A long established and successful family business predominantly operating in the door and window sector is being marketed for sale. In addition to an aluminium product range, it also supplies PVCu products and provides a full installation service. Revenue is distributed between 3 sectors, diversifying risk:
• Aluminium Windows and Doors
• PVCu Windows and Doors
• Accessories via a Trade Counter
It both supplies and installs in the commercial sector and is a preferred supplier for some notable public sector clients. Additionally it provides a supply only service to the domestic market.
Located in the East Midlands, the company operates from a 5,000 sq foot premises, and employs 16 full-time staff. One owner would like to leave the business after an appropriate handover, but the remaining management are happy to remain with the business.
Revenues have grown from c £1.7M in 2020 to a forecasted £3.0M in the current year. The business model is a robust one with a stable gross margin and delivering an adjusted EBITDA (fully accounting for replacement management costs) of £200k to £250k.
The Guide Price sought by the Vendors for 100% of the shares of the Company is £700,000. The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £300k. The balance sheet contains an element of surplus cash, which the vendors expect to be added to the consideration on completion.
The business will be an attractive acquisition for both a larger trade buyer looking to extend its product range, manufacturing capability and / or geographic reach and also those looking for a stable stand-alone business, with significant further growth opportunities.