Profitable Freehold Flooring Specialist Business in West Midlands for Sale
Undisclosed, West Midlands
- Status
FOR SALE
- Date Submitted:
25/04/24
- Advert ID
610409
- Reference
1766TRB / Rightbiz
- Call Agent:
- Freehold: £650,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Freehold Established Flooring Specialist West Mids
The Business Partnership are excited to be marketing for sale this long established and highly profitable flooring specialist based in the West Midlands.The business supplies a full range of flooring to commercial and domestic clients throughout the Midlands region.
In addition the business supplies full bedroom furniture with showroom.
A wide ranging and loyal client base is included in the sale.
Turn-over for financial year end 31 Jan24 is £832k providing Gross Profit of £374k and Adjusted Net Profit in excess of £139k.
Recent years have shown consistent sales, averaging £901k.
The freehold of one of the units is included in the sale and valued at £725k (less outstanding mortgage of just below £310k). Net Asset Value is estimated at £529k.
The second unit is held on a short term lease at annual rent of £19,000.
The business is operated by the owner with the valuable assistance of a loyal team of 6 staff. The owner is willing to stay on for an extended hand-over period, subject to negotiation.
For further information please click through or contact The Business Partnership Birmingham office directly.
Established since 1999 - Highly Profitable Business
Highly Respected Brand in the Region
Also Supply Full Bedroom Furniture
£900k T/O to a Loyal Domestic & Commercial Client Base
Wide Product Range including Carpet, LVT, Laminate, Safety, Engineered Wood
Immaculately Present Carpet and Bedroom Showroom
Freehold Premises Valued at £750k (mortgage £315k outstanding)
Net Asset Value £547k
Loyal & Professional Team of Staff
Owner will Provide a Negotiable Extended Hand-Over Period
Contact Agent
Listing Statistics
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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.
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