Highley Profitable Window Company in West Sussex For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, West Sussex.

Based in the busy Sussex area they operate from a two locally based showrooms with additional space on a traditional business estate.

Turnover £ 28,500
Price £600,000

Features

Well-established Profitable Glazing Business

6 days opening.
5 owned vehicles worth approximately £20,000.
Working capital (cash) of approximately £200,000.
DEBT FREE.

A unique opportunity for another home improvement/glazing business to expand their operations in Sussex and Nationwide.

Established in 1988 and founded on the principles of good quality products, installation and service. No cold calling. This business has stood the test of time since its first installation 36 years ago and continues to flourish.

The company is a very well-respected supplier and installation specialist of windows, doors and conservatories in uPVC, aluminium and timber. Juliet balconies, porches and many more tried and tested products.

The current owner has created a turnkey opportunity for a new owner, with a good management structure in place as well as loyal installation teams.

Key features:
- Well established reputable business.
- Management Structure in Place
- £250K order book
- Trust Mark (Government Endorsed Standards)
- FENSA and CERTASS registered.
- 2020, 2021 and 2022 Turnover £1.2 Million per year.

Support & training: The experienced managing director who intends to retire will provide a comprehensive business handover in order to ensure a smooth transition of ownership and continuity of trading.

Turnover

We understand Accounts 30th June 2022 shows sales of £1,242,391 with a Gross Profit of £226,754

Staff

The business is at present operated by the Vendor with 2 full-time and 2 part-time administration staff, plus self-employed salespeople, surveyors and installers as required.

Trading Hours

6 Day week
MONDAY - SATURDAY 9am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the showroom are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £18,000 p.a.

WE HAVE BEEN INFORMED BY THE VENDOR that the warehouse are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2019 with no rent reviews at a current rent of £9,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

PLEASE BE ADVISED THE SALE VIA SHARE TRANSFER WHICH INCLUDES ASSETS OF APPROX. £200,000 IN THE BANK

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1988, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASES, GOODWILL, FIXTURES & FITTINGS £600,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 300,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote