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Accredited Double Glazing Company
Supply & Installation of Commercial and Domestic PVCu & Aluminium Windows, Doors & Conservatories plus Property Maintenance Company
Available as one, with 80% Combined Commercial Activity

Ref. GK285

Location : Dorset

Asking Price : £1,300,000

Turnover : £3,900,000

Net Profit : £434,000

Gross Profit : £1,100,000

EBITDA : Undeclared

Net Asset : £1,000,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price: £1,300,000 Inc. Net Assets

Business highlights include:

Combined Turnover circa £3,900,000 per annum
Combined Gross Profit c. £1,100,000
Combined Net Profit c.£434,000
Combined Net Asset Value c.£1,000,000
EXOR Accredited
CHAS registered contractor
Constructionline registered
FENSA approved
Established over 25 years
Top quality, energy efficient products
Management team in place
Long serving knowledgeable workforce
Superb reputation
Website

Business Profile

The business is an established, family owned and managed company, which has been in business for over 25 years and has worked very hard at establishing itself as a brand within the market place. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers.

From modest beginnings in 1992, fitting roofline products to domestic properties the company has gained a reputation for high quality installation at competitive prices. This ethos has carried forward into the installation of doors, windows and conservatories. In 1996 the company was awarded its first commercial contract, a side of the business that has grown considerably over the years. The company’s activities now extends across the South of England fitting doors, windows and roofline products for Housing Associations, Hospital Trusts, Schools, Local Authorities and the Ministry of Defence. In 2001 the company introduced a response repair service for existing contract customers, comprising of uPVC and aluminium window & door repairs, replacement glass and sealed units as well as garage door repairs.

The business is kept very busy running its operation from large premises that include a storage, showroom and offices. A full turnkey solution is offered to the large database of both commercial and domestic clients that includes the supply and installation of a bespoke high quality range of UPVC and aluminium double glazed windows, doors, patio doors, french doors, conservatories and composite doors.

With a heritage in the manufacturing sector and understanding what can and can’t be done, the right solution is provided for every client – whether that be a single replacement unit, or fulfilling the requirements of an entire property with a much higher order value. The strengths of this company include its expansive product knowledge and its technical expertise. Bespoke products are manufactured to the client’s specification with an assurance of getting exactly what is needed. Installation is undertaken by directly employed, qualified and highly experienced fitting teams, which has also helped to create a strong trading base.

The business is fully accredited and complies with all the current British Safety Standards, Ministry of Defence specifications, FENSA, Exor and Constructionline registered. The company’s success has led to very high levels of repeat custom.

Equipment:

The company has invested in a good level of plant and equipment in order to satisfy its very high standards of service and quality.

The business utilises leading Sage accounting software to run the administrative functions of the business and also uses a bespoke database management tool for all customer and client details.

Customer Service:

The company s most important asset are their clients, who appreciate the prompt, friendly service, reliability, convenient hours, and reasonable and competitive prices. Providing a quality product, service and expertise the business represents excellent value, based on advice, honesty and integrity.

Key Strengths:

• Honesty and Integrity
• Strong team ethic
• Professional Management team and staff
• Problem solving
• Reputation and detail
• Commercial and domestic customer base
• Top quality products supplied and installed to the highest level
• Accreditations
• Complete turnkey operation
• Good level of plant and equipment

Key Opportunities:

There is a lot of work to be gained. The business would benefit from a new owner with more energy to explore currently unexploited opportunities. A more proactive approach to sales and marketing could further increase revenues in the future.

Another avenue would be to diverse into facilities management and other complimentary services and possibly employing road sales representatives to travel and gain business from further afield.

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.

Combined Turnover circa £3,900,000 per annum
Combined Gross Profit c. £1,100,000 per annum
Combined Net Profit c.£434,000 per annum
Combined Net Asset Value c.£1,000,000

Asking Price:

The Asking Price of £1,300,000 is for 100% of the issued capital of the company, assuming Net Assets of circa £1,000,000 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 circa Net Asset figure of £1,000,000 at completion.

Advertising and Marketing:

Marketing is undertaken in local papers and the regional lifestyle magazine along with manufacturer’s brochures to highlight the products available.

The business has an excellent company website that beautifully presents the high quality products and services on offer.

Premises:

The business runs from two premises, both leasehold, and we are informed that a new lease can be arranged.

Premises 1:

The first premises are circa 3,750 sq. ft. They comprise of storage plus an office and have kitchen and toilet facilities. This building is covered by CCTV. There are secure shutters and the building is alarmed.

Premises 2:

These premise are circa 2,000 sq. ft. with offices and a smaller storage area. There are shutters and the building is alarmed.

Mains services are connected with Gas, Electricity and Broadband.

Business Hours:

Monday – Friday: 7.00am – 6.00 pm

Employees:

The owners run the business ably supported by a 25 x full time staff including an
experienced sales manager and contracts manager. It should be noted that staff have been working with the company for many years. They understand the company’s quality approach and work to the very stringent standards this business expects and delivers on a consistent basis.

Total Employees are as follows

15 x Fitters
11 x Office administrators and managers
1 x part time book keeper

Support and Training:

The owners are happy to provide support and training for a negotiated period of time.

Reason for Sale:

This is a genuine retirement sale.

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

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk