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Fabrication, Supply and Installation of High Quality PVCu Doors, Windows & Conservatories

Hull, East Riding of Yorkshire
Leasehold Price:
£215,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
231353
Reference
GK288 / Rightbiz

Details

Fabrication, Supply and Installation of High Quality PVCu Doors, Windows & Conservatories - Double Glazing Business Fully Operational as a Manufacturer
Ref. GK288
Location : Hull, East Yorkshire
Asking Price : Trade & Asset Sale £215,000

Turner Butler is delighted to offer for sale this privately owned double glazing business, which has been established for circa 38 years. The business supplies and installs high quality PVCu windows, doors and conservatories primarily to the domestic market with some commercial and also some supply only business, generating a substantial turnover in the region of £1,308,000  per annum.

The business boasts an excellent supply chain and offers plenty of scope for a new owner to increase turnover. Positive points would be the promotion of the ‘supply only’ line of business and the possibility of diversifying into other products /services using the existing and new client base. The skilled workforce is extremely capable and adaptable to any form of change.

The company primarily supports the local market of East Yorkshire. The sale is a rare opportunity to acquire a well-established and highly regarded business with scope for further development. The business would suit integration into a multifaceted group as well as private individuals.

Customer Service:

Business success is due to the unsurpassed level of service provided to both the general public and trade customers.

Key Strengths:

• Manufacturers including ‘A rated’ windows
• Skilled and experienced mature work force
• Well-equipped factory – turnkey operation
• Competitive pricing
• First class name and reputation
• Room for growth within the industry and diversification

Financial Information:

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 turnover is in excess of £1,308,000 per annum with Gross profit circa £393,500 per annum and an adjusted EBITDA before owner’s costs of £81,468. Net assets on completion are expected to be c£87,000.

Asking Price:

Offers are Invited for 100% of the issued capital of the company assuming Net Assets of £87,000 on completion (calculated on a cash free zero debt basis).

Premises:

The premises comprise a well-equipped factory with all the manufacturing facilities and have excellent showroom facilities that are all fully secure.

The future rent is circa £50,000 per annum. The lease period is negotiable.

Business Hours:

Monday – Friday: 8am – 5pm
Saturday 9am – 4pm
Sunday: 10am – 4pm

Support and Training:

The vendor is happy to provide support and training for a period of time to be negotiated prior to the sale.

Reason for Sale:

Retirement of the main shareholder.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Leasehold Price: £215,000
Tenure: Leasehold
Sector: Double Glazing Business, Construction Businesses, Home & Garden
Financials
Annual Turnover: £1,308,000
Key Features
  • Attractive Business
  • Company for Sale
  • Retirement Sale
  • Established Business
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