Asking price: £2,500,000

Sales revenue: £933,333

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are delighted to offer to the market this extremely well established contract flooring company, which has been trading successfully for the past 10 years.

The current vendor has been in ownership since its inception. The owner is reluctantly selling due to impending retirement.

Our client has achieved an enviable customer base by doing the job correctly, on time and within quotation. He has on many occasions been called upon to correct other people’s jobs, which came in cheaper than his quote, but were flawed in their execution.

The company is a member of construction line, also the contract flooring association as well as the federation of small businesses It is also a member of ‘dot gov’ for new government contracts, as well as the ‘CHAS’ (accredited health and safety).
The company is over half way through ISO 1809001 and 1801401 certification.

The company has been the major provider and fitters to Warwick University for the past eleven years. They are allowed a container on site for floor covering stocks as they are there two or three times every week.

They have just started a four year contract with Birmingham University and have worked with Stafford Council for the past 2½ years, fitting nine kitchens and 9nine bathrooms regularly each week. Work with Warwick education is on going, refit 20/30 units for Circute Laundries each year and are now working with a growing hotel group.

Over the years they have fitted out the main offices of Mazak and also the Princes Trust Royal College offices in Bristol, as well as the DHL offices in Bristol.

Their in depth knowledge of fittings enables them to know exactly which product is best suited to their clients flooring needs. They have a very strong rapport with their main suppliers (Polyfloor, Gerfloor, Karndean, Marley, Rhino Floor and Altro) which gives them a distinct advantage over their competitors.

The company can offer a multitude of floor coverings from safety flooring in sports centre, hotels, universities, night clubs, shop floors, disabled facilities and many more, to wood flooring including floor sealing, screed levelling to carpet fitting using traditional skills and modern methods to minimise disruption and inconvenience to both businesses and customers.

The company also offers computer aided flooring design to produce for example ‘border work’.

The company has 3 large vans on the road and one Hi Lux Toyota VIG for client visits.

The business is staffed by four full time employees in the office, six full time layers and the owner as well as up to fifteen part timers as required and selected sub contractors.

We are advised that stock at cost is approximately £50,000.

The company has its own web site.

The company has a very high turn over, which is increasing year by year with good gross profits and excellent net profits and it is accredited from its manufacturers.

The freehold building is a 259 sq mt warehouse with upper office mezzanine; a second storage warehouse is on the same estate and is rented.

REF: 8997DY

Trading hours: Mon-Fri: 8.00am – 2.00pm, Sat: 8.30am – 1.00pm

Property: Freehold

Lease terms
TENURE: Freehold We are advised that the annual business rates are currently: £8,500 both warehouses

Location
Our client is conveniently located in Worcestershire, on an industrial estate just outside one of the counties most important towns.

The town has both rail motorway links, giving the business access to its customer base, which is mainly in Birmingham and the Black Country.

Financing available
Please let us know if you require finance for the purchase of a business,

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