Window and Conservatory retailers for sale in City of London

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Well established Glass/Window fitting business for sale

City of London, London, England

  • Leasehold Price: £210,000  Price Reduced arrow_drop_down
  • Turnover: £418,894
  • Gross Profit: £180,752
Seller Reference: B05960
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Business Description
 
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Seller Reference: B05960
Request Details
Business Description
Business
Please quote reference B05960

Hilton Smythe are delighted to present to the market Chiswick Glass Ltd, a highly regarded and well known Glass/Window fitting company with over 50 years trading history.

The unique opportunity combines a very healthy walk in trade business, local residential market as well as larger more bespoke glass installation side for builders and architects.

Services include –


  • Glass Balustrades

  • Glass Doors

  • Bespoke Shower Screens

  • General Glazing or Replacements

  • Mirrors

  • Splashbacks

  • Shelving

  • Roof Work

  • Obscure Glass

  • Fan Light


We are advised the external work is split between the domestic residential market to larger commercial projects as well local schools and universities.

The shop is now the only business of this type within the area and enjoys a very healthy walk in trade for customers looking for specific cut to order glass which is managed by the in house cutter.

We are advised 2/3 of the sales are derived from outside work and 1/3 from those customers visiting the shop.

Our client advises they undertake no advertising, and the current workload is solely though referrals, word of mouth or local walk in customers.

We advise any new buyer looking to further grow the current turnover could look to increase any of the following areas to increase the workload –


  • Increase the mile radius covered

  • Add social media advertising presence

  • Add Google ad word campaigns to drive new footfall to the website

  • Increase the content of the website to show more examples of the work carried out

  • Tender for larger jobs

  • Increase the current workforce


Hilton Smythe advise this is a very special shop/external glazing business rarely seen now in London and therefore recommend early enquiries to avoid disappointment.

Location
Chiswick Glass occupies a highly visible corner trading on Chiswick Lane/ Ashbourne Gardens in Chiswick, West London.

Chiswick lane is the main link road from the Great West Road onto Chiswick High Road.

Chiswick is a leafy, affluent area of West London with a distinct feel. The desirable area is particularly popular with Media and Creative professionals who enjoy the choice of independent retailers, wine bars and high end restaurants situated along Chiswick High Road.

We are advised there is excellent passing trade due to its location whilst other booked work is mainly carried out within a 10 mile radius of the shop premises.

There is a free parking space directly outside as well as metered spaces in the adjacent streets.

Nearest underground stations are either Stamford Brook or Chiswick park.

Premises
Front external – 1 x off road parking space

Ground floor – open plan service area with large workbench, large glass cutting machine, 2 x sides of glass storage racks.

Small office area

Store room

Kitchen area

Staff toilet

Equipment – 1 x van

Tenure
We are advised there will be a new 10 year lease available to any new buyer with an annual rent of £25,000 paid per year. The business benefits from full small business relief on the business rates.

Hours
Monday to Friday – 8.00am – 5.00pm
Saturday – 8.00am – 12.00pm
Sunday – closed


Staff
The business is run and managed by our client with the help of 2 x field fitters, 1 x shop cutter and 1 x admin person.

Financial Profile
As of the 2018 accounts, the business generated a Turnover of £418,894.

We are advised the 2019/2020 accounts will also achieve a similar Turnover result however the Adjusted net profit will be significantly higher for this period, approx. £114-115,000 for 2020.

Please quote reference B05960

Tenure:
Leasehold
Listed by:
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