Property Descriptions

Specialist Conservatory Roof & Insulation Company, Manufacture, Supply & Installation Making conservatories warm in Winter and cool in Summer Confidentially offered for sale Ref No: GK295 Location: England & Wales Relocatable Asking price: £2,000,000 inc. net assets Asking price includes: Turnover: circa £1,557,000 per annum (2023 accounts) EBITDA circa: £500,000 (before drawings) Net Assets circa: £410,000 Well known and trusted operation Firmly established company Ltd since 2020 Hundreds of 5* Google ratings Superb opportunity to grow Remotely managed Business Profile: This business was established by the vendor over 10 years ago but has been a Ltd company since 2020. It is a very successful and highly specialised installer of insulated and replacement roofs for existing conservatories, making the typically heat inefficient conservatory Warm in Winter and cool in Summer. This is a most common problem with domestic conservatories and this business has provided its highly desirable and welcome “fix” for what is now a large database of customers. These customers include most typically homeowners but also building contractors and there is a very great scope for much more. This professional company complies with all the current British Safety Standards and benefits customers with a VAT discount offered by the UK Government for insulation installation. Everything can be provided to create the right solution for a customer – whether that be a replacement roof with insulation or fulfilling the requirements of a new build with a much higher order value. With a history and enviable collection of Google 5* reviews combined with an understanding what can and can’t be done, the business wins more than its fair share of very profitable jobs. The business has worked very hard at establishing itself as a brand within its marketplace and provides its installation service to all parts of the Midlands, the South of England and Wales. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers. The business manages operations from a single remote (home) office with the benefit of a large 5x Unit storage facility and a loyal, longstanding team of tried and tested installers working on a self-employed basis; the business can call upon a wealth of experience and high levels of workmanship – two factors that have contributed in no small way to the excellent reputation the business has built up over its many successful years of operation. The company is extremely labour efficient, which is down to three things - products, people and attitude. Only top quality components go into its units ensuring comfort, safety and security for all customers. To date it has supplied and fitted hundreds of units with all products installed to the highest specifications. The business provides an acquirer with: · An ideal bolt on for a company already operating in the double glazing sector looking to expand their presence in the sector. · A potential ‘starter’ business opportunity for an organisation or an individual looking to establish themselves in the conservatory sector. Customer Service: Customer feedback is excellent, the company is all about offering first class customer service and customer care. The business has a strong emphasis on service and always exceeds client expectations due to their professional service, giving the business a definitive competitive advantage. Key Strengths: · Well-known brand with excellent long-standing reputation for reliability, professionalism and competitiveness · One stop shop - Manufacture, supply and installation · Large database of very happy customers · Strong market outlook · Knowledgeable and experienced workforce · Potential for market expansion · Well managed business Growth and Expansion: The UK double-glazing sales and installations sector is highly fragmented with smaller companies, competing alongside very large national operators. As an established, specialist this business is perhaps better placed than most to withstand the competition within its sector. With continuous demand for quality products at competitive prices, this business could invest in additional marketing and expand in order to build on an excellent base. There is scope to employ more staff, which could provide a springboard for the extension of its products and services to other regions. Currently no advertising is undertaken and business is gained via word of mouth reputation and Google searches by customers. Advertising and Marketing: The business has an immense opportunity to build on its reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. There is a company website to attract interest from Internet searches. Employees: The owner is responsible for the day to day management of the business. The business employs 1 x office manager / estimator along with 8 x self-employed fitters / installers. Premises: The business operates from a home office and remotely manages all installers. Business Hours: Monday to Friday: 8am - 4.30pm plus Saturdays, if required. Financial Information: The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover: circa £1,557,000 per annum (2023 accounts) EBITDA circa: £500,000 (before drawings) Net Assets circa: £410,000 Reason for Sale: After many successful years the vendor is now looking to retire. Support and Training: Support and training will be provided to ensure a smooth transfer of ownership. Asking Price: The Asking Price of £2,000,000 including net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £410,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £410,000 at completion.