Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Freehold Unique High Quality Carpet, Flooring & Furniture Company Contract Furnishings & Flo
LISTING DETAILS
Firms For Sale ID:
32723
Vendor reference:
AG133
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£575,000
Turnover / revenue:
£900,000
Net profit / cashflow:
£200,000
Years established:
2000
Trading hours:
Monday – Saturday: 0900-1730
Sunday: Closed
Employees / staffing:
This is a family run business with two family members working full time within it. One is responsible for the contract flooring operation and carries out the estimating whilst the other runs the office and sales function. The owners are ably assisted by the following personnel.
• 2 full time administrators/sales assistants
• 4 full time fitters
• 1 full time upholster
OTHER DETAILS
Reason for selling:
The vendors are planning their exit strategy
Support and training:
The current owners would be happy to provide full training and support to ensure a seamless transisition and continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Freehold Unique High Quality Carpet, Flooring & Furniture Company
Contract Furnishings & Flooring Retail Upholstery & Refurbishments
Ref.AG133
Location Staffordshire
Asking Price £ 575,000
A rare opportunity to acquire a truly unique business that has been successfully trading in the region and surrounding areas for in excess of 100 years. This family run business has evolved over time and now provides a totally unique range of products and services to both the commercial and domestic/retail market place on a local and national scale.
The company trades from a high profile location and has built up a considerable position in the market as you would expect from a company that has been trading for more than a century.
The business has a sterling reputation and is an independent insurance approved retailer. This generates significant levels of insurance work for the company. The company enjoys exclusive supply arrangements with the majority of the leading flooring and carpet manufacturers (mid to top end) which also ensures ongoing levels of business, be it commercial or domestic
Expansion Potential
The business is currently enjoying good growth both in terms of sales and profitability and this trend is expected to continue as it has multiple revenue streams to feed off.
There are very few operations of a similar nature or size in the area. This together with the excellent reputation, knowledgeable staff and levels of service sets this business apart. The business is well positioned for future growth as all the necessary foundations are already in place.
Market / Competition / Non-Competition Agreements
The business does not need to do any traditional forms of local advertising such is its high profile location in the town and historical associations. It does utilise its substantial shop frontage to good effect with various forms of point of sale and also undertakes a little mailshot activity. It also has a basic yet informative website.
However a high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation