Well-Established Conservatory Roof Fabricators
Ref.GB044 Location MidlandsAsking Price £ 950,000Confidential offered for sale | |
The turnover for the financial year ending June 2006 was in excess of £920,000
Generating gross profits in excess of £270,000
Asking price includes
Established business excellent database of clients
Reputation for quality, reliability and responsibility
Highly skilled staff
Exclusive operator within local catchments area
Well-established account base
Excellent growth opportunities
Complete turnkey operation
Training and handover
Healthy profit margins
Plant and equipment
Advertising
Goodwill
Website
Stock | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | First established in 2001, this business provides the trade with quality conservatories, and has grown to become one of the leading manufacturers in the Midlands.
This business maintains an extensive base of satisfied customers, who value the company’s products and service. Early viewing is recommended to appreciate this excellent opportunity. The current market for this business’s branded products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Based in very well suited, freehold premises of approximately 6,000 sq feet on a small business park, with superb access to the surrounding motorway network; this business is able to deal with all glass and glazing requirements. Specialising in the fabrication of conservatories, this business can confidently claim that no job is too big or too small. To date it has supplied thousands of precision built products to the highest specifications, covered by a comprehensive ten-year insurance backed guarantee.
The business is in the excellent position where it can actually turn down work, and currently operates at around 50% of its capacity.
With a skilled team of tradesmen, this business can call upon a wealth of experience and high levels of workmanship. With the added benefit of its own on-site manufacturing facility, a full range of finishes, designs and styles are offered to suit all types of property. Only top quality components go into the units ensuring comfort, safety and security for all customers. | Quality Control:
This business offers a fully comprehensive manufacturers backed guarantee on all its products.
Key Strengths:
This is a very well established business that has developed an excellent reputation in its local marketplace for supplying a quality product and high levels of workmanship - at very competitive rates.
This business is ideally situated – on a small business park, with easy access and ample parking. With excellent cash flow, a healthy level of turnover and margins, this is a very well managed and profitable business. | Technology:
The business has a computerised system for dealing with the daily worksheets. The system enables the company to provide a service to customers that is second to none, giving cutting sizes, drawings, measurements, manufactures sizes, etc.
Key Opportunities:
Performing more than adequately to date, investment in this business has been limited to the current Owner’s ambitions. With excellent foundations in place, there is an outstanding opportunity to build on the current business levels and customer base of this company.
With a strong demand for this business's products, combined with a capacity to increase turnover, a new owner contributing fresh ideas, particularly in the area of marketing where spend to date has been limited to small display ads in the local weekly free sheet, will have every advantage of building on this excellent platform. Particular attention could be paid to expand the trade sector where this business currently does all the works for a number of local builders – but there is no doubt that this portfolio of trade relationships could be built upon further.
This firm maintains an extensive base of satisfied clientele, who appreciate quality service. There are many excellent avenues for growth, especially with additional staffing, sales or telesales team, and further promotion of the new extrusion product within the appropriate market sectors.
With new environmental legislation in place, demanding higher specification materials, it is envisaged that there will also be significant organic growth for this business moving forward as more expensive higher efficiency products are ordered ultimately leading to greater profits for the Company.
Customer Service:
The cornerstone of the success of this business has been the high levels of customer service this business has provided over the many years of its operation. This business is large enough to meet the requirements of the most demanding of customers yet small enough to be flexible to particular demands. | Premises:
This business operates from approximately 6,000 square feet in total, including office accommodation. The freehold of the property is available at circa £395,000.
Alternatively the Owners may be open to lease the property to the new business owners.
The site is well maintained, very secure with excellent signage and has the significant benefit of ample car parking. The business is well located for easy access to all parts of the County via major road and motorway networks that are in close proximity to the company premises. | Advertising and Marketing:
Apart from a small full colour display ad in the local weekly papers this business undertakes no advertising and generates all new business from trade awareness and the finest form of marketing, word of mouth recommendation. Satisfied customers are regarded as the best advertisement for this Company. | | | Financial profile: | The business is being offered for sale as a going concern. 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 with a positive cash flow and enjoys a Strong Forward Order Book. The turnover for the financial year ending June 2006 was in excess of £920,000, Generating gross profits in excess of £270,000 | Employees:
The owner’s of the business are ultimately responsible for the day-to-day management, supported by a very capable Manager, Four fabricators and one driver. The current owners are actively involved in the business on a day-to-day basis. | Support and Training
The current owners will provide all necessary handover and training and all relevant contacts to ensure a smooth transfer of the business. | Reason for Sale:
Having worked in the business since its establishment in 2001 the current Owners wishes to pass the business on to new Owners to build upon the excellent foundations already laid. | | 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 & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
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