its current infrastructure and could easily accommodate a significant increase in sales and territory, (bearing in mind approximately 90% of revenue comes from within an eight mile radius). This could be done by appointing an external salesman, something the company has not utilised to date. It could also proactively market the business more aggressively and further develop its existing internet presence, as well as advertising more energy saving and eco friendly products it has at its disposal, not to mention further bi-fold installations.

A new owner could also look to develop the commercial side of the business as this represents a very small percentage of current revenues.

Competition / Market:

The business undertakes a small level of advertising within local bulletins and directories. However the majority of its work comes via word of mouth referrals.

Support & training:

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

Reasons for selling:

Planning exit due to forthcoming retirement.

Trading hours:

As required. Fitters typically 08:00-16:30 - 5 days a week