* Included in Asking Price
Fully Accredited Commercial Contract Flooring Company
Location Tyne & Wear
Asking price: O.I.R.O. £249,000
Asking price includes:
Consistent turnover in excess of £1 Million per annum
Gross Profits circa £300,000 p.a.
Profits available to owner circa £80,000 p.a.
Fleet of vans
Tools and equipment
Approved Supplier to public and private sector
CHAS/Construction Line/SAFE Accreditations
Over 40 years successful trading
Excellent supply chain position
High levels of repeat business
Blue chip client base
Training and handover
This business, established over 40 years ago, provides a comprehensive range of floor coverings and carpets to both the public and private sectors on a regional basis throughout the North East of England. The company provides a full supply and installation service and deals with all the major flooring manufacturers in the UK, mainly on a direct basis, which ensures it is always competitive and has a strong supply chain. It also benefits from these manufacturers passing them leads such is its market presence.
The business has put in place all the necessary accreditations and memberships to ensure it is able to serve the market be it direct to end users or via their nominated contractors. Because of this it enjoys “Approved Supplier” status with many public and private sector bodies within the region. It is also due to the fact that the business has established itself over 40 years as a premier commercial flooring company that can be trusted.
The company supplies and installs all types of flooring on a commercial basis to both end users and their approved contractors typically within a 50-60 mile radius of its base within the North East. This includes carpets, vinyls, sports floors, safety flooring and entrance matting systems. It has a large cusomter base of some 120 clients within both the public and private sectors (inc National Contractors, NHS, Local Authorities-Social Housing, Schools, Blue Chip organisations etc) and enjoys consistent levels of business, such is its reputation and the accreditations it holds. It also does a very small ammount of domestic work (high end-Karndean, Amtico etc) on a private baisis and has a small showroom on site to assist in this.
The company provides a comprehensive turnkey solution to its customers from initial pricing , recommendations, on site advice and installation right through to remedial works if need be. 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 a team of highly experienced key staff in place. It is fully conversant with all current legislation and guidelines relating to health and safety and has an excellent on site record. As part of this it utilises the services of an external specialist to ensure full compliance.
|Facilities:||The business operates from modern leasehold premises and is situated on a well known industrial estate with excellent access. Premises comprise circa 4000 square feet of ground floor incorporating warehouse and showroom as well as circa 3000 square feet of modern offices on a mezzanine floor. There is ample parking outside for vehicles. 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. Current rent, rates and water circa £23,000 p.a.|
|Competition:||The business has been trading for over 40 years and has never felt the need to advertise. It does have a basic information website but most of its work comes via repeat business, referrals and recommendations, not to mention from its status as an accredited company and approved supplier to its many customers. As part of its accreditations the business is listed within many of these bodies own websites and directories which also enhances the company profile.|
|Growth Potential:||The business has enjoyed an excellent level 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 within its work region.|
|Training/Support:||The vendor will provide a comprehensive handover to ensure a seamless transition of ownership. This should be a relatively simple process as the business has several key members of staff.|
|Sale Reason:||Planning exit strategy with retirement approaching|
Seller Reference #GB180
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