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Asking Price$131,335
Revenue$905,051 Established1963
Cash FlowUndisclosed Employees6 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Asking price: O.I.R.O. £ 80,000

Leasehold/Relocatable

Asking price includes:
Consistent turnover circa £550,000 of p.a.
Typical Gross Profits circa £120,000 p.a.
Stock (circa £13,000)

Fleet of vans
Tools and equipment
Approved Supplier to local councils
CHAS/Construction Line Accreditations
50 years successful trading
Superb supply chain position
High levels of repeat business
Low overheads
Superb reputation
Established & loyal client base
Training and handover
Goodwill
Website
Business profile:
A rare opportunity to acquire a very well established company that is ideally positioned in the North East contract flooring and suspended ceiling market. This business enjoys “Approved Supplier” status with many public and private sector bodies within the region due to its first classs reputation which has been forged over some 50 years of succesful trading.

The company supplies and installs all types of flooring , and to a lesser extent suspended celings (circa 10% of current business levels)on a commercial basis to both end users and their approved contractors throughout the North East. It has a good mix of clients within both the public and private sectors (inc NHS, Local Authorities, Schools etc) and enjoys consistent levels of business, such is its reputation and the accreditations it holds.

The company provides a comprehensive turnkey solution to its clients. By involving itself in projects at an early stage it provides expert technical and design advice backed up with accurate pricing, bills of materials and on time installation. The business is a fully accredited installer of all leading types of flooring so can provide advice on the most sutiable material and brand for each project.

The business has in place excellent supplier relationships with leading manufacturers and wholesalers alike and excellent in house knowedge of the floors and celings it installs. The staff have built up a solid and reliable business based on reputation, quality of work and trust. This is evident in the numerous key accreditations and memberships the business boasts as well as the Approved Supplier status it enjoys with many of its customers.

The company is fully conversant with all current legislation and guidelines relating to health and safety and has an excellent on site record.
Facilities:The business operates from ideal leasehold premises. Rent is circa £6000 p.a. and the company enjoys small business relief on the rates which are negligible. Premises comprise circa 1500 square feet of office and storage spread over two floors. It is understood a new lease would be made available to a new owner. Alternatively the business could easily be relocated should a new owner so require.
Competition:The business has been trading for some 50 years and has never felt the need to advertise. It does have an informative website but most of its work comes via repeat business, referrals and recommendations, not to mention from its status as an approved supplier to its many customers.
Growth Potential:The business has enjoyed excellent levels of business to date and continues to consistently perform even in today’s tough economic climate. This trend is expected to continue as the business has an increasing number of key organisations in the region whom it works.
Training/Support:The vendor will provide a comprehensive handover to ensure a seamless transition of ownership.
Sale Reason:Planning exit strategy with retirement approaching
Ad #57306
Seller Reference #GB179
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Turner Butler
0044 1895256000
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