Retirement Sale: Thriving Flooring Business with £1M Turnover in Ayr South Ayrshire for £850K
Ayr, South Ayrshire
- Status
FOR SALE
- Date Submitted:
29/03/23
- Advert ID
510851
- Reference
R&S Sillars / Rightbiz
- Call Agent:
- Freehold: £750,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Retirement Sale
- Established Business
- High Turnover
- Owner Financed
- With Car Park
Business Details
Due to retirement a fantastic opportunity has arisen to purchase a thriving flooring business.
**OWNER FINANCE CONSIDERED**
Due to retirement a fantastic opportunity has arisen to purchase a thriving, family run flooring business based in the heart of Ayrshire, Scotland. Established over 35 years by the current owner the business demonstrates substantial year on year growth. It benefits greatly from repeat local business and word of mouth and has a turnover in excess of £1,000,000.
Established flooring business
Family run business
Excellent location to service clients throughout Ayrshire and beyond
Turnover in excess of £1,000,000
Easily managed business
Ideal acquisition for existing business looking to expand.
Freehold – 408sq m building
Vehicles included x 3
Offers in the region of £750,000
Situation
The business is located within a popular residential area of Ayr. Ayr is town located in the West of Scotland and offers a comprehensive range of excellent services including restaurants, shopping, supermarkets, and a private co-educational school. The town benefits from a wealth of public parks, good path networks and wide sandy beaches on the Firth of Clyde coast. There are frequent train services to Glasgow and beyond. Prestwick Airport, with a comprehensive schedule of international flights, is about 10 miles. Glasgow itself is easily accessible via the A/M77.
Business
The business is run by the owners with the assistance of 1.5 full time members of shop staff and 2 full time fitters. The business has evolved over the years to supply bespoke flooring and carpet solutions to a range of private and commercial clients.
The business provides all types of flooring and carpets for homes and businesses across Ayrshire and beyond. From the initial consultation within the showroom, through to measuring and installation, they provide an outstanding quality of service that is second-to-none. The team have the experience and expertise to advise and guide customers to make the correct choice when it comes to picking the right flooring/carpets to suit their needs. The showroom boasts a large flooring and carpet collection, with products from some of the industry's biggest names.
There is a great opportunity for new owners to expand the business in several different directions. This could be either through the introduction of new products ranges, expanding the sales team and area, and creating a digital presence which is something the current owners have never had to do as they have relied on word of mouth and reputation to maintain strong repeat business. In addition, the purchase of R & S Sillars Flooring Ltd would make an ideal acquisition for an existing flooring/carpeting or trade business looking to expand and diversify.
Property
Visitors can gain access from the yard/car park to the large showroom which is immaculately presented throughout. At the front of the showroom there is an office and to the rear storage and WC. A staircase leads to the first floor which is currently used for additional storage.
The ground floor is approximately 408 sq m. The building has been exceptionally well maintained.
There is access at the front to the car park/loading area.
External
The subjects benefit from prominent roadside frontage, located within a popular residential area of Ayr. There is a car park at the front of the property that has space for around 8 vehicles.
Services
The property has mains services connected.
Tenure
The property is held on the Scottish equivalent of freehold.
Trading Figures
Full trading information will be provided after formal viewing has taken place.
Price
An asking price of £750,000 is sought for the freehold business, fixtures, fittings and goodwill and stock.
Summary
This is a unique opportunity to purchase a well-run, highly profitable, and easily managed flooring business in a great location. It makes an ideal purchase for someone looking to establish themselves in the flooring industry or for an existing operator looking to expand. Viewing is highly recommended to appreciate all that is included in the sale.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
