Total of 18656 firms and businesses for sale today Tuesday 16th April 2024
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Business For Sale. Glazing Company Manufacture, Supply & Installation

LISTING DETAILS
Firms For Sale ID:
34609
Vendor reference:
GK274
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£500,000  
Turnover / revenue:
£660,806
Net profit / cashflow:
Undisclosed
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.
 
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BUSINESS DESCRIPTION
Glazing Company Manufacture, Supply & Installation
Ref. GK274
Location : London
Asking Price : GBP500,000
This business was established by the vendor in 1978. It is a successful glazing contractor and glass processor, mirror manufacturer, painted and embossed glass panels and fabricating aluminium windows manufacturer. The supply and quality installation of these products is provided for the large database of clients. These clients include large building contractors, blue chip companies, banks and local borough councils.

This professional company complies with all the current British Safety Standards and is a member of Fenestration SelfAssessment (FENSA), NFG and Construction Line.

Everything can be provided to create the right solution for a client whether that be a replacement unit at an order value of GBP50 or so, or fulfilling the requirements of an entire property with a much higher order value. With a heritage in the manufacturing sector and understanding what can and cant be done, the business wins more than its fair share of the more demanding, but generally, more profitable jobs.

Operating for over thirty five years the business has worked very hard at establishing itself as a brand within its local marketplace. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers.

Ideally positioned in East London the two unit facility is well equipped. Manufacturing is undertaken in the onsite workshop, creating a onestop resource for all things glazing. The company is extremely labour efficient, which is down to three things products, people and attitude. Only top quality components go into its units ensuring comfort, safety and security for all customers. To date it has supplied and fitted thousands of sealed units with all products installed to the highest specifications.

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.