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BUSINESS REFERENCE : AG058 / RightBiz EAST MIDLANDS - £525,000 - RETAIL & INSTALLATION OF QUALITY CARPET, WOOD & VINYL FLOORING | | | | | | Retail & Installation of Quality Carpet, Wood & Vinyl Flooring Confidentially offered for sale Ref No:AG058 Location: East Midlands Asking price: £525,000 Plus SAV | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Carpet Sales | | SALE: | Agent Sale | LEASEHOLD: | £525000 | | | | | | | | | | | BUSINESS DETAILS: | This family run business established 30years ago has an excellent reputation for selling quality carpets, flooring, curtains and soft furnishings. The Company is part of a large national buying group and undertakes insurance work from all the major insurers through a national contract. The business provides a massive potential for new owners to expand this already profitable business with confidence and further maximise sales and profitability.
Specialising in the supply of carpets, all forms of hard floor woods etc, soft furnishings, curtains and upholstery fabrics, the store also has a well stocked rug department.
Operating from an excellent prime retail location on a main shopping high street, the double fronted showroom is fully fitted and well stocked with excellent displays.
The business is renowned for its personal service and has an established, well-deserved reputation.
This is a solid business with a loyal clientele, including both domestic and contract customers. There is good potential with not only with the existing clients, but in acquiring additional business in all areas.
This is a local operation with many avenues for expansion. The business employ their own fitters for installation, contracting out excess work to reputable local carpet fitters. The current owners have always provided personal service and take great care of their customers. If you want an exciting business with cash flow, customer base and income, you need to take a close look at this one.
This is a very solid business, with no debt and low overheads. The business is committed to employing qualified, experienced staff and to ensure installation standards are of high standard.
Customer Service:
· Excellent value for money
· Punctual delivery
· Flexible to the needs of the clients
· The business guarantees quality and satisfaction
· Top class fitting service
· Excellent follow up service
· Free advice and consultancy, measuring and patterns service
Key Strengths:
· Excellent reputation for quality products and services
· Insurance work undertaken
· Experienced fitters
· Wide variety of top quality carpets, roll stock ,remnants& floorings to choose from
· Prime high street location
· High quality fitting service
· Excellent relationship with suppliers enables business to offer best price
Growth and Expansion:
· Growth and Expansion can be achieved by the following
· Putting representatives on the road and expanding the catchments area, particularly within the contract sector
· Further expansion of insurance replacement work
· Providing a sales telephone team
· Setting up a subsidiary carpet cleaning business, the data base for this is already in place
This company has achieved an excellent reputation for quality products and service with a recognised business name. Consistent growth will be achieved by building on this success.
Key Opportunities:
· Excellent opportunity for further advertising and assertive marketing
· Strong demand to expand the business
· Opportunity to design and implement a website for quoting and ordering purposes
· Capitalise on the substantial new house build program within the immediate catchment area of the business
· Excellent support from surrounding local businesses
· Excellent opportunity to increase roll end sales
Employees:
The business currently employs 2 owner operators, 3 sales personnel, 3 fitters and one consultant.
Advertising and Marketing:
The business has built up an extensive advertising base and has taken advantage of the local press advertising their services and high quality products.
Premises:
The business is located on a prime high street location on a circa 0. 4 acre site, there is ample parking available on site for customers, along with easy on road parking immediately outside the store.
The business operates from a large double fronted showroom with excellent signage. The premises are well laid out with show room and back offices approximately 7,5000 sq ft with an additional warehouse unit approx 2,000 sq ft There is a strong possibility that there is room for expansion on the premises.
Financial Information:
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.
The current turnover is in excess of £1 Million per annum with a gross profit of circa £358,000. The asking price includes all fixtures and fittings including a company fleet of four vans.
The Property:
The property is currently held on a 10 year lease expiring on 1st December 2007 at a rental of £24,000 per annum. The property owners are willing to negotiate a suitable new lease to prospective purchasers and would also consider selling the freehold.
Reason for Sale:
A stage has been reached where the owner wishes to retire and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential.
Support and Training:
The owners will be happy to assist with the hand over and the training if required. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AG058 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
