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BUSINESS REFERENCE : GB078 / RightBiz NATIONWIDE FLOORING COMPANY SUPPLY, FIT & MAINTENANCE SPECIALISTS | | | | | | Nationwide Flooring Company Supply, Fit & Maintenance Specialists Predominantly Commercial Confidentially offered for sale Ref No: GB078 Location: Cheshire Asking price: £185,000 plus stock at valuation | | | BUSINESS LOCATION: | Undisclosed Cheshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £185000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
With many years combined experience in the supply installation and ongoing maintenance of flooring products this well established business has built up a superb reputation within the industry for providing high quality levels of product and service to both the commercial and domestic markets it serves so well.
The business, established some 18 years ago, has a wealth of experience and knowledge making it an obvious choice for people requiring the highest of standards in this specialist field of carpets, upholstery and other floor coverings. Only by experiencing the services of this company in carpet supply or carpet maintenance, carpet cleaning and carpet repair or carpet replacement, will make you realise just how good the standards in attention to detail, efficient work schedules and competitive pricing really are.
The business offers a broad range of flooring products from market leading manufacturers. Its range includes:
· Hard Floors-Wooden floors, laminate floors, vinyl tiles and safety flooring are all supplied and installed in one turnkey solution. Quality ranges from Heavy Contract to Light Domestic, samples are available from the showroom or by appointment.
· Soft Floor Coverings- Choosing a carpet is very much an individual matter. The business provides expert advice to ensure the customer buys the carpet which is right for them and their circumstances, whether it be commercial or domestic. Each client has different needs and expectations of wear comfort and appearance retention. Because of this the business can provide over 2000 designs, colours and textures, for installation in the domestic light or heavy contract locations.
But its not only new floors. The business also specialises in the repair and maintenance of existing floors, cleaning and repair are all part of this business’s range of services.
Cleaning a carpet and upholstery at regular intervals rather than waiting until it is heavily soiled has a number of definite advantages.With regular maintenance, carpet and upholstery life is increased by 50% and so is a return on your initial investment. Properly maintained carpets and furnishings enhance the appearance of interiors and raise the productivity of those working there.
Since proper maintenance prolongs the life of your carpet, upholstery and carpet tiles, it makes sense to plan a regular programme of maintenance from the time of installation. A planned maintenance programme should take into account the likely nature and level of soiling, as well as the practicalities and costs of cleaning carpets and upholstery. The business develops such schedules with its clients to ensure effective upkeep and performance.
Carpet Repairs-Thousands of times a day somebody spills something. Sometimes, inexperienced attempts to clear up the damage can make the job worse. Certainly, it's possible to wipe up, superficially make good the damage, but if that stain is left, the damage can grow until it's a case of replacement.
The same goes with wear damage, particulary in the area of carpet seaming. Hundreds, thousands of feet crossing a seam will eventually cause that seam to go and become a danger to those people crossing it. Act fast, and the damage, spot or stain can be removed, prolonging the life of your carpet and ensuring that it retains it's good looks.
Years of experience in damage repair and correct use of the many specialist chemicals required for professional spot and stain removal ensures this company effectively manages such repairs.
Experienced tradesmen perform all the design and installation work, and the product carries the manufacturers guarantee coupled with the business’s own knowledge. The company guarantees all of the fitting.
At present the majoirty of work is commercial (80%) with the remaining 20% being attributed to domestic work. Of this about two thirds of the turnover comes from flooring sales with the remaining third being contract floor cleaning services mainly to the commercial sector. The business has some very high profile commercial clients who have been with the business since inception work and represent excellent ongoing revenue streams to a new owner.
Equipment:
The business is equipped with all the necessary plant and equipment to carry out its services including carpet cleaning equipment, tools and saws not to mention a Transit van and long wheel based Iveco. All equipment is included within the sale price.
Customer Service:
With a wealth of experience in specifying floor coverings of all types, the kind of advice you can expect is of the highest quality. This company’s knowledge of the business ensures that client’s budgets will be admirably spent, seeking the most cost-effective solution, a solution that can, and must, satisfy all criteria. From the widest possible range, even your own unique patterns, the satisfaction of selection can only be surpassed by the joy of seeing the final installation.
This level of satisfaction is fuelled by the highest quality of products being sourced, trusted and highly trained and qualified fitters being used and a wealth of experience and advice to call upon. This is further backed up by the following accreditations the business enjoys:
· National Carpet Cleaners Association (Former Official Trainer)
· Woolsafe Approved Certified Operator
· Carpet Foundation Membership
Key Strengths:
· Service Levels
· Reputation
· Highly trained and qualified craftsmen
· Accreditations
· Referrals and repeat business levels (over 40 regular clients)
· Blue Chip Customer Base
· Pipeline of future work
· Control Of Works/Maintenance Programmes
Growth and Expansion:
This business has built up an extensive base of satisfied customers who appreciate the company’s methodical and detailed approach to business. There are many excellent avenues for growth, especially within further geographic coverage and a more proactive approach to sales and marketing. Market forecasts all point to ongoing and significant growth and development in this highly lucrative market and this business is ideally positioned to benefit from that.
Key Opportunities:
As already mentioned the business could benefit from some new sales and marketing strategies to further promote its services to both its existing customers and beyond. This would also be supported further though some minimal investment in technology so they can actively develop their impressive database of customers, both historical and existing. A new owner with some new sales initiatives, drive and energy could easily expand the customer base and sales mix of the business to significantly increase future revenues.
The business also holds the North West Agency for a market leading cleaning chemical company but to date has not really promoted this opportunity which represents a new potential revenue stream.
Employees:
The vendor is involved full time in all aspects of the current operation and is supported by his wife who works on a part time basis carrying out the accounting, health and safety and some sales work. In addition to this the business employs a full time office administrator and two .full time installation engineers. The business also utilises a pool of experienced part-time cleaning operatives as required.
Advertising and Marketing:
The company has developed a comprehensive and well designed website that allows clients to browse products and services securely online. This is also backed up by the various brochures and point of sale literature supplied by the leading manufacturers it represents so well. These are inserted into the company folder and supplied to customers on request.
The business does not undertake any traditional forms of advertising as it does not feel the need to do so. A large percentage of clients derive from recommendations and the business enjoys very impressive levels or referrals and repeat business, bearing testimony to the excellent reputation the business has earned since inception.
Premises:
The business is located within an old mill has been converted to provide multi-occupancy commercial premises. The unit comprises some 300 square metres and is made up of a well fitted out showroom (circa 55 square metres) and three offices (circa 47 square metres) situated on the ground floor. The basement is then divided between a works area, which is used for cleaning, cutting and drying of carpets/ rugs/ vinyl etc and a storage area of some 190 square metres. There are toilets within this basement area.
Current rent is £5200p.a. Rates are £9700p.a.. The premises are leasehold with 5 years remaining.
Business Hours:
Showroom/Offices Monday to Friday 09.00-17.00
Saturday by appointment (generally Retail)
Fitting and cleaning teams work on site as required.
Security:
The premises are fully secure with full alarm and intruder system. There is also an on-site security patrol for this multi-occupancy building.
Reason for Sale:
Ill health
Support and Training
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to new owners. They may also consider staying on within the business in for an agreed period should a new owner require subject to negotiation
Financial Information:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The Company currently enjoys an average annual turnover of circa £350,000 per annum with excellent profit margins as you would expect from this line of business. Gross Profits are in the excess of 60%. Net Profit for the last few years averages out at circa £50,000 per annum. Stock levels are relatively low which is testament to the superb supplier relationships the business enjoys. Current stock figures are in the region of £6000. The showroom is well stocked and has a good range of displays and information available. All fixtures and fittings and plant and equipment are included within the sales price. With very low overheads and running costs such profits will prove extremely attractive to a new owner | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GB078 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
