Specialist Flooring Contractor For Hotels and Public Buildings For Sale

Business description

Specialist flooring contractor for hotels, restaurants and public buildings for sale

– Outstanding opportunity to acquire a highly successful flooring contractor business with consistently increasing year on year sales and strong profitability.

– The business specialises in supplying and fitting made to measure carpets for hotels, restaurants and other public spaces and boasts many prestigious clients worldwide, including embassies, the Houses of Parliament and the Trocadero in Piccadilly.

– Using rarely available specialist seaming equipment, the business is able to stitch together and cut to shape large expanses of carpet at its workshop prior to delivering the carpet for fitting at the client’s premises.

- The business operates from leasehold premises with a 5 year renewable lease (4 years to run)


Proven market demand with enormous expansion potential

– The business operates solely on a business-to-business basis, working either directly with hotel/pub chains or with established building contractors.

– With a portfolio of highly loyal clients almost all business is repeat business won through existing contacts. Typically the business has 25 live projects at any one time.

– The business carries out almost no advertising, leaving enormous potential to develop the business and increase sales.

– Situated in East London with little local competition, the company is well placed to take advantage of the new development opportunities offered through the Olympics construction projects and for servicing clients in the South of England.

– Other sectors that are currently not exploited include office refurbishments and residential development sites.

– The company has a good level of staffing and financial management systems in place. As such the business is not dependent on the vendor and offers the buyer an ideal platform from which to expand.


Highly profitable business model

Turnover: £1,734,000
Gross Profit: £560,000(32%)
Net Profit before Tax: £147,000 (8%)
Net Profit before Tax + Directors takings (excl. dividends): £210,000 (12%)
Dividends: £47,000 (3%)

Asking price: £590,000 + Cash in hand + Stock
Sale via share transfer

Property information

Property:

Leasehold

Lease terms:

5 year renewable lease (4 years to run)

Location:

The premises are brand new and located on a gated industrial business park, which is managed by an estate management company and surveyed 24 hours per day by security cameras.

Other information

Support & training:

The vendor is willing to stay with the business for a handover period subject to terms to be agreed.

Reasons for selling:

Retirement

Trading hours:

8am to 4.30pm Monday to Friday

Related documents:

• 
• Business Summary

• 
• NDA / Confidentiality Undertaking