Flooring Retailer and Installer for Sale in Lincolnshire, 25 Years in Business
Undisclosed, Lincolnshire
- Status
FOR SALE
- Advert ID
652918
- Reference
MC/FLINT / Rightbiz
- Call Agent:
- Leasehold: £395,000
- Turnover: £900,000 (£17,308 per week)
- Profit: £150,000 (17% Profit margin)
Business Details
Profitable and Well Established Flooring Retailer & Installer
Having been founded around 25 years ago by the current owner, the business retails and installs all flooring types other than tile and also retails interior design furnishings from its showroom and online.
Located in Lincolnshire, the business operates from a superb 7,000 square foot premises, leased from a 3rd party.
The business employs 4 in addition to the vendor and they are expected to want to stay with the business.
Revenues are typically between £800k and £900k delivering an adjusted EBITA after accounting appropriately for management costs of £130k to £150k.
The Guide Price sought by the Vendors for 100% of the shares of the company is £395K. The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £40k.
The business will be an attractive acquisition for both a trade buyer looking to extend its product range and / or geographic scope and also individuals looking for a stable stand-alone business, with significant further growth opportunities.
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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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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.
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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.
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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.'.
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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.
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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
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