Business for sale

Business description

Turnover: We are advised that the sales year ending 30th September, 2006 showed £1,065,984 with a gross profit of £619,625 (before factory workers wages and sub-contractors of £204,169 providing a gross profit after wages and sub-contractors of £415,456. It must be taken into account that in addition there are office wages year ending 30th September, 2006 of £140,753.


Price: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES, FITTINGS, PLANT & MACHINERY in the region of £350,000 subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS, PLANT & MACHINERY in the region of £950,000
subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT


Features Outstanding opportunity to acquire an old established Company with Glass & Glazing Department plus Home Improvement Department.

The Company deals in everything for glass including selling glass over the counter to trade and retail customers, dealing with commercial, retail and residential premises from a single broken pane of glass to a complete new shop front including a 24 hour emergency service 52 weeks of the year. Traditional leaded lights and mirrors.

The Home Improvement Department deals with replacement windows, doors, conservatories, porches, facias, soffits, gutterings.

Freehold Head Office premises comprise:

There are no yellow lines in front of the head office providing ample street parking.

Main entrance to retail/trade counter with large office area, computer system.

Showroom area for windows and door display

Large stockroom suitable for storage purposes

Ladies' & gentlemen's cloakrooms

Large work area. Front roller shutters to large loading and unloading bay with the advantage of a high ceiling.

Additional preparation area plus goods awaiting despatch plus despatch bay

Stairs to spacious first floor comprising:

Large office/directors board room
Accounts Office
Installation Managers Office
Large Store Room
Files/Records Storeroom
Ladies' & gentlemen's cloakrooms with w.c. and wash hand basin
Kitchen area

It should be noted the freehold premises have been refurbished and modernised to a high standard.

EQUIPMENT
Glass Processing Section - polishing machine, glass circle drill, glass finger grip machine, sealed units section, washing machine, hot melt gun, unit press table, spacer bar cutting bench, airflow glass cutting bench, pillar drill.

They have a fleet of 7 vans, fully equipped for the trade.

The owners also lease a showroom premises approx. 30 miles from the head office comprising a spacious showroom. We understand these premises are held on a secure renewable lease having approximately 7 years unexpired at a rental of £13,200 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.


Staff This lucrative business is operated by the vendor with a full compliment of staff for the business. Wages paid in the regionof £7,000 p.w.


Opening Hours Monday - Friday inclusive - 8 a.m. - 5.30 p.m.
Saturday opening - 8 a.m. - 1 p.m.
NO SUNDAY TRADING

In addition, as previous stated, there is a full 24 hour call out service for emergency work.


Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £35,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates in respect of the Head Office: £9,200 p.a. approx.

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR APPROXIMATELY 23 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED


Reference : M2291