Upmarket Carpet & Flooring Business | | Undisclosed Buckinghamshire | | BUCKINGHAMSHIRE UPMARKET CARPET AND FLOORING BUSINESS Extremely well established business which has been trading for over 8 years A/T: £149,051, N/P £34,200 L/H: £95,000 + SAV REF: 1220MK | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69446
ADVERT IMPRESSIONS : 11,992 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Carpet & Flooring | | SALE: | Agent Sale | LEASEHOLD: | £95,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is situated on a parade of other complementary businesses who all contribute in attracting large footfall levels to this popular market town in Buckinghamshire.
Car park opposite the shop, which is free of charge for 2 hours
HISTORY
The business was founded by the vendor over 8 years ago, during which time he has built it up and now has many repeat and referral clients on a regular basis
REASON FOR SALE
The business is only now being reluctantly offered for sale as the vendor is suffering from ill health
PRODUCTS
The business has an extensive display of carpet samples from which any prospective customer can choose
In addition, they also offer natural wood floors, laminated floors, vinyls, Amtico, Karndean and safety flooring
The products are considered to be mid to top end range
SERVICES
All soft flooring which is fitted is sub-contracted to a fitting team who actually charge the customers, thus saving them the VAT element
All hard flooring is fitted by the vendor with the assistance of his son
CUSTOMERS
Approximately 90% of all sales are to general retail clients, the majority being within a circa 25 mile radius of the premises
STAFF
The vendor works full time in the business and also has 3 part time staff who each work for approximately 21 hours per week
2 of the part time staff work in the showroom and the other assists with fitting
TRADING HOURS
Weekdays 10am to 5pm
Saturday: 10am to 4pm
Closed on Sundays
FINANCIALS
2011 2010 2009
Sales 149,051 110,695 96,786
Gross 81,798 61,946 56,336
Net 34,200 29,273 27,412
Stock holding £1,000
The vendor is prepared to work with a new owner to ensure a smooth hand over and to give the necessary introductions to staff
PREMISES
The ground floor lock up premises are extremely well presented throughout and briefly comprise:
o High visibility corner plot with a dual aspect
o Corner entry door into the show room, parquet flooring on entry
o Side carpet sample displays
o Centre carpet lantern
o Hard flooring on toast rack display
o Rear kitchen
o W/C and extra storage
STRENGTHS
A very well established business which has been trading for over 8 years
Recently refurbished showroom, which is excellently presented throughout
High visibility corner plot location on a busy arterial road
Very good local reputation with a high repeat and referral trade
A low overhead business, in particular, rent and rates which are only £6,580 per annum for them both combined
SCOPE
This is already a very successful business, it does however, still offer excellent potential to increase both sales and profits in the future by:
1. Branch into commercial market
2. Offer restoration and re sanding of wood floors
3. Insurance work
4. Offer carpet cleaning service
5. Have full e commerce site
6. Offer sales of laminated flooring on the web
TENURE
Leasehold
Original Lease: 5 years
Remaining lease: 3 years
Review every: 5 years
Rent: £6,000 per annum
Rates: £580 per annum
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1220MK / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
