Asking price: £249,000

Sales revenue: £500,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to offer to the market this very well established and profitable wooden flooring specialist with excellent future potential.

Founded over seven years ago by our clients, the business is only now being offered fort sale to enable them to follow an unrelated alternative business venture.

The business has a huge selection of different flooring options from basic floorboards to mosaic panels, parquet blocks, herringbone, pre-finished, un-finished, medici and pre-designed. All can be in different wood types such as Oak, Walnut, Cherry.

Various different borders are also available together with a comprehensive range of accessories to ensure the product is maintained correctly in the future.

For the more luxurious homes, they appoint a designer to prepare a unique floor to suit the client’s personal style and requirement.

They supply a network of retailers, construction companies, interior designers as well as their own direct clients.

Sales are nationwide and are split approx 75% flooring and 25% accessories amount to approx £500,000 per annum.

Fittings are conducted within a 60 mile radius of the depot in Hertfordshire.

Product is sourced direct from a mill, based in Bulgaria, who have 50% share of the business.
They also deal with the paperwork, book keeping and on line enquiries at a low cost.

There is also an interactive website with the facility to buy on line.

They also have three self employed experienced contractors full time and the vendor.

We are advised that stock at cost is approx £180,000.

Our client is prepared to work with a new owner for a period of time to effect the necessary introductions to customers and staff.
A quick sale is required.
REF: 9155WD

Employees: They also have three self employed experienced contractors full time and the vendor.

Trading hours: As required by customers

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: New lease to be negotiated Remaining lease: Review every: Rent: £12,000 P.A. We are advised that the annual business rates are currently: £1,000

Location
The business has a good location as it rents a substantial converted farm building situated just a few miles off the M25 motorway in Hertfordshire.

The surrounding area is predominantly residential, although the view is very rural. The business has plenty of parking and there is no shortage of space.

Nearby towns include Hemel Hempstead, Kings Langley and Watford.

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