SW1357 Supply & Fit of Glazed Products - Somerset
Price:
Freehold - £485,000
Leasehold - £250,000
Business Type:
Retail businesses, Service Businesses
SUPPLY & FIT OF GLAZED WINDOWS, DOORS, INTERIOR AND EXTERIOR GLASS PRODUCTS – Somerset
• 80% SALES FOR HOUSING ASSOCIATIONS + MAIN CONTRACTORS
• LONG ESTABLISHED AND HIGHLY PROFITABLE
• HIGH QUALITY STAFF AND ADMINISTRATIVE SYSTEMS
• MODERN PREMISES SUPERBLY LOCATED
• AVAILABLE WITH LEASEHOLD OR FREEHOLD OPTION
LOCATION:
The premises are located on a modern business park at Clevedon in North Somerset with very easy access to Junction 20 of the M5. The commercial client base, which accounts for more than 80% of annual sales, is spread throughout the South West, the West Midlands and along the M4 corridor and the company’s base is perfectly positioned to reach all clients within 2 hours via the main motorway and trunk road network.
BUSINESS:
This family owned and run glass business, which is a member of FENSA and CONSTRUCTION LINE, offers products for every part of the home, both inside and outside. From replacement windows and doors to heated bathroom mirrors, pet flaps and fly screens, glass splash-backs, balconies and entry systems.
The principal attraction to buyers will be the longstanding relationships with a significant number of housing associations, main contractors and house builders including major names. The quality, strength and modus operandi of the client base has ensured that the business has not been exposed to trade/bad debt risk and underlying trading performance has been consistently strong stemming from the excellent service delivered by a highly skilled team of surveyors, fitters and service engineers backed up by excellent sales and administrative systems.
The business is operated from a modern light industrial unit which has been fitted out to provide a large open plan office on a mezzanine floor, a ground reception to serve the retail market, a large workshop area, plenty of storage space and good quality ancillary facilities as well as ample parking. The premises are offered with the benefit of a new lease on attractive terms or as a freehold option.
YEARS ESTABLISHED:
The business was originally established more than 30 years ago and was acquired by the current owners in 1999.
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £493,503 were reported in the year ended 31 March 2011 and averaged £488,154 per annum in the 3 years from 31 March 2009.
NET PROFIT:
An abridged profit of £117,089 was achieved in the year ended 31 March 2011.
REASON FOR SALE:
Early retirement plans
STAFF:
Following recent cost savings the business is currently operated by three members of the same family with the assistance of three full-time permanent staff and a self-employed sub contract fitter. Additional short term support is being arranged under temporary contracts as required.
PREMISES OPENING HOURS:
Monday to Friday: 8.00am to 1pm and 2.00pm to 5.00pm
Saturday and Sunday: Closed
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The premises represent a modern light industrial unit within a secure compound forming part of a purpose built business park and are understood to have been constructed within the past 10 years.
The unit forms part of a terrace of similar premises of steel and block construction under a steel pitched roof with integral roof lights. The space incorporates a warehouse area accessed via a full height steel roller shutter door with a pedestrian exit to the rear for emergency purposes, together with a reception and ancillary facilities at ground floor level. Stairs rise from the reception area and also from within the warehouse itself to a mezzanine floor which accommodates a large open plan office together with additional storage facilities.
A small decked area has been created to the front of the property enclosed within a balcony of stainless steel with glass side panels which doubles as an outside seating area for staff as well as an example of one of the products offered by the business.
The accommodation may be described in more detail as follows:
Ground Floor Reception and Showroom (6.0m x 4.4m widening to 4.8m):
Open Plan Office (8.2m x 4.9m):
Store Room (5.0m x 3.2m):
Open Storage Area (5.0m x 5.8m widening to 7.5m):
Main Warehouse (17.4m deep x 11.1m at its widest point narrowing to 6.0m at the front of the unit):
Gents’ WC:
Ladies’ WC:
Kitchen (1.9m x 1.7m):
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'.)
None
OUTSIDE:
The unit benefits from the allocation of 3 parking spaces immediately outside the front entrance. There are also a number of additional unallocated parking spaces within the compound shared with the adjoining units.
LEASE TERMS:
A new lease will be offered on full repairing and insuring terms with an opening rental of £18,000 per annum subject to review every three years. An annual service charge is levied by the management company of the business park, the last being in the sum of £1,118 for the year.
The freehold premises can be purchased, if preferred, against a guide price of £235,000.
North Yorkshire
£ 750,000
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