Asking price: £330,000

Sales revenue: £806,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
With 20 years experience in the retail and installation of carpets and flooring products this well established business specialises in the supply and fit of high quality flooring solutions to in the main, the domestic market place. Only the best quality suppliers are represented by this business such is its customer focus. These include a very wide range including all types of carpets, laminates, ldv(i.e.Amtico/Karndean), safety flooring and border work etc from all major suppliers and from the worlds most respected manufacturers including:

• Brintons Karndean
• Amtico Woodward Grosvenor
• Axmisnter of Devon Ulster Carpets
• Adams Westex

The business also offers roll-ends at discounted prices which are always popular.Experienced tradesmen perform all the installation work, and the product carries the manufacturers guarantee coupled with the business’s own knowledge. The company guarantees all of the fittings which comply with NICF standards.

The business is ideally located on a busy main road next to the town centre with a free car park to the rear. It is on a main thoroughfare and has circa 90 feet of shop frontage to advertise its wares. The frontage is fully lit up of an evening to further enhance its position.

At present the majoirty of work is retail/domestic but the business has also undertaken some commercial work, an area which represents huge growth opportunties for a new owner.

Equipment:

All fixtures and fittings are included within the sales price including all displays, samples and two delivery vehciles (Vauxhall Combi Vans). This includes individual Karndean showroom, Brintons showroom , Amtico showroom and Rug showroom.

Customer Service:

The company is highly customer focused and as such has its own Code Of Practice .It strives to please every customer by providing quality floor products and craftsmanship for every installation. This includes professional and honest advice. Because of this the business enjoys high levels of repeat business from a loyal client base (including third generation family customers!). The business also offers customers the choice of finance(0% in many cases) or credit card payment.

This approach to customer service is why the company has been very careful in its choice of partners it works with, all of whom are market leaders and respected within the industry. This is further backed up by the NICF accreditation the business enjoys.(National Institute Of Carpet Fitters).


Key Strengths:

• Quality of showroom in terms of fit –out , superb layout and products
• Reputation and historical market presence
• Accreditations (book full)
• Supply Agreements
• Unique offerings
• Stock
• Pipeline of future work(inc council, regular contracts, SSAFFA, Ind Insp)
• Market awareness
• Location. As the business is located within a multi-occupancy building with other companies who provide complimentary products (furniture, beds, curtains etc) it enjoys very high levels of footfall and passing trade.
• Personal service. Each salesman deals with every aspect of a customer order from start to finish including enquiry, measurement, fitting and aftercare.

Financial Information:

The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The Company currently enjoys an average annual turnover of circa £806,000 per annum with excellent profit margins as you would expect from this line of business. Gross Profits are circa £110,000. Stock levels are relatively low which is testament to the superb supplier relationships the business enjoys. The showroom is superbly fitted out as you would expect from such a quality brand retailer. All fixtures and fittings are included within the sale price. With very low overheads and running costs such profits will prove extremely attractive to a new owner.

Employees: The vendor is involved full time in all aspects of the current operation and is supported by a hard working an loyal team of staff, both part time and full time. This includes a manager, an assistant manager, two part time sales staff and two warehouse staff.

Trading hours: Showroom Monday to Saturday 09.00-17.00 Showroom Sunday 11.00-16.00 Fitting teams have regular fitting days.

Property: Leasehold

Lease terms
The entire premises themselves represents an excellent investment opportunity to a new owner with the other tenants providing circa £40,000 p.a. in rents including overheads.

Location
The business is located within multi-occupancy retail premises. Total floor space is circa 4100 square feet including on site warehouse. It has excellent shop frontage and is positioned on a very busy retail thoroughfare next to the town centre. The vendor owns the building and would be happy to set up a new lease subject to negotiation. He may also consider selling the freehold of the entire building the business resides in(circa 10,000 square feet, circa £500,000) should a new owner so require. The entire premises themselves represents an excellent investment opportunity to a new owner with the other tenants providing circa £40,000 p.a. in rents including overheads.

Expansion potential
This business maintains an extensive base of satisfied customers who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially within further geographic coverage, operations capacity and market forecasts which all point to ongoing and significant growth and development in this highly lucrative market. With the pedigree of supply the business has established it has very little local competition within the large densely populated town it serves. The key accounts it holds gives this business kudos and a niche position in the market.

Competition / Market
The company has developed a comprehensive and well designed website that allows clients to browse products and services securely online. This is also backed up by the various brochures and point of sale literature supplied by the leading manufacturers it represents so well. The business does undertake advertising locally on a weekly basis. A large percentage of clients derive from recommendations and the business enjoys very impressive levels or referrals and repeat business, bearing testimony to the excellent reputation the business has earned since inception. This is further demonstrated by the many testimonials and thank you letters the business holds on file.

Support & training
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners. As part of this he is prepared to work for a 3 month period free of charge.

Reasons for selling
The current owner wishes to pursue other business interests.