| (REF: 1105AL) Established And Profitable Glazing Business |
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| Seller Reference: |
1105AL |
| B4S Reference: |
27925 |
| Asking Price: |
£225,000
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| Net Profit: |
£48,357 |
| Sales Revenue: |
£354,795 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Hertfordshire, United Kingdom |
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HISTORY
• The business was originally founded over 43 years ago and owned by the current vendors for over 23 years
REASON FOR SALE
• The business is only now being reluctantly offered for sale to enable them to pursue an alternative, unrelated business venture
PRODUCTS
• The business covers all aspects of glass and glazing including:
• Glass cut to size while you wait in store
• All shapes, sizes and types of mirrors made to order
• Specialists in leaded light windows and repairs
• Suppliers of Pilkington self cleaning glass
• Sash window repairs
• Repairs to UPVC, metal and wooden doors and windows
• Supplier of splash backs in coloured glass for around the home or office
• Single or double glazing fitting or replacements
• Suppliers of Pilkington glass with special heat reflective coating for high grade insulations
• Domestic or commercial 24 hour boarding up service and re-glazing
• In addition, they also offer carpentry services including new timber windows and repairs
• The business is fully FENSA registered
CUSTOMERS
• Customers are split approximately 40% retail and 60% commercial, which are a mix of schools, letting agents, builders, colleges & private clients
• Approximately 90% of sales are local to the area which is in the affluent county of Hertfordshire
STRENGTHS
• An exceptionally well established business which has been trading for over 43 years
• Excellent edge of town high visibility location in the heart of the affluent county of Hertfordshire
• Outstanding local reputation with a very high repeat and referral trade from other satisfied clients
• Large range of services on offer
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Leasehold |
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Lease Terms: |
• Leasehold
• Original Lease: 9 years
• Remaining lease: 9 years
• Review every: 3 years
• Rent: £15,000 per annum
• Rates: £5,350 per annum
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Living Accommodation: |
No |
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Details of Accommodation: |
• Mid terraced ground floor lock up premises which briefly comprise:
• Side entry door with attractive window display showing the many facets of the business
• Reception area with trade counter
• Racked large glass stock area
• Cutting table
• Rear kitchen and w/c
• Back workshop and accounts office
• Rear exit door to yard
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Location: |
• The business operates from a high visibility edge of town location in an affluent area of Hertfordshire |
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• The business operates from a high visibility edge of town location in an affluent area of Hertfordshire |
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• Employ more men as work is turned away on a very regular basis as all existing employees have no more capacity
• Improve the existing web site
• Advertise more around the county, especially for trade work
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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• Weekdays: 8am to 5pm
• Saturday: 8.30am – 5pm
• Closed Sunday
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• 8 full time staff, including the 2 vendors
• A part time secretary who works 2 days a week and a Saturday lad
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