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Established Freehold Flooring Specialist West Midlands

West Midlands

Advert ref: 1766TRB

The Business Partnership are excited to be marketing for sale this long established and highly profitable flooring specialist based in the West Midlands.

The business supplies a full range of flooring to commercial and domestic clients throughout the Midlands region.

In addition the business supplies full bedroom furniture with showroom.

A wide ranging and loyal client base is included in the sale.
Turn-over for financial year end 31 Jan22 is just over £1m providing Gross Profit of £450,000 and Adjusted Net Profit in excess of £220k.

Recent years have shown consistently improving sales, averaging £894k.

The freehold of one of the units is included in the sale and valued at £725k (less outstanding mortgage of £330k). Fixed asset value is estimated at £90k including 2 vehicles and stock currently circa £67k.

The second unit is held on a short term lease at annual rent of £19,000.

The business is operated by the owner with the valuable assistance of a loyal team of 9 staff. The owner is willing to stay on for an extended hand-over period, subject to negotiation.

For further information please click through or contact The Business Partnership Birmingham office directly. 
 

Key features:

  • Established since 1999 - Highly Profitable Business
  • Highly Respected Brand in the Region
  • Also Supply Full Bedroom Furniture
  • £1m T/O to a Loyal Domestic & Commercial Client Base
  • Wide Product Range including Carpet, LVT, Laminate, Safety, Engineered Wood
  • Immaculately Present Carpet and Bedroom Showroom
  • Freehold Premises Valued at £725k (mortgage £330k outstanding)
  • Fixed Asset Value £90k, Stock £67k, cash £180k
  •  Loyal & Professional Team of Staff
  • Owner will Provide a Negotiable Extended Hand-Over Period

Property Details: Freehold
Asking Price: £970,000 (Freehold)

Established Freehold Flooring Specialist  West Midlands West Midlands

Financial Details

  • Freehold: £970,000
  • Turnover: undisclosed
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