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BUSINESS REFERENCE : GK111 / RightBiz GK111-EAST ANGLIA-£295,000 -RETAIL SALES, REPAIRS AND INSTALLATION OF DOUBLE GLAZING WINDOWS, | | | | | | Retail Sales, Repairs and Installation of Double Glazing Windows, Doors and Conservatories, Summer Houses & Log Cabins Confidentially offered for sale Ref No: GK111 Location: East Anglia Asking price £295,000 Annual Turnover £900,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Home & Garden Services | | SALE: | Agent Sale | LEASEHOLD: | £295000 | | | | | | | | | | | BUSINESS DETAILS: | Situated in the centre of an extremely busy garden centre, this company sell and sub contract the installation of aluminium, hardwood, box sash or PVC windows, doors, porches and conservatories. It also stocks and sells a fantastic range of log cabins and summerhouses.
The business prides itself on its service to their customers, workmanship, job satisfaction and reliability.
The business offers a 10-year guarantee, and all products are manufactured to British Standard.
All products are kite mark accredited registered plus all glazing complies with document `L' standard.
Customer Service:
The company's most important asset is their clients, who appreciate the prompt, friendly service, reliability, convenient hours, and reasonable and competitive prices. Providing a quality product, service and expertise the business represents excellent value, based on advice, honesty and integrity.
Growth and Expansion:
This business is based in a prime location and could certainly achieve increased sales and profit. The owner recognises that the business is acknowledged for its quality and service and more assertive marketing of the company's portfolio of products will help build this excellent business into an even bigger cash earner for any new owner.
The steady increase in the building market and continuous demand for quality products offers great opportunity for this business. In a highly competitive marketplace the replacement window and conservatory market offers high margins and protection from the impacts of downturns in the new-build sector.
In fact, the number of PVC windows installed in private housing developments is predicted to rise 15% in 2007, while frames for conservatories on new homes look set to go up by a massive 200% over the next three to four years. Current production levels could be vastly increased both in volume of work and product variety and there is tremendous scope for expansion on the domestic side of the business as well as the potential for further growth from the commercial side.
Key Strengths:
The range of products supplied by this business offers the ultimate in quality, design flexibility, affordability and attention to detail. The company has earned and maintained an impressive base of satisfied repeat account clients and continues to attract new referrals.
The strengths of this company include its expansive product knowledge, and its technical expertise. The business is well respected for its honest, reliable and friendly approach, which has created a strong trading base.
This company's strength is founded on its quality of service and well respected name. Products can be manufactured to the client’s specification to offer an assurance of getting exactly what has been ordered. Its dedicated workforce of trained and qualified suppliers also encourages client confidence
Key Opportunities:
By creating a sales team and taking on the installation themselves, a new owner could increase sales and profits. Developing a new management structure and contributing fresh ideas this is a fantastic opportunity to build on this excellent base.
Employees:
The current vendor runs the business with the support of two full time sales assistants.
Advertising and Marketing:
The business currently advertises in all local papers, which generates new business and is cost effective.
An immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the launch of a company website, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative.
Services are marketed by being honest, open and empathetic to customers. This has generated an excellent reputation and positive customer experience leading to personal referrals.
Premises:
The premises are situated within a busy garden centre in East Anglia. The sales area extends to seven erected summerhouses and one log cabin, and three conservatories. This gives customers a great feel for the products available and exhibits the quality materials used.
In addition to the displays, is the sales office. The premises are leasehold and annual rent is charged at £12,000 inclusive of rates. There is currently 4 years remaining on a renewable 5-year lease.
Business Hours:
Monday – Saturday 9.00 am – 5.30 pm Sunday 10.00 am – 4.00 pm
Security:
The premises are alarmed and secured by the CCTV that operates within the garden centre’s grounds.
Financial Information:
The business is being offered for sale as a going concern, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The company’s annual turnover is £900,000 with a gross profit of 35% per annum, and a new asset value of £47,000
Reason for Sale:
Our client is selling the business due to ill health.
Support and Training:
Full support and training will be provided to the successful purchaser if required | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GK111 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
