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Wed, May 22 2024 10:10:20 AM  |  /

Specialist Flooring Supplier Exhibitions, Contract & Retail

Business Id:000269     |    Reference: AG146
Leasehold Price:
£700,000.00
Business Description

Specialist Flooring Supplier
Exhibitions, Contract & Retail
Ref. AG146
Location : South Wales
Asking Price : £700,000

The essential character of this business is illustrated in the novel way that its commercial, business to business activities in supplying and fitting exhibition and contract flooring is combined with its retail activities through its freehold premises on a busy and popular trading estate near one of South Wales best known Cities.

This format has remained unchanged since 1985 and has proven to be both highly profitable and sustainable as a business model; the business continues today as it always has, following this reliable format.

The business has benefitted from much investment by the current owner and is a testament to the positive financial outlook for the company, which is limited only by the owners’ desire to grow and diversify.

Equipment:

Customer Service:

Whilst competing in the market with some major retailers in carpets and floor coverings, the company has carved out and developed a niche with loyal local customers and retails its products in a welcoming showroom environment within the larger part of the business’ commercial operations. This is not only due to the custom nature of the company’s products but also competitive pricing and a focus on sourcing key quality products, of the widest possible variety that are used in the final customized fitting, along with friendly, knowledgeable and professional service at all times.

• Reputation – Niche, well known and respected in the industry
• Product quality – Product integrity paramount at the highest levels of performance
• Variety – Widest selection of floor coverings available
• Marketing & advertising – The business is very sophisticated in its use of promotional activities to drive
• Costs control – No stone is left unturned in the quest for control over costs and the elimination of waste
Critically the marketing and reputation are responsible for maintaining goodwill, driving referrals, repeat custom and new sales.

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

Year End 2020 Turnover circa £790,000

Year End 2020 Gross Profit circa £508,000

Average recent 3 year adjusted EBITDA circa £204,000

Net Assets circa £520,000 (inc. freehold, stock, vehicles, equipment)

V

The Asking Price of £700,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of c£506,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £506,000 at completion.

Tthe larger part of the business which is exhibition floorcoverings, the business takes advertising space in well known and well subscribed to, trade magazines.

The business operates very much within the scope of the vendors’ self-imposed limits and could grow rapidly by expanding the business reputation into a better known brand by means of a determined investment in marketing, advertising, and typical brand building techniques.

 

Premises:

The premises benefit from a comprehensive security system with alarm and CCTV cameras protecting people, premises and goods within the estate.

Business Hours:

Saturday:10:00am – 4:00pm

The vendor is responsible for day to day running of the business and is ably assisted by a team of eight full time and two part time employees:

 

5x Carpet/Flooring fitters
1x Retail Sales Manager
Support and Training:

Reason for Sale:

Looking for finance ?

 

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

 
Business Information
Turnover:£790,000.00 Annually
Property Status:   Leasehold
Leasehold Term: Annual rates are circa £9,000.00 per annum.
Is this business relocatable: No
Business Sector: Construction businesses, Flooring Businesses, Building Services, Home & Garden Services
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: na
Key strengths: na
Key Opportunities: na
Financial performance: na
Asking Price: na
Advertising and Marketing: na
Growth and Expansion: na
Premises: na
Business Hours: na
Employees: na
Support and Training: na

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