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

Business Id:000412     |    Reference: GK293
Leasehold Price:
Business Description

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.

Business Information
Turnover:£200,000.00 Annually
Profit:£38,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Construction businesses, Glass/China Shops, Homeware Stores, Glaziers
Statistic Information
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Business Profile
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 performance: 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
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.
Growth and Expansion:
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.

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