Business Summary
Asking Price includes stock at valuation
Asking price includes:
Trusted and respected name in domestic and contract floorcoverings
Impeccable reputation generating high volume repeat business
Established customer base in the Public and Private sector
Reputation for honesty, reliability and responsibility
Sign written van plus specialist tools
Excellent opportunity to grow
Superb supplier partnerships
Complete turnkey operation
All fixtures and fittings
Good profit margins
Excellent premises
Advertising
Goodwill
Business profile:
This is a unique opportunity to purchase a family run business established for ten years specialising in the supply and fit of floorcoverings. Operating nationally, this business has a presence in both the domestic and Contract markets and the Public and Private sectors with Local Government, Education Authorities and Health Authorities amongst its Client base. It has also successfully completed contracts for Public Houses, Hotels, Clubs, Nursing Homes, Housing Estates and Restaurants. The domestic market is becoming increasingly important. With an excellent reputation and such a strong Client list it has massive potential and the capacity to be even more profitable for any new owners with energy and enthusiasm.
The product range encompasses carpets, vinyls, rugs, laminates and safety floorings. The range of carpets includes the toughest economy tiles suitable for schools and other low budget, hard wearing installations, to luxury modular carpet suitable for hotels and the leisure industry. This business also supplies and installs all types of wood and wood effect flooring and has considerable experience in meeting the Health and Safety requirements in areas where safety is of the prime importance, such as wet areas and showers, food preparation areas and kitchens, hospitals and schools.
For the domestic market there is an excellent range of floor samples, including carpets from leading manufacturers, rugs, vinyl and laminate flooring.
The owner of this Business is a member of the Master Guild of Craftsmen and as such is in demand from other Contractors for his fitting services.
Tools
The business is sold with a low mileage, sign written, long wheelbase Transit Van, a range of specialist tools that includes a guillotine for wood laminates, a complete welding kit for safety flooring, a system for hot metal glueing and a contact adhesive spray together with a variety of hand tools.
Key strengths
Operating since 1995, the owner has created a tremendous reputation and presence in the marketplace based around the professional and personal service every customer enjoys. Work is completed on time with a minimum of disruption to its customers’ businesses. Customers return to place orders time and time again.
The only local competitor to this business is seeing its market share gradually eroded due to the excellent rapport the owner of this business builds up with its customers and the high levels of satisfaction customers have for its products, estimating and fitting services.
Opportunities
There is significant scope for this business to improve its performance. The local competition is negligible and shrinking. Potentially lucrative trade sectors such as pubs and Clubs represent significant opportunities. Further work to improve this business’s web-site will also improve customer awareness of its products and services as more and more trade customers increasingly use it as a tool to find suppliers offering the best quality products and fitting services at the lowest prices.
Customer service
Samples, estimates and advice on product suitability and installation are immediately attended to by the company and the size of the contract does not alter the level of service. Whether it is the smallest installation or a project worth several thousands of pounds, both can expect the same degree of attention and determination to achieve the best possible results.
As expected from a member of the Guild of Master Craftsmen the business is renowned for its personal service and has a well-deserved reputation for excellent workmanship. This business understands the importance of deadlines and work procedures and wastes no time between initial Client contact and the completed work which is carried out with the minimum of disruption. This business aims to complete 95% of all installations within twenty four hours.
Property Details
Other Business Details
Premise Details:
In an excellent location, with good passing trade, the well established rented, warehouse premises has ample parking. The warehouse is fully fitted, displayed and well stocked with an excellent range of floor samples and comprises a Ground Floor sales area of 870 square feet, a further office and sales area of 490 square feet, and an upstairs storage area of 490 square feet. Monthly rent is £800.
Competition:
Trade and local press, a range of local directories including Yellow pages and yell.com and the finest form of marketing, word of mouth recommendation are used to advertise and market this business.
The business also benefits from a basic web presence that could be significantly extended.
Business Operation Details
Support & Training:
Our client will provide a handover period to ensure continuity and success by providing complete assistance for a planned and smooth handover.
Miscellaneous Details
Reason For Selling:
After 10 enjoyable and profitable years our client has chosen to place the business onto the market due to retirement.