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Businesses For Sale > Business For Sale in London, UNITED KINGDOM - UK (UK)
AG101 -London-£ 550,000-Retailer and Corporate Supplier of Carpet, Rug & Lino Flooring for sale in London, UK
London, UNITED KINGDOM - UK (UK)
| Asking Price: |
Gross: |
Cash Flow: |
| £ 550,000 |
£ 500,000 |
Undisclosed |
Business Summary:
Retailer and Corporate Supplier of Carpet, Rug & Lino Flooring
Ref.AG101
Location London
Asking Price £ 550,000
This well established family business has been successfully operated since 1918. This retailer and commercial supplier of carpet, rug & lino flooring has a strong trading history and excellent reputation for offering a professional and efficient service to corporate houses like BBC studio’s and film sets etc, where it has very little competition and great future opportunity. The business has achieved an enviable reputation and has a solid network of suppliers and sub-contractors.
The showroom is fully stocked with all quality lines of carpets, rugs and lino flooring. The business has fully experienced staff and professional sales people and installers. The quality of services and competitive prices make this business a worthwhile opportunity for a new owner with turnover and profits increasing.
This long established company has a sound turnover and profit, good cash flow, easy to run and with no bad debts. The business has become the market leader in its marketplace and has developed a loyal customer base and has undertaken several significant projects. There is a choice of hundreds of quality carpets, lino and rugs in a variety of shapes, sizes and textures, which are all supplied by leading manufacturers.
This business offers an ideal opportunity for a new owner to take an already thriving business to the next level. This company has been built around excellence, and has the reputation to back it into a new ownership. By expanding the hours of operation and implementing more advertising, new ownership could most certainly see growth in this business.
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| Year
Business was Established: 1918 |
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| Number of Employees:
5FT |
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| Facilities / Terms of Lease:
The premises incorporate an excellent showroom area and offices, and have the possibility of further expansion in the future. Long frontage with display units in a highly visible position plus wholesale unit opposite, all well kept; with excellent signage .The 6 year lease runs from 2008 with 3 yearly rent reviews for both retail and wholesale units. The premises are leasehold, a new lease is available with terms being fully negotiable. Current rent is approx. £19,000 p.a. for retail unit and approx. £11,000 per week for the wholesale unit. |
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| Potential
Growth/Expansion:
This business is in a prime position for someone to drive it forward onto the next level. It already has a solid foundation from which to build on by way of a pro active marketing plan. There are excellent opportunities to increase the levels of business by employing more carpet fitters, opening longer hours and getting more customers from domestic and commercial sector also. The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth. |
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| Competition:
By far the most cost effective marketing for this business comes from its prime locations this business enjoys testimony to the excellent reputation this business has, particularly amongst its regular Clientele.
There is virtually no current advertising undertaken, but the business has an informative website which allows the user to find out details regarding the business and the range of products on offer. The business has found that the site has performed well and consistent growth will be achieved by building on this success. |
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| Owner
willing to train:
The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to its new owners. |
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| Reason for selling:
This is a genuine retirement sale. The owner is moving abroad following successful handover of business. |
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Seller Reference Number: AG101
BusinessMart.com Listing Number: 72755 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Andrew Hudson
Turner Butler
0044 1895 25 60
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