Newly Established Flooring Centre For Sale

Business description

ASKING PRICE INCLUDES:

Superbly fitted & equipped, spacious, modern showroom facilities.
Annual Turnover: In excess of £400,000.00.
Leasehold business premises.
Prime location adjacent to major national DIY Superstore.
Excellent facilities for significant further expansion.
Year Two Sales forecast: Over £600,000.00.
Year Two Net Profit forecast: Over £80,000.00.

Business Profile
The business specialises in the supply and installation of carpets, solid wood & laminate flooring and associated products.

The business commenced trading in early 2006 and has already established itself as a destination retailer, achieving an excellent first year turnover.

A full team of professional fitters for all supplied goods are employed, including a full time estimator and planner. The store runs predominantly under management.

Excellent expansion opportunities exist to extend the product ranges offered or to add additional associated furnishing products.

Situated in an extremely prominent main road position in one of the busiest out of town retail areas of a major and expanding South Yorkshire town, with many major national chains close-by including Homebase, Argos, Staples etc.

Key Strengths

· High level of customer recommendations and repeat business.
· Very high profile site.
· Massive growth potential.
· Excellent product range.
· Free customer parking on-site.
· Loyal, dedicated and experienced staff.
· High demand, widely recognised products.
· Buoyant housing market.

Growth & Expansion

The company has enormous growth potential, having already achieved a turnover in the first year of over £300,000.00.

No advertising or marketing strategy is currently utilised, instead turnover is achieved by customer recommendations, repeat custom and passing trade.

No customer credit or finance facilities are currently offered. Offering these facilities would significantly increase turnover.

The first floor of the premises is currently unused, offering a further 3,000 square feet of showroom space which could be utilised to extend the already successful product range, or to introduce associated products such as beds, furniture, or other home based products.

The company currently supplies only to the general public and a number of private property investors. The contract and new house build market is a further area of very significant potential - to enter into this market would lead to greatly enhanced turnover.

Premises

The business operates from quite beautifully presented and superbly positioned, highly prominent retail premises, adjacent to a major national DIY chain superstore on the premier retail trading road in this major developing South Yorkshire town.

This highly visible site is made up of a 3000 sq ft Ground Floor Showroom, with a further 3000 sq ft Showroom to the First Floor, along with various administration offices and staff facilities.

Private on-site customer parking for 8/10 vehicles is available, with extensive additional parking available in the immediate locale. The premises are protected by a full intruder alarm system.

Financial Information

The business is now offered for sale as an on-going concern on either a Leasehold Business only, with an attractive new lease to be agreed between vendor and purchaser.

Financial information in respect of the business turnover and profitability etc. will be provided to interested parties once the business has been viewed. All financial discussions will be conducted directly between the vendor and all interested parties under the auspices of The Business Partnership.

Reason For Sale

The business is offered for sale due to the intended semi retirement of our client..

Support & Training

The vendor will provide full business familiarisation, training and handover.

Please Note
Due to the sensitive nature of the sale of this business and the confidentiality required by our client, Interested parties will be required to complete, sign and return the enclosed Confidentiality Agreement prior to further information being issued.
We thank you for your co-operation in this matter.

Offers

All offers are for the Freehold or Leasehold business, goodwill and fixtures and fittings, and should be made directly to this office.

Finance

If you need help or advice in respect of your business finance requirements, please contact us. Our in-house Finance Department specialises in arranging the funding of freehold and leasehold business purchases such as this.