Asking price: £125,000

Sales revenue: £431,000

Net profit: £100,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to offer to the market this very well established and profitable upper end floor covering business.

Founded by our client over 6 years ago, the business is only now being offered for sale to enable him to pursue and develop an alternative and unrelated business opportunity.

The business offers a broad range of flooring which include carpets, wood, stone and premium vinyls.

They have exclusive rights to many of the premium branded products offered in the showroom such as Berg and Berg and Crucial trading, Roger Oates, Bronte Original Parquet, Jacaranda, Weston and Dalsouple. Floor tiles made from marble, limestone, , and even Porcelain have all been supplied in the past.
The business is also an approved Amtico showroom.

Majority of the purchases are done directly with the manufacturers such as Berg & Berg and Uzin, an advantage over other retailers who have to purchase via a wholesaler.

Due to high purchase volumes, some suppliers have given higher than normal discounts, hence allowing high profit margins.

The business works alongside recommended independent fitters, each a specialist in a particular flooring type.
They are local, carefully selected tradesmen who offer excellent workmanship and service levels.

Each fitter carries out their own measuring, and the customers pay them directly.

It has a wide client base covering North Oxfordshire, South Warwickshire, South East Northamptonshire & East Gloucestershire, and with its excellent database of over 1800 customers, generates many repeat sales.

There has been relatively little marketing due to its excellent local reputation. Most of its customers are from recommendations, and it is firmly established as the local market leader in its target sector

The showroom has recently undergone a £50,000 extensive refurbishment with bespoke interiors.

Despite the current economic climate, our client’s business has proved resilient, and with the respect and reputation, along with little direct competitor, it can only grow further.

This is a superb lifestyle business, which can be run by someone with no previous market experience. A full hand over period will be given to ensure a successful transition.

We are advised that stock, which is kept to a minimum, is approx £15,000
REF: 9237OX

The price has been reduced for a quick sale as the vendor would like to persue an alternative opportunity.

Trading hours: Tues – Sat: 9.30am – 5.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 5 years Remaining lease: 3.5 years Review every: 5 years Rent: £19,500 P.A. We are advised that the annual business rates are currently: £5,000

Location
Our client has an excellent retail outlet in an attractive and affluent area on the edge of Banbury town centre and adjacent to the public car park. It is situated on a busy road in a parade of complimentary businesses such as estate agents, solicitors, accountants, restaurants and has a private school nearby, these all contribute in attracting the higher end type of client, which has been the main focus of customers over the years.

The business also rents a small warehouse in a local village approximately 4 miles from the store, this provides a superb storage and handling facility from suppliers and installers alike.

Expansion potential
does however still offer excellent scope to increase turnover and profitability further by: 1. Increasing the area covered beyond Banbury and the surrounding villages 2. Open the store for 6 days a week rather than the current 5. 3. Open a satellite store in another county 4. Looking into the commercial sector, an area that is of growth and needs exploiting.

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