Kent Based, Well-Established Domestic & Commercial Flooring Business for Sale
Undisclosed, Kent
- Status
FOR SALE
- Date Submitted:
17/03/24
- Advert ID
608352
- Reference
N960 / Rightbiz
- Call Agent:
- Leasehold: £255,000 (Stock at valuation)
- Rent: £25,000
- Turnover: £1,022,734 (£19,668 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Retirement Sale
- Accounts Available
- Fully Fitted
- Offers Invited
- Established Business
- Adjacent to Multiple Retailers
Business Details
WELL ESTABLISHED DOMESTIC & COMMERCIAL FLOORING BUSINESS
SUBSTANTIAL RETAIL PREMISES WAREHOUSE - ESTABLISHED 1993 - RETIREMENT SALE - HUGE POTENTIAL FOR MORE COMMERCIAL AND CONTRACT WORK - TURNOVER £1,022,734 (2023)
Location
Details available to serious applicants only
Business
The business is very well established, having been in the present hands for 28 years and is now only being marketed as a result of the Directors wish to retire. Tremendous potential exist for the introduction of more commercial and contract work which should increase turnover by a further £400,000 P.A.
Turnover
Accounts for the year end October 2022 show a turnover of £1,026,098.
Accounts for the year end October 2023 show a turnover of £1,022.734.
(Full accounts are available to serious parties)
Staff
2 Directors plus Staff (Full details available on request)
Hours
Monday to Saturday 9.00am to 5.00pm
Premises
Mid parade premises with attractive frontage and single entrance to: Retail/showroom Area: 217 SQM (2,336 sq ft) Office Area: Kitchenette: Staff W.C.
Note: The company currently rents a 100 SQM storage warehouse under separate tenure with a Rent of £9,000 P.A. and Business rates of £2,829.33 P.A.
Tenure
A new lease will be granted to an incoming Tenant RENT £25,000 P.A. (5 Year reviews)
EPC Rating
TBC
Business Rates
£2,226.79 P.A. (23/24) Payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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
