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UPVC Windows/Conservatories, Porches, Doors, Fascia’s & Soffits Installations Company

Ref. GK289

Location : Northwest

Asking Price : OIRO £235,000

Turnover : £1,000,000

Net Profit : Undeclared

Gross Profit : £307,000

EBITDA : £115,000

Net Asset : £4,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold (2 sites)

Asking price includes:

Turnover for last financial year 2018 circa £1,000,000+ p.a.
Turnover for previous financial year circa £938,000 p.a.
Gross Profit previous financial year circa £307,000 p.a.
Adjusted EBITDA (pre-director drawings) circa £115,000 p.a.
Net Assets circa £4,000 (inc. 2 showrooms stock, plant, equipment)
CERTASS Approved/ Multi-Award Winner
High profile leasehold premises
Almost 20 years successful trading
Impressive referral rates
Top quality supply partners
Handover and training
Goodwill
Website

Business Profile

This very well respected and established business has been successfully providing its domestic clients with a comprehensive range of windows, conservatories, doors, fascia’s soffits and guttering for almost 20 years. The company provides a full design, supply and installation service to customers mainly within a 30 mile radius of its premises base and has forged a sterling reputation within the North West region, winning multiple awards over recent years for its quality of product and service delivery.

The company installs a wide range of PVCu windows, PVCu doors, doors and conservatories, not to mention all year round conservatory roofs to meet specific customer requirements. The company prides itself on providing a high quality service such is the quality of manufacture and installation. This commitment to quality is backed up by numerous accreditations and endorsements, not to mention client testimonials and excellent referrals.

The company has established strong and reliable supply relationships with its profile/glass suppliers and has excellent knowledge of the market. It has a superb team of experienced staff from the top down with strong levels of in-house expertise to provide first class turn-key installations in terms of quality, fitting, scheduling and price.

The business has focused on the domestic market place to date but has been approached many by commercial companies looking to utilise their services. To date the vendors have chosen not to pursue opportunities in this sector.

The business has enjoyed steady growth in sales and profitability over the last few years despite the difficult economic climate and this trend is expected to continue/increase moving forward. Margins are increasing as customers are happy to pay for this business’s no nonsense yet personal approach to business.

The vendors have invested in the business and staff over time. It has in place excellent internal controls and utilises Xero accounting software that ensures the business is run effectively and profitably without the need for the vendor to be involved on a day to day basis.

The organisation is fully conversant with all current legislation and guidelines relating to health, safety and quality. The company has an excellent health and safety record.

Equipment:

The business has sufficient back office equipment to ensure the company operates effectively and meets all guidelines. It utilises Xero accounting software and it has two showrooms, one at each site to showcase the range of products and services it can provide including full conservatories. All showroom equipment, office equipment, fixtures and fittings are included within the sales price.

Showroom stock has been written down over time- Net Assets circa £4,000.

Customer Service:

This business provides high quality supply and installation services. Staff are suitably qualified. This is backed up through the company’s/suppliers accreditations and registrations including:

• CERTASS
• BBA
• Trading Standards Approved
• 10 Year Warranty
• Multi-Awards

Key Strengths:

The company has been developed in order to run independently of the owner. However he likes to oversee operations through choice but is very much part time. The infrastructure is in place including staff, facilities, knowledge, experience and accreditations. Due to this the company is able to offer a consistent high level of service and has built up an enviable reputation which is evident in the impressive financial figures it has posted and continues to post. The many strengths of this business include:

• Profitability
• Infrastructure in terms of skills, staff, supply base, policies and accreditations
• Large historical customer base generating high levels of referral business
• Business model- not reliant on owner.
• Reputation-ongoing recommendations from historical customers and trade suppliers
• Growth pattern and future opportunities in the sectors it serves
• Full turnkey solution including onsite showroom and excellent after sales service

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 business is financially stable and has enjoyed excellent trading results year on year. This has resulted in a healthy order book and profitability to the owners and this trend is expected to continue in line with growth in the sectors it serves and the company’s reputation going from strength to strength.

The Asking Price:

Is for the sale of 100% of the Issued Share Capital in the Limited company. All owned showroom stock and equipment, office equipment are included within the sale price Net Asset value circa £4,000. The asking price is based on a debt free cash free scenario.

Advertising and Marketing:

The business enjoys high levels of repeat business, word of mouth recommendations and referrals from happy historical customers. It carries out local advertising together with other forms of marketing. The company also has an informative yet basic website.

Growth and Expansion:

The business currently operates on a regional scale (30 miles radius from each site) but there is no reason why it cannot further develop its presence in the region and beyond should a new owner so require. The business could certainly scale up operations, particularly at its Lancashire site which is very much reactive at this point in time.

There is always a strong demand from domestic customers for this company’s superior service levels. There are also good opportunities to branch out into the commercial sector should a new owner so wish. The housing sector is strong at present and the trend is expected to continue with many private organisations and public sector bodies looking to develop and refurbish its housing stock due to increasing legislation and higher expectations. This business is ideally positioned to service this need moving forward as it already has the accreditations and approvals in place and could be scaled up to exploit the many opportunities at its disposal.

The company could also further develop its product offering into hardwood, aluminium etc.

Premises:

The business operates from ideal high profile rented premises. The main site accounts for circa 65%. of revenues and is ideally located on a multi-occupancy site with ample parking and high visibility. The second office is a secondary retail just off the high street in a well-known busy town. Both have display showrooms.

Employees:

The director does NOT work in the business full time, he tends to work on a part time basis through choice overseeing the financial side of things. The business has put in place an excellent team who are able to manage and run the business with a minimum level of supervision. This includes internal full time office/admin/sales staff as well as a pool of self-employed sales staff, fitters and surveyors.

In addition to this the company has a sub contract building team and can call upon a trusted pool of other trades as and when required to provide a full turnkey service.

The business appreciates it’s staff who are a real asset. They are fully conversant with the latest products and installation techniques, not to mention health and safety and on-site legislation requirements.

Support and Training:

The vendors are happy to provide a comprehensive handover to ensure a smooth seamless transition. This should be a relatively simple handover as the business already has senior staff in place and the sole working director is only involved in the business on a part time basis.

Reason for Sale:

Planning exit for early retirement.

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