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Well established high end flooring business
Projected income to year end 31.03.18 c. £650,000 with good profits
Owner run with self employed fitters
High street retail outlet and on-line, viewing recommended
Reference - 46275
Description All Floors is a well established and well respected high end carpet and flooring Buckinghamshire with two high street retail outlets, plus a good quality web site. The business was established by our client in 2008 and has shown significant growth over recent years, such is the reputation which has been gained, with the majority of work coming from personal recommendation, word of mouth, interior designers and repeat business.
All Floors supply and fit quality flooring products such as Karndean, Amtico, hard and soft wood flooring, carpets to suit all budgets, a design service, restoration, repairs and cleaning.
The business generates an income of c. £475,000 to £500,000 although income is due to increase substantially during 2018 due to additional commercial work with independent house builders, all of which has been gained due to the reliability, service and workmanship provided by the owner and the self employed fitters.
This business would ideally suit an existing flooring company who are looking to expand into affluent Berkshire locations, and can build upon the excellent reputation that currently exists under the current ownership.
Over recent years the business has become more streamlined with regards to costs so it now produces good profits, which are set to continue to grow. This has been achieved by holding limited amounts of stock along with all flooring being ordered at the point of sale and delivered direct to site.
Sales Accounts to the year end March 2018 show an income of £488,138 with adjusted profits in the region of £90,000.
Accounts Current accounts and management figures can be inspected after viewing.
Trading Hours Monday - Friday 10:00 to 17:00
Saturday 10:00 to 16:00
Staff The business is managed by the owner, along with part time admin staff and self employed flooring fitters.
Building External The high street retail outlet has good roadside signage and operates from the ground floor of deceptively spacious property.
Building Internal The retail outlet offers a welcoming feel when entering from the street and provides an airy feel with lots of natural light. Samples are displayed throughout the shop on versatile standing units and shelving which is in good condition.
Tenure We are advised that the property is held on a tbc year lease which commenced inTBC. The annual rent is £tbc exclusive (correct as advised on 21/04/2018). Rent reviews are at tbc yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary This is an ideal opportunity for an existing operator to a acquire a well established, well respected carpet and flooring company business which produces good profits and has genuine growth potential for any new owner.
A meeting with the owner is highly recommended to fully appreciate the business opportunity.
For more information about this property, please contact Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)
Contact Kings Business Transfer about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.