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Family-Owned Double Glazing Business in London for Sale with Showroom - Retirement Sale

Undisclosed, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    08/09/23

  • Advert ID

    599139

  • Leasehold: £260,000
  • Rent: £24,000
  • Turnover: £1,000,000 (£19,231 Per week)
  • Net Profit: £180,000 (18% Profit margin)

Key Features

  • Accounts Available
  • Established Business
  • High Turnover
  • Prime Location
  • Retirement Sale
  • Town Centre location
  • Fully Fitted
  • Company for Sale

Business Details

Reputable Double Glazing business for sale retirement sale

This is a genuine retirement sale. This company, a family-owned business since its opening, has been fitting windows and doors in the same area since 1970.

The purchase comes with a fully-fitted showroom, office, and storage space of around 950 square feet. The premises are located on a main road leading into London and approximately 8 miles from the city centre. Additionally, the purchase includes two 66 plate vans, which are fully equipped for window installation and have been owned from new.

A new 10-year full repairing and insuring lease is available at £24,000 per year. The rates are £185 per month. We would be open to considering an offer for the freehold. The office and showroom operate five days a week, from 9 AM to 5 PM, with all business conducted within this time frame. However, there are opportunities to expand into weekend and evening appointments, which we are often asked for.

The company boasts the highest local ratings on social media. Currently, itis run by the two owners working in the office, alongside three self-employed fitters. So, consider this a golden opportunity to own a reputable and established business.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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