Home Improvements Company Supply And Installation Of High Quality Windows Doors & Conserv | | Undisclosed Cornwall | | Home Improvements Company Supply and Installation of High Quality Windows, Doors & Conservatories Ref.IK249 Location Cornwall Asking Price £60,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56991
ADVERT IMPRESSIONS : 32,023 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £60000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This company is one of the best known and most established home improvement operations in Cornwall. Established in 1975 it designs, manufactures and supplies a broad range of UVPC windows, doors, roofing systems and conservatories to the upper end of the home improvement market in the South West.
The business manufactures to order and buys its extrusions and glazed units from carefully selected suppliers who have a reputation for quality. Average orders vary from circa £2,500 for doors and windows to around £14,000 for conservatories.
The company has retained every sales record since its inception and this database is now forming the foundation for building a new revenue stream by revisiting these customers and refurbishing, maintaining, repairing and replacing units and furnishings that are now out of warranty. Clearly such activity also generates new and additional orders for the core business. All installation work is carried out by employed fitting teams with the ground works being outsourced to local building contractors.
Key Strengths:
Strong brand image
Extremely well known and established for thirty five years
Superb high profile premises in a key location five minutes from the countys main arterial road.
Substantial room to develop the manufacturing capacity.
Massive database for remarketing.
Equipment:
The company uses Kwik books to control its administration and has invested in Vector software for the design of its conservatories. A full asset register will be made available on request and this will include all manufacturing tools and equipment.
Opportunities:
The sheer size and age of the existing database provides a wonderful opportunity to generate incremental sales possibly with updated products such as coloured units and other new services. In addition, the business is in a superb position having its own manufacturing plant, to manufacture and supply the building industry and other home improvement companies who buy in their units.
Commercial opportunities with local government bodies and housing associations would provide both maintenance revenue and new installation work.
Premises:
The company trades from a high profile industrial unit that plays host to both showroom and external display units and to the manufacturing plant. The vendor believes the site to be circa one quarter of an acre in size. It is located on a major trunk road approximately five minutes travel from the main A30 running through the county. There is very heavy passing traffic that will increase over the coming months due to the redevelopment of the local road network. The premises are owned by the vendor and will be available to lease for a monthly fee of £1250:00 + VAT.
Marketing and Advertising:
The company is one of the best known home improvement businesses in the county and has not felt the need to market themselves for a number of years. Every lead is vetted for its source and they invariably come by recommendation. They occasionally advertise in local papers and have a small presence in the Yellow Pages.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The company has a turnover of circa £600,000 with gross profits being circa £60,000. EBITDA has been projected at £35,000. An asset register has been requested.
Employees:
Two directors (retiring)
One works manager
One sales director
One self employed sales person
Four fabricators
Two conservatory fitters
Two window and door fitters
All employees have been with the company for a considerable time with the newest employee having been with the company for six years.
Reason for Sale:
The directors have enjoyed a long and succesful career in the home improvement market. They now wish to retire having passed the company onto a new generation of owners with new energy and fresh ideas. The business has been their lifes work and they are keen to see it continue to play a key role in fulfilling the regions home improvements requirements. They will be very keen to provide a comprehensive handover for a period to be agreed as part of the overall sales negotiations. | | | | | | FOR SALE | | | | | REFERENCE: | IK249 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
