Glass Merchant To Trade Also Undertaking Installation Work | | Undisclosed London | | NORTH LONDON GLASS MERCHANT TO TRADE ALSO UNDERTAKING INSTALLATION WORK Established glass merchant trading from industrial est in North London Excellent base of trade customers Domestic installation work undertaken Ideal acquisition for existing trade based business seeking new products and markets A/T £300k with plenty of scope to increase L/H: £275,000 + SAV REF: 1267N | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72781
ADVERT IMPRESSIONS : 11,094 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Glaziers | | SALE: | Agent Sale | LEASEHOLD: | £275000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Industrial unit located on a medium sized estate in a mixed commercial/residential area
• Ample parking for vehicle fleet and customers
• Densely populated urban area with large stock of commercial and residential property
• Loading from front of shuttered premises
HISTORY
• Founded by vendors as a glass merchant 37 years ago
• Trading from existing unit for 28 years
• Reliable repeat trade customer base nurtured over the period
• Excellent reputation for installation work both with the public and trade
• Now the largest glass merchant in North London
REASON FOR SALE
• Retirement
PRODUCTS AND SERVICES
• Glass and mirrors supplied to standard and custom sizes
o Windows
o Shelving
o Table tops
• Drilling
• Bevelling
• Polishing
• Installation of glass for personal and trade customers
• A source of expertise locally
CUSTOMERS
• Approximately half annual turnover is through direct sales to the trade
• 50 core business customers with high repeat rate
• Installation work undertaken mainly for private customers in domestic dwellings accounting for remaining 50% of turnover
SUPPLIERS
• Excellent trade supplier contacts
• Pilkington
• Glass also imported directly from a Belgian supplier
STAFF
• Husband and wife partnership
• 2 Glaziers
• 1 Process Operative
• 1 Sub contracted glazier
TRADING HOURS
• Monday to Friday 8 AM to 5 PM
• Saturday and Sunday closed
FINANCIALS
• Turnover £300,706 (2009) £428,147 (2008)
• Gross profit margin 48%
• High level of adjusted net profit
• Stock approximately £40,000
OVERHEADS
Rent £31,760 pa
Rates £10,040 pa
PREMISES
• A traditional lock up industrial unit extending to approximately 3,400 square feet with workshop, office and hard standing to front
• Secure industrial estate facility
• Trade sales window
• WC
• Workshop and glass storage area
• Roller shuttered
• Ample parking
EQUIPMENT
• Overhead crane
• Large glass cutting bench
• Small glass cutting bench
• Bevelling machine
• Polishing machine
• Drilling machine
• Diamond saw
• Large belt finishing machine
• Small belt finishing machine
• Portable glass drill
• 12 “A” frames
• 3 vans equipped to carry glass
STRENGTHS
• Superb name in the locality with excellent trade and personal customer base
• Present site many years
• Expert knowledge and advice offered
• Densely populated urban location with high density of buildings
• Reliable financial performance with good level of net profit for a working owner
• Substantial inventory of glass working machinery with no investment beyond consideration price required
• Considerable market presence within North London
SCOPE
• Upgrading of existing website
• Business development activity relatively limited at present
• Introduction of additional product lines or services e.g double glazing, trade based businesses
• Review of pricing structure upwards
• Introduction of additional retail locations
• Weekend opening
TENURE
• Leasehold, with 3 years remaining of a 15 year lease
• Rental £31,760 per annum
• Rates £10,040 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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: | 1267N / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
