OPEN TO OFFERS
Freehold £650,000 +SAV
Leasehold £350,000 +SAV
Hilton Smythe is delighted to welcome to the market this well-established and busy window manufacturing and installation business in Wigan, Greater Manchester. The business was established by our client in 1987 and is only now being offered to the market due to our client's desire for a well-earned retirement. The business operates 6 days per week and generates a turnover in the region of £1,499,000, with a gross profit of approximately 33% as per 2016 accounts.
The turnover is derived from the manufacture and installation of UPVC windows, doors, conservatories, orangeries and composite doors. The business has an excellent reputation within the industry, which has generated a very loyal client base with a lot of repeat trade and word of mouth referrals. Our client offers a wealth of experience and professional service and the business is a CERTASS registered company and also belongs to the Quality Assurance Association.
Facebook link: https://www.facebook.com/yorkwindowsltd/
We feel there is scope for a new owner to expand the business and therefore increase the turnover. There is already an excellent website in place to promote the business and the high quality of goods and services offered. A new owner could also launch a small advertising campaign to endorse the business and generate further income. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended.
TENUREWe are advised Freehold.
We are advised that a leasehold option is available at £395,000 + SAV. A new lease is to be agreed.
HOURSMonday - Thursday: 8.00am - 5.00pm
Friday: 8.00am - 4.00pm
Saturday: 8.00am - 3.30pm
STAFFThe business is owner run and managed with 16 x staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £1,499,000, with a gross profit of approximately 33% as per 2016 accounts.
York Windows Ltd occupies substantial two-storey premises in Wigan, Greater Manchester. The business benefits from car parking facilities to the front of the premises. The property is located within a densely populated residential area, from which the business draws much of its trade. Wigan is a town in Greater Manchester and stands on the River Douglas. As of the 2011 census the town had a population of 97,000 residents, whilst the wider borough has a population of 318,000. Wigan is well known for the famous Wigan Pier, which was originally a coal loading staithe, probably a wooden jetty, where wagons from the nearby colliery were unloaded onto waiting canal barges.
The area of the premises is well served by the public transport system, with several bus stops within easy walking distance of the business. Both Wigan Wallgate Railway Station and Wigan North Western Railway Station are both within a five minute walk away. The area is also well served by the A-roads with the business located just off the A49, which links to the vast A-road and motorway networks. Liverpool is approximately 22 miles away and Manchester is 23 miles away.
Large detached property with orangery and conservatory positioned to front, briefly comprising:
Large 8,000 sq. ft. workshop for manufacturing with 2 x WCs and kitchen area.
Main kitchen area.
Large reception area.
Small storage area above office.
Car park to front for approximately 6-8 vehicles.
Atlantic glass washer, Atlantic ¾ cutting table, 2 x free fall racks, 2 x hot melt machines, clamping table, Bor compressor, CNC bead saw, Transon cleaner, 3 x three headed welders, CNC corner cleaner, Urban corner cleaner, V notch saw, steel saw, 2 x single headed welders, Perticia up cutting double head saw, double headed mitre saw, various hand tools and electric drills, Walt chop saws, various glass stillages, 10 x steel frame racks and fork lift truck.
Renault Traffic 2010.
Mercedes long wheel base high roof 2012, with glass rack carrier.