Total of 18659 firms and businesses for sale today Monday 13th May 2024
Sold. Sealed Unit Double Glazing Company Manufacture, Supply & Installation
LISTING DETAILS
Firms For Sale ID:
34608
Vendor reference:
GK274
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£500,000
Turnover / revenue:
£660,806
Net profit / cashflow:
£43,063
Years established:
38
Trading hours:
Monday to Friday: 8am 4.30pm plus Saturdays, if required.
Number of employees:
9
Employees / staffing:
The owner and his wife are responsible for the day to day management of the business. The business employs 1 x office manager / estimator along with 8 x self employed fitters / installers.
OTHER DETAILS
Reason for selling:
After many successful years the vendor is now looking to retire.
Support and training:
Support and training will be provided to ensure a smooth transfer of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from leasehold premises that are on a rolling lease and are based in East London. Ideally located there are two individual units both circa 4,600 sq. ft.
The annual rent is GBP 52,000 with rates of GBP 20,000.
BUSINESS DESCRIPTION
Expansion Potential
The UK double glazing sales and installations sector is highly fragmented with smaller companies, competing alongside very large national operators. Having been established for over thirty five years this business is perhaps better placed than most to withstand the competition there undoubtedly exists within its sector.
With continuous demand for quality products at competitive prices, this business could invest in additional marketing and expand in order to build on an excellent base. There is scope to employ more staff, which could provide a springboard for the extension of its products and services to other regions.
Currently no advertising is undertaken and business is gained via word of mouth reputation and construction line.
Market / Competition / Non-Competition Agreements
No advertising or marketing is undertaken all enquiries are by word of mouth and through contruction line. The business has an immense opportunity to build on its reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. There is a company website to attract interest from Internet searches.