Business for Sale Overview:
This well established family business has been successfully operated since 1918. This retailer and commercial supplier of carpet, rug & lino flooring has a strong trading history and excellent reputation for offering a professional and efficient service to corporate houses like BBC studio’s and film sets etc, where it has very little competition and great future opportunity. The business has achieved an enviable reputation and has a solid network of suppliers and sub-contractors.
The showroom is fully stocked with all quality lines of carpets, rugs and lino flooring. The business has fully experienced staff and professional sales people and installers. The quality of services and competitive prices make this business a worthwhile opportunity for a new owner with turnover and profits increasing.
This long established company has a sound turnover and profit, good cash flow, easy to run and with no bad debts. The business has become the market leader in its marketplace and has developed a loyal customer base and has undertaken several significant projects. There is a choice of hundreds of quality carpets, lino and rugs in a variety of shapes, sizes and textures, which are all supplied by leading manufacturers.
This business offers an ideal opportunity for a new owner to take an already thriving business to the next level. This company has been built around excellence, and has the reputation to back it into a new ownership. By expanding the hours of operation and implementing more advertising, new ownership could most certainly see growth in this business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The premises incorporate an excellent showroom area and offices, and have the possibility of further expansion in the future. Long frontage with display units in a highly visible position plus wholesale unit opposite, all well kept; with excellent signage. The 6 year lease runs from 2008 with 3 yearly rent reviews for both retail and wholesale units. The premises are leasehold, a new lease is available with terms being fully negotiable. Current rent is approximately £19,000 per annum for retail unit and approximately £11,000 per week for the wholesale unit.
Market Competition and Expansion:
By far the most cost effective marketing for this business comes from its prime locations this business enjoys testimony to the excellent reputation this business has, particularly amongst its regular Clientele.
There is virtually no current advertising undertaken, but the business has an informative website which allows the user to find out details regarding the business and the range of products on offer. The business has found that the site has performed well and consistent growth will be achieved by building on this success.
Reason for Selling:
This is a genuine retirement sale.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.