Highly Rated Flooring Business For Sale in City of London, Great Growth Potential
City of London, London
- Status
FOR SALE
- Date Submitted:
05/03/24
- Advert ID
607815
- Reference
B07872 / Rightbiz
- Call Agent:
- Leasehold: £249,995
- Turnover: £420,000 (£8,077 Per week)
- Net Profit: £145,600 (35% Profit margin)
Business Details
Highly Rated Flooring Business For Sale
BusinessPlease quote reference B07872
CoGoGo welcomes to the market FM Flooring & Furnishings Ltd T/A Flooring Merchant, a highly rated flooring shop in the Archway area of North London.
The business was originally established by our client over 20 years ago, building an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is well respected within the industry.
Flooring Merchant has now come to the market due to our clients desire to move on.
At Flooring Merchants, they provide a complete service that makes upgrading your home or workspace hassle-free. From choosing and measuring up to fitting, they help at every step of the process.
Flooring Merchant is your trusted choice for all your flooring needs. Their ranges is always expanding to help fulfil customer’s requirements.
Current flooring options include -
- Carpets
- Wood
- Vinyl
- Laminate
- Luxury Vinyl
- Tiling
- Rugs
- Underlay
- Well established
- Good reputation
- Handover offered
- Scope for expansion
- Increase advertising and marketing
- Expand trading hours
- Introduce an online shop/e-commerce section on their website
Location
Flooring Merchant is located on Holloway Road in North London.
Due to its location and position on the high street, its regular seen by passing trade and receives high levels of footfall.
Premises
Ground floor -
- Showroom
- Open place space
- Storage and WC to the rear
Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 10 year lease. The rent is £1,300 per month.
Hours
The current trading hours are -
Monday - 10:00am - 2:30pm
Tuesday to Thursday - 10:30am - 6:00pm
Friday - 10:30am - 2:30pm
Saturday - 10:00am - 5:00pm
Sunday - Closed
Staff
We are advised that the business has 11 members of staff.
Financial Profile
We are advised that the business generates a turnover in the region of £420,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.'.
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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.
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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.
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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
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