Other Manufacturing companies for sale in Fareham

View the "CONSERVATORY, WINDOW & DOOR MANUFACTURE, SALES & INSTALLATION" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: £130,000 Price Reduced Annual Turnover: £971,228 Annual Gross Profit: £445,508 Annual Net Profit: £69,018
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Business Description
LOCATION:

The business operates from a modern, spacious 5,000 sq ft factory unit on an industrial estate in Fareham close to the M27 motorway. The business serves customers within a 50 mile radius of Fareham in South Hampshire.

BUSINESS:

Profitable, established family-owned business in the same hands for 31 years. 80% of installations take place within a 20 mile radius of Fareham. Offices, spacious workshop and showroom in modern premises on an industrial estate in Fareham. Conservatories and Orangeries account for 55% of turnover with windows, doors and facias making up the balance. Sales to local authorities were worth £110,000 in the most recent trading year. Fully-accredited FENSA inspections 3 times per year.The business employs 11 full time staff - 4 fitters, 2 bricklayers, 2 workshop operatives, 2 office staff and a surveyor. The Vendors own the freehold and will offer a new lease on favourable terms subject to status. Turnover for the year ended 31 March 2016 reached £971,228 with 80% of installations within a 20 mile radius of Fareham.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

In addition to the workshop and product store there are fully-equipped offices and full-size products on display for customers to inspect and handle in the Showroom and office areas. The rates assessment provides the following data:
Location Use Sq M / Sq Ft
1 Ground Workshop 132 / 1,420
2 Ground Area Under
Supported Floor 178 / 1,915
3 Mezzanine Works Office 138 / 1,485
4 Mezzanine Internal Storage 9 / 97
5 Mezzanine Internal Storage 27 / 290

Total area: 487 / 5,242

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
There is no private accommodation included with this opportunity

OUTSIDE:
There is ample free parking outside the premises on this modern industrial park.

TENURE:
Freehold. The Vendors will also grant a lease on favourable terms with an opening annual rent of £33,000.

RATES:

The rateable value of the business premises is £27,000 with rates and water charges of £13,195 payable in 2014/15.
NOTE:
The rates information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:
Sales revenues are split as follows: 55% conservatories; 40% windows and doors; 5% garage doors, facias and soffits. Accounts inspected by Adams & Co for the year ended 31 March 2015 show turnover of £971,228 with gross profits of £445,508 (46%) compared to turnover of £914,475 and gross profits of £403,376 (44%) the previous year confirming the continued growth of the business.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday to Friday 0830 to 1730
Saturday External sales visits only
Sunday Closed

STAFF:
The vendor handles all sales enquiries and visits customer homes to prepare quotations. His wife works one day per week dealing with HR matters. They are supported by the following full-time employees:

4 Fitters
2 Bricklayers
2 Workshop technicians
2 Admin Office staff
1 Surveyor

INVENTORY

Equipment included in the asking price:

Vehicles
Renault Master Van 2008 reg
Citroen Van 2013 reg on finance
Nissan Cab Star pickup 2015 on finance
Fiat Van 2010 reg
Citroen Berlingo 1 month old on finance

Machinery
Double headed profile saw; Triple headed profile welder; Triple headed profile drainer; Espag router; Multi headed transom notched; Ban saw; Lock router; Angled end miller; Multi headed frame cleaner; Transom grooves; Large aluminium frame pleater;
Aluminium end miller; Same sash-crimped for ali frames; Bead end miller large; Small end miller; Bead saw; Single headed feature groover; Glass washer; Glass press; Glass hot melt machine; Super spacer assemble machine; Super spacer assemble jig; Spacer bar chop saw; Georgian bar pillar drill; Lead layout table; Glass cutting table; 5 glass racks; Panel press machine.

Equipment
4 ladders; 4 Acro props; 4 Strongboys; 6 x 6 tower scaffold;
4 x 2 working platform; Large aluminium working platforms;
3 aluminium yeoman boards; 6 large scaffold boards; Cement mixer; Bosh site level.

Office equipment
5 computers to include all programmes, printer etc. chairs tables, fax machine 2 mobiles telephones. Files - all customer details.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:

The vendor and his wife have run the business for the past 30 years and now wish to retire. This has created an exciting opportunity for a new owner to build on the solid foundations laid down by the owners over the last 31 years.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Number of Employees:
11 full time employees: 4 fitters, 2 bricklayers, 2 workshop operatives, 2 office staff and a survey

Tenure: Leasehold

Location Details:
Modern premises on an industrial estate in Fareham, Hampshire

Leasehold Term:
The vendors own the freehold and will grant a new lease on favourable terms subject to negotiation with an opening annual rent of £33,000 in line with local rental rates of £7.30 per sq ft. The freehold title is also available for sale at £595,000 including the business goodwill and assets.

Listed by: Adams & Co
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HW1470
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