Featured Brokers
CONFIDENTIAL SALE
FOR SALE
02/02/22
289907
ALPHA / Rightbiz
With pre-COVID turnover at £2.7m, our client has established themselves as a regional force in the manufacture, supply, and installation of double glazing, conservatories, patio doors, and roof lining products in the North East of England and beyond.
Sales slipped by 25% as a result of the pandemic causing the company to make its first-ever loss. Revenues have however rebounded in the last twelve months meaning that our client expects to return to its prior healthy levels of profitability.
This is a well-developed, cash-generative business owned and operated by its current management team since 2006.
Please find below more points of note about our client followed by our contact details for you to advance an enquiry to access the information memorandum for this company.
Workforce
Other than the owner, the company comprises a manufacturing team, four teams of window fitters (often booked out up to 4 months in advance), and an administration team.
The owner currently has veto over major strategic and financial decisions for the company in which he is assisted by:
· the company secretary who looks after the day to day internal business and deliveries.
· the company accountant who looks after the financial side of the business
· the factory manager in charge of day to day production
· the production processor who is in charge of the manufacturing schedule and stock ordering
· the installation and remedial servicing manager
Premises
The company operates from a 10,000ft2 manufacturing facility with a 4,000ft2 office showroom which has a trade counter serving the general public.
Each premises has dedicated 3 parking spaces but there is plenty of parking to the side of both premises.
There are also have 2 bays dedicated for use as a compound to house skips for rubbish from installation.
Marketing
The company’s core marketing activities are its two websites. The double-glazing website receives around 250 searches a month and the door installation website around 625. Both sites rank well on Google on key search terms despite their current lack of content and SEO copywriting.
The company also receives leads from a national patio door installer website direct as they are the North East England dealers for this brand.
The company is a current member of the Fair Trades Association, a buyers’ directory which has some of the strictest qualifications of all trade organisations. They have a listing on the association’s website, which displays prominently the 9.43 out of 10 rating given to the company by over 950 homeowners and landlords.
The company also advertises on public transport and in trade magazines occasionally.
Sales and cash flow
Domestic sales appointments are fulfilled by either the owner or a surveyor. Most deals result in business. For domestic clients, one payment is made which triggers the production of the windows required for the job. Installation occurs full & final payment is made.
Commercial clients are serviced via a non-recourse factoring facility.
For supply only orders, the current lead time is 3-3.5 weeks. Where the client requires an installation, turnaround time is 6-8 weeks dependent on the supply of raw materials, customer payment of invoices, and installation team work schedule.
Opportunities for growth
There are multiple opportunities outlined for growth by the current owner which are detailed in the information memorandum including:
· direct marketing to installers,
· agent network development,
· purchasing leads from aggregation services
· relationship-building with specifiers,
· and more.
Many of these plans are well-developed but, due to a shortage of staff and the interruption caused by the pandemic and general supply chain problems, they have been put on hiatus for the time being. The current owner would be happy to share his insights with a new purchaser.
Summary
The owner is passionate about the sector and the company he has built. He is also invested in the success of their staff and of their buyer and they would be happy to help in any way they can.
To request a detailed information memorandum on our client, please call 0800 634 9679 or email [email protected].
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Established and profitable double glazing and conservatory manufacturer & installer - ALPHA / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.