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Carpet and Flooring Retailer in Plymouth Devon Available for New Ownership

Plymouth, Devon

CONFIDENTIAL

  • Leasehold: £175,000
  • Turnover: £522,000 (£10,038 per week)
  • Profit: £70,000 (14% Profit margin)

Key Features

  • Excellent product range
  • Retirement sale or transition plan
  • Servicing both domestic and commercial sectors
  • Stock included in sale

Business Details

Long time established Domestic and Commercial Carpet and Flooring Retailer

Long time established Domestic and Commercial Carpet and Flooring Retailer

  

Location: Plymouth

  

Asking Price: £175,000

  

Business Highlights

Turnover: £522,000

Net Profit: £70,000

  

Asking Price Includes:

Over 17 years trading history.

2,000 sq. ft. luxuriously fitted unit.

Very popular business park location.

Multiple long term blue-chip supplier relationships.

Substantial range of flooring products.

Superb fully optimised website.

Stock and vehicles, approximate value £30,000.

  

 

Introduction: 

Turner Butler has been appointed to invite offers of purchase of the issued share

capital of this highly reputable commercial and domestic carpet and flooring retailer.

Operating for over 17 years, the business trades from a substantial, superbly fitted

extensive retail unit.

 

 

Business Profile:  

 

  • Extensive range of products including carpets, hard flooring, underlays and accessories. 
  • Very strong customer relationships both domestic and commercial. 
  • A local supplier of leading brand carpets such as Abingdon Carpets, Cormar Carpets, Kingsmead Carpets, Penthouse Carpets, Ulster Carpets and many more.
  • They offer a comprehensive residential flooring service as well as expert commercial flooring solutions.

 

 

Customer Service: 

The company prides itself on exemplary customer service. This is borne out by continual long-term repeat business. 

 

 

Key Strengths: 

The sale of the business represents an exceptional opportunity to acquire a very well-established, profitable and respected business. The company demonstrates consistent year on year turnover. 

 

 

The Opportunity: 

The goodwill in the business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler. 

 

 

Asking Price:  

The asking price of £175,000 is for 100% of the issued share capital of the company. Calculated on a zero cash-zero debt basis at completion. 

 

 

Reason for Sale: 

Retirement

 

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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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The data showed regarding this advert 'Long time established Domestic and Commercial Carpet and Flooring Retailer - GB215 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.