Business Summary:
Business Profile:Extremely well established carpet and flooring shop, established by the present owner in 2009. The business is in a prime high street location, being one of the main thouroughfares in one of the most famous and highly regarded Berkshire Towns is and well positioned among other premium retailers with established clientelle. The close proximity to London, the West Home Counties, renowned private schools and other dense residential suburbs provides an excellent, affluent and willing customer base. Well known in the locale for the wide selection of carpets and other flooring products, the shop retails a very high quality selection of products from across the world that are proven to be very popular with customers The real power and energy of the shop comes from the attentive and courteous service provided by the owner and staff and the high levels of customer service and satisfaction they generate. The target market for the shop is very much the affluent residents of this busy area of Berkshire, with customers across the region including Windsor, Eton, Virginia Water, Weybridge etc.This opportunity is an ideal business for anyone looking to engage with the flooring sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities. The vendor currently manages all surveys and very much runs the shop according to his current needs; the vendor believes that a new owner with ideas and enthusiasm could easily generate net profits at a much higher level.Equipment:The shop has all the equipment normally associated with a business operating in this sector and uses specialist Electronic Point of Sale (EPOS) equipment and software for sales, stock and customer statistics management.. Customer Service:This store is renowned for its customer service, paying attention to customer’s requirements and offering a free advice service. The vendor’s honesty in dealing with customers is also very much appreciated and is responsible for much return custom.Key Strengths: Ideally located in this prime high street position in close proximity to high added-value stores, cafes and galleries and among other premium retailers in a busy street of outlets, with its tremendous passing trade. The shop has an extensive selection of available products to order, much of which would not be normally available on the high street and a range of purchase options that is popular with customers.The breadth of product choice in combination with the quality of service provided by the knowledgeable and attentive staff makes this shop stand out among the many competitors, including online alternatives.The shop is very well known and established in the area.The shop is run and managed on a day to day basis by the vendor.Growth and Expansion: The business has grown organically and with further marketing for both the shop and the introduction of a website could build on the existing excellent customer base.In addition to this a new owner could open the shop for longer hours.Key Opportunities:By expanding on the web presence the business could increase its turnover and profitability. By possibly introducing other complementary products and services to trade customers, it could capture more of the local market.The vendor has been in the industry all of his life and believes that of all of the various, previously successful flooring businesses he has had, this business represents the clearest, biggest opportunity.Employees:The vendor is ably supported by a reliable team of sub-contractors, he is responsible for, retailing, merchandising, cashier, packing, filling, online fulfilment and banking.Advertising and Marketing: The business does not engage in any form of formal marketing.Premises:The premises are leasehold with a 5 year lease. The square footage is circa 750 sq. ft. and includes a shop floor, stock room and office.The rent is circa £10,000 with rates of circa £8,000.Business Hours:Monday – Friday: Discretionary hoursSaturday - Sunday: ClosedSecurity:Alarm and fully monitored CCTV systemFinancial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Reason for Sale:Genuine retirement sale.Support and Training:Owner would be happy to stay and hand over for a negotiated period of time. Asking Price:The Asking Price of £150,000 is for 100% of the ownership of the business on completion (calculated on a zero cash-zero debt basis).
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