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Glazier & Supplier of Glass & Glazing Products Specialist in architectural glass

Undisclosed, London
Leasehold Price:
£130,000
Status
FOR SALE
Advert ID
257950
Reference
GK293 / Rightbiz

Glazier & Supplier of Glass & Glazing Products
Specialist in architectural glass
Ref. GK293
Location : SW London
Asking Price : £130,000 Net Assets

This well known and respected business was founded by the vendor in 2011 and supplies competitively priced window & architectural glass products and glazing services. The business has found itself a much in-demand supplier of glass “splash backs” for kitchen and bathroom installations and mirrors.

A part of the business’ specialism is in toughened glass, glass balustrades, frameless shower screens. They experience great demand for on-site mirror silvering/de silvering & all forms of glass processing, including grinding, drilling, bevelling & polishing.

High added-value and quality critical products and solutions are created for private individuals and commercial clients.
The company employs a highly skilled sub-contract workforce for installation projects and there are two reliable self employed delivery drivers.

The company has become known as a reliable, quality-focused supplier and benefits from its prominent position in a retail unit on a busy road in South West London. Most products are supplied within the Greater London area but regular customers might sometimes require a delivery outside London.

It is fair to say that the business has outgrown the vendor’s ambitions and it is believed to be ready for a new owner to maximise the business’ current growth opportunities, the first of which is to agree to supply more orders.

Customer Service:

The vendor manages customers on a day to day basis, takes calls and enquiries and manages workflow.

Key Strengths:

The business has two key strengths:

• Extremely well located
• Highly reliable sub-contract team

To these strengths could be added the attributes of speed of turnaround from order to delivery, the variety of products on offer and the ability to supply whatever glass or glazed product the customer requires.

Key Opportunities:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The clearest opportunity to grow the business would be by simply agreeing to the level of demand that the company enjoys and by engaging in specific marketing campaigns backed by its strong reputation.

The market outlook for the business is excellent. With a strong demand for this business’ products a new owner who is capable of instilling additional ideas will have every advantage of building on an excellent platform.

This is a unique opportunity to purchase a growing business. It is a well-structured company generating excellent profit margins with excellent growth potential.

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.

Turnover for 2019 circa £200,000
Net Profit circa £38,000 before Director’s drawings
Net assets circa £15,000

Asking Price:

The Asking Price of £130,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £15,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £15,000 at completion.

Advertising and Marketing:

The company has an excellent website (though at the time of writing is being renewed) providing details on the range of services and portfolio.

A high proportion of the business s revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of previous customers, whilst continuing to attract new referrals and recommendations.

Premises:

The business operates from a high street premises with large frontage, close to other busy retailers and situated within West London’s prime property area, including Wimbledon, Richmond, Putney etc.

The double fronted premises is situated on the ground floor with storage area and is circa 800 square feet. The ground floor comprises small reception area and trade desk, display, toilet facilities, rear storage and extra office space if required.

Rent is circa £12,500 per annum.

Business Hours:

Usual office hours are: Monday – Friday: 8.00am – 6:00pm
Saturday: 8.00am – 4:00pm

Employees:

The business employs 2 full time staff members and one part time employee, along with the vendor and are ably supported by a trusted and reliable team of sub-contractors and two full time, self-employed drivers

Support and Training:

The vendor is happy to provide support and training for a negotiated period.

Reason for Sale:

The vendor wishes to spend more time with family.

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: £130,000
Tenure: Leasehold
Location: Undisclosed, London
Sector: Glazier Businesses, Glass Businesses, Home & Garden
Financials
Annual Turnover: £200,000
Annual Net Profit: £38,000
Key Features
  • Established Business
  • Company for Sale
  • Attractive Business
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Advert Reference: GK293 / Rightbiz

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