Freehold Well Established Flooring Specialist West Mids
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.
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 Jan23 is £975k providing Gross Profit of £377k and Adjusted Net Profit in excess of £120k.
Recent years have shown consistent sales, averaging £903k.
The freehold of one of the units is included in the sale and valued at £725k (less outstanding mortgage of £315k). Fixed asset value is estimated at £80k including 2 vehicles and stock currently circa £54k.
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 6 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.
Recent years have shown consistent sales, averaging £903k.
The freehold of one of the units is included in the sale and valued at £725k (less outstanding mortgage of £315k). Fixed asset value is estimated at £80k including 2 vehicles and stock currently circa £54k.
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 6 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 £315k outstanding)
- Fixed Asset Value £80k, Stock £54k
- Loyal & Professional Team of Staff
- Owner will Provide a Negotiable Extended Hand-Over Period
Property Details: Freehold
Asking Price: £650,000 (Freehold)
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Financial Details
- Freehold: £650,000
- Turnover: undisclosed