Well-established Supplier, Installer And Repairer Of Upvc And Aluminium Double Glazed Products To The Public And Private Sectors for Sale
South London, London
Leasehold : £ 440,000
Well-established supplier, installer and repairer of UPVC and Aluminium Double Glazed products to the Public and Private sectors
Confidentially offered for sale
Ref. no: GK125
Location: South London
Asking price: £440,000
Asking price includes:
Turnover for the 2007 financial year of £962,800
Gross margins in excess of 30%
Pre-tax net operating profits of £111,200
Established in 1976, this business, a FENSA registered company, originally established to supply cut glass for glazing and related activities to local customers in South and South West London has expanded rapidly to become one of the leading providers of glazing services to the public and private sectors in its area.
Based in very well-suited, leasehold premises, centrally located for its current operations, this business is able to deal with all glass and glazing requirements. Specialising in the supply and installation of uPVC and aluminium windows and doors, conservatories, window and door maintenance and glass and glazing repairs, this business can confidently claim that no job is too big or too small. Working overwhelmingly in the residential, healthcare and education sectors, to date this business has successfully completed projects for numerous privately owned properties, local councils, NHS Trusts and Housing Associations, for the vast majority of which it holds preferred supplier status.
This business does everything required to maximise customer satisfaction. With a number of teams of directly employed installers, this business can call upon a wealth of experience and high levels of workmanship, able to respond quickly and efficiently to all requirements whether it be the replacement of an entire double glazing unit or simply the servicing of windows, doors, handles, locks etc. Its processes and procedures have been carefully developed – this business has achieved the coveted ISO 9002 standard with BSI and with a particular emphasis on energy efficiency - this business also works with one of the local energy networks to help address the ever growing environmental issues – it also holds the BS EN ISO 14001 Environmental standard (formerly BS7750) – being one of the first companies in its sector in the area to achieve this standard. As an independent, this business has also developed a network of top quality local suppliers to ensure the best products and service at the most competitive prices available.
This business operates primarily within a thirty mile radius of its South London base – south of the river and within an arc incorporating Sevenoaks to the East, Guildford to the south and Reading to the West. Whilst the domestic market can be very competitive – less that 5% of the turnover of this business comes from this sector, this business is well established within its niche sector, with little local competition for its services. With a large volume of properties under Local Authority and Housing Association management within easy striking distance and a reputation for swift response, reliability and competitive pricing this business is very much the first choice in its catchment area.
With turnover of almost £963,000 for the financial year ending 2007 generating gross profits of almost £295,000 and a pre-tax net operating profit of just over £111,000, this is a very profitable business and represents an excellent acquisition opportunity for any existing operator within this sector either looking to penetrate the public and private managed housing sector or alternatively looking to establish themselves in the south London area.
||This is a family business. The Owner of the business is ultimately responsible for the day-to-day operations, supported by family members operating in administrative and operational capacities. The business also employs eight engineers broadly working in teams of two including three glaziers/replacement installers.
||This business operates from approximately 1,700 square feet in total including approximately 400 square feet of formerly retail premises now used as storage with the remaining 1300 square feet dedicated to office accommodation. The office accommodation was refurbished approximately two years ago. The premises are leased from one of the business’s largest customers.
The annual rent is approximately £16,500 with Rates of £3,850 per annum.
The business is ideally located for easy access to all parts of the southern Home Counties via the major road and motorway networks nearby.