Asking price: £175,000

Sales revenue: £447,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Sales & Installation of UPVC Windows, Doors and Conservatories with Freehold

This is an excellent opportunity to aquire, a well established double glazing business, located in a busy residential/ industrial area in Lancashire.

The business, which was established in 1998, prides itself on its service to their customers, workmanship, job satisfaction and reliability. They offer a competitive package, including supply and fitting of widows, conservatories, doors, safety glass, mirrors, glass cut to size, fascias and sofits.

Their work comes equally from residential properties and contract work. The contract work is obtained from local building contractors and the local council.

All of their glazing products are manufactured from 28mm thick Pilkington glass and come assembled from a specialist supplier.

Customer Service

The busines is fully committed to providing the very best service and the highest possible standard of work available. These levels of customer service are maintained through ongoing training and development and further backed up by the company’s impressive client retention.

The company’s most important asset are their clients, who appreciate the prompt, friendly service, reliability and competitive prices which the company has built their business on. Providing a quality product, service and expertise the business represents excellent value, based on advice, honesty and integrity.

Key Strengths

Because this family company can offer its customers an excellent choice of high quality glazing products at competitive prices, without comprimising its service and reliability. They have earned a reputation for being a trustworthy and quality supplier.

They have been trading since 1998 and have become a well known name in the area and have customer referalls and testimonials.

The company are members of both FENSA and the IWA. They are also the areas exclusive member of the Window Warehouse. This allows the business to buy Advantage Windows at discounted rates. Having the exclusive rights for the area also means, that all leads generated by Advantage Windows, for their products in the area, are automatically passed on to the company as a generated sales lead. These excellent leads are generated on a regular basis.

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 £447,000 with Gross Profits of circa £145,000. The current valuation of the freehold property is circa £100,000. There is the option to purchase the business separately whilst agreeing a leasehold fee and period with the current owners.

Employees: There are seven employees in the company including the two owners who look after the general running of the business and the administration. There are four skilled and experienced fitters and another employee who looks after the running of the workshop.

Property: Freehold

Location
The freehold premises are located in a part residential/ part industrial area of Lancashire. There is circa 1,000 sq.ft working space across two floors.

The ground floor is used as a cutting area, assembly area and storage, and the owners have plans to turn part of this area into a trade counter and showroom. There is a small attached yard outside which could also form part of the showroom area with a small alteration made to it. There is a mezzanine floor which gives further storage area and two offices for the administration. As you would expect all of the windows in the building are double glazed.

The owners are offering the business with the freehold sale of the property included.

Expansion potential
The company boasts a strong base of satisfied and regular repeat clients. They tend to get their business from word of mouth reccomendation or by repeat business. Very little has been spent on advertising. The company sub-contracts out the majority of its joinery work, including door fitting and canopies. By employing their own joiner, there would be an immediate cost saving. A trade counter and showroom is planned on the ground floor and this will provide a welcome new revenue stream. There are other opportunities within the company, including marketing their facility to build conservatories and working with alluminium glass frames in addition to their UPVC frames

Support & training
The business runs smoothly and is easy to administrate. The owners will be happy to help with a smooth transfer and handover.

Reasons for selling
The current owners would each like to pursue different opportunities and feel the time is right for them to sell the business.