Established And Profitable Glazing Business | | Undisclosed Hertfordshire | | HERTFORDSHIRE ESTABLISHED AND PROFITABLE GLAZING BUSINESS EST 43 yrs 40/60 % retail/commercial Full Fensa approved A/T: £354,795 GP: £96,691 NP: £48,357 Forecast 2011 £390,000 Scope to employ more staff as work turned away L/H: £225,000 +SAV REF: 1105AL | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64964
ADVERT IMPRESSIONS : 10,206 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Glaziers | | SALE: | Agent Sale | LEASEHOLD: | £225000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business operates from a high visibility edge of town location in an affluent area of Hertfordshire
HISTORY
• The business was originally founded over 43 years ago and owned by the current vendors for over 23 years
REASON FOR SALE
• The business is only now being reluctantly offered for sale to enable them to pursue an alternative, unrelated business venture
PRODUCTS
• The business covers all aspects of glass and glazing including:
• Glass cut to size while you wait in store
• All shapes, sizes and types of mirrors made to order
• Specialists in leaded light windows and repairs
• Suppliers of Pilkington self cleaning glass
• Sash window repairs
• Repairs to UPVC, metal and wooden doors and windows
• Supplier of splash backs in coloured glass for around the home or office
• Single or double glazing fitting or replacements
• Suppliers of Pilkington glass with special heat reflective coating for high grade insulations
• Domestic or commercial 24 hour boarding up service and re-glazing
• In addition, they also offer carpentry services including new timber windows and repairs
• The business is fully FENSA registered
CUSTOMERS
• Customers are split approximately 40% retail and 60% commercial, which are a mix of schools, letting agents, builders, colleges & private clients
• Approximately 90% of sales are local to the area which is in the affluent county of Hertfordshire
STAFF
• 8 full time staff, including the 2 vendors
• A part time secretary who works 2 days a week and a Saturday lad
TRADING HOURS
• Weekdays: 8am to 5pm
• Saturday: 8.30am – 5pm
• Closed Sunday
FINANCIALS
2010 2009 Forecast 2011
Sales £354,795 £399,951 £390,000
Gross £96,691 £106,938
Net £48,357 £63,403 £74,000
• Stock holding & WIP £37,000
• The vendor is prepared to work with a new owner to ensure a smooth transition and to give the necessary introductions to both staff and clients
PREMISES
• Mid terraced ground floor lock up premises which briefly comprise:
• Side entry door with attractive window display showing the many facets of the business
• Reception area with trade counter
• Racked large glass stock area
• Cutting table
• Rear kitchen and w/c
• Back workshop and accounts office
• Rear exit door to yard
STRENGTHS
• An exceptionally well established business which has been trading for over 43 years
• Excellent edge of town high visibility location in the heart of the affluent county of Hertfordshire
• Outstanding local reputation with a very high repeat and referral trade from other satisfied clients
• Large range of services on offer
SCOPE
• Employ more men as work is turned away on a very regular basis as all existing employees have no more capacity
• Improve the existing web site
• Advertise more around the county, especially for trade work
TENURE
• Leasehold
• Original Lease: 9 years
• Remaining lease: 9 years
• Review every: 3 years
• Rent: £15,000 per annum
• Rates: £5,350 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1105AL / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
